Our library contains reports on the Annual General Meetings of a large number of listed and quoted companies that our members have attended. This unique resource provides valuable insights for investors in those companies, not available anywhere else.
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On the 22nd July I attended the Annual General Meeting of Templeton Emerging Markets Investment Trust Plc (TEMIT) - 12.00 am in Stationers Hall in the City of London. There were about 100 shareholders present so the room was pretty full.
The meeting commenced with a presentation from Mark Mobius, who has been the fund manager of this trust for many years. He is both short and bald but he gave a vigorous and high quality presentation using powerpoint slides. It proved ...
On the 15th July I attended the Annual General Meeting of Paypoint Plc (12.00 am in London). There was only one other private shareholder present and no institutions of course. Paypoint operates in the payments sector, including processing cash payments through terminals in retailers for bill payment and mobile top-ups, plus operates internet credit/debit card payment services, mobile phone payment (for parking charges), and a number of other payment systems. It’s main geographic markets are the UK and Romania, the latter ...
I attended the AGM of this software company today (the 14th July). As the meeting was at 10.00 am in Bristol, it was possibly not surprising that I was the only shareholder present, other than the directors and a few staff who held shares. That's the second year running!
I would not have bothered doing so for a second year, but after raising questions at the previous AGM about revenue recognition, and getting some bullshit in reply (in retrospect), the company announced ...
I arrived at the venue about 15minutes before the start time to be told that I would not be allowed in. As a nominee shareholder I had previously arranged that my broker to send HLO a letter of representation, but it appeared that it had not arrived. With four representatives on the door that looked as though they would be more appropriate on a nightclub entrance, it seemed likely that my journey was wasted. Frantic calls to broker to get them ...
Business description and investment metrics
See Braemar's annual report for details
Braemar's business comprises four areas of operation:
Technical Services (Warranty services, Marine Consultancy, Vessel surveys etc)
Environmental (Pollution control, salvage etc)
What attracted me to the business, as an investor, is an attractive yield, backed by a strong earnings track record and sound balance sheet. Here is a summary snapshot of some key investment metrics:
Share price (p)
Shares in issue (m)
Mkt cap (£m)
Net cash (£m)
On the 17th June I attended the Annual General Meeting of Globo Plc. This is essentially a Greek company which historically has provided IT solutions and services in Greece (80% of revenue but falling). Recently it has developed a clever solution called CitronGO to provide email, social networking and other services on any mobile phone (a smartphone is not required) which they are marketing though phone networks. In addition they have released GO Enterprise Server in the last year which is ...
As described on the company website:
“Corac Group plc is an intellectual property and engineering group, specialising in direct drive turbo machinery. We focus on high speed, direct drive compressors based on solid expertise in gas bearings, and high speed shafts and motor drives. Corac technology has many applications; the extraction of gas from gas wells and supercharging piston compressors used in factory applications are but two.”
Share Price 16.625p
Shares in issue 247.4m, AIM listed, 16.8m options
Market Cap £41.1m
Directors' holdings 1.3m ...
On the 31st May in London, the Judges Scientific AGM was attended by only three shareholders, one of whom was a company employee (he was a former director of one of the companies they took over – at least he appeared to be happy working for them as he had even bought more shares after receiving some from the takeover).
The formal business was fairly routine, although it transpired that the resolution to permit allotment of shares (no. 7) actually enables the ...
At the Parseq meeting in London on the 31st May, there were 5 shareholders present. The company is a merger of the old Intelligent Environments and Documetric – the former providing software for the banking sector while the latter provide outsourcing services to financial institutions. Combining the two operations should enable it to close new deals, like the recent one for O2 to provide a mobile phone payment service.
The meeting was well managed by Richard Last who chairs a number of ...
Arriving early I was able to buttonhole some of the non-Board employee attendees over coffee and pastries in some general background chat about the Trust before settling down for a read through a hard copy of the Annual Report. Two Dunedin managers came across to say hello and ask if I had any questions. A good start I thought – though maybe they were just happy to see a new face.
The AGM started on time and, in the absence of the ...