AGM Reports

AGM Reports

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.

You will find summaries of our AGM reports on this page. You can also search for reports on a specific company, using our “Research” feature. Only full members of ShareSoc can view the full details of our AGM reports and need to login to do so. If you wish to gain access, click here to become a full member, for less than 90p/week and gain full access to our library of hundreds of AGM reports, as well as other member benefits.

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Foresight VCT (FTV) AGM 2018

  This year’s Foresight VCT AGM was held on Tuesday 22nd May commencing at 14:00, at the Foresight Offices, 23rd floor, The Shard, SE1 9SG. There were around 25 attendees, which included about 16 ordinary shareholders, the BOD and representatives from the manager. Links to the Annual Report for year ending Dec 2017 and my notes from last year’s AGM are shown below: http://www.foresightgroup.eu/media/843001/f-vct-annual-report-and-a... https://www.sharesoc.org/agm-reports/foresight-vct-agm-2017/ The Chairman (John Gregory) kicked of the meeting by announcing the running order for the meeting, which began with a presentation from ...

Accesso (ACSO) AGM 2018

Yesterday I attended the Annual General Meeting of Accesso (ACSO) in Twyford at the somewhat early time of 10.00 am with the result that I got bogged down in the usual rush hour traffic on the M25. Accesso provides “innovative queuing, ticketing and POS solutions” to the entertainment sector (e.g. theme parks) although they have been spreading into other application areas. The business has been growing rapidly under the leadership of Tom Burnet who moved from being CEO to Executive Chairman ...

T.Clarke (CTO) AGM 2018

Ticker ($CTO.L) – Full Market Listing (FTSE Fledgling) Share price 85.5p (market cap £36m approx.) Book value £16.5m approx. / EV £24m approx. I was pleased to attend on Friday (18th) my first AGM for T Clarke (CTO), a UK based building services and information / communications technology (ICT) business that has been in existence since 1889. http://www.tclarke.co.uk/ http://www.tclarke.co.uk/images/uploads/documents/TClarke_Annual_Report_2017.pdf I have been aware of this business for a number of years given my engineering background but have only recently invested after it was flagged to me by another value investor ...

Prudential (PRU) AGM 2018

I attended the AGM of the Prudential on 17 May 2018, which was held at 11am at the QE2 Centre in London. It conflicted with the Legal and General AGM which started at 12 o'clock on the same day. There were only about 250 attendees at the Pru, much less than the 800 the previous week for the Aviva AGM. The smaller numbers presumably being party due to the very good performance of the potential, versus big problems at Aviva and ...

Reckitt Benckiser (RB.) AGM 2018

On 3 May 2018, I attended the Annual General Meeting of Unilever in the Marriott Hotel, near Heathrow airport, which started at 11.15 AM. The previous day I had attended the Unilever AGM so it is interesting to compare these two companies Unilever Reckitt Market cap about £110bn £40bn Turnover Euro 54bn £11.5 bn Profit after tax of Euro 6.5 bn £3.4 bn Dividend increase 8% 7% Profit margins 17% 59.7% Return on capital 19% (ROIC) 10% (ROCE)     I was the proxy for DSW (the German equivalent of UKSA/ShareSoc) whose members held some 217,000 RB shares and wanted someone from either UKSA ...

Forbidden Technologies (FBT) AGM 2018

This year’s Forbidden Technologies AGM was held at the Company’s HQ: Tuition House, 27-37 St Georges Road, Wimbledon SW19 4EU, commencing at 14:00 pm on Monday 30th April 2018 For investors who are unfamiliar with Forbidden Technologies, the company’s primary business is to provide high-performance cloud video services for media makers and broadcasters. FBT was founded by Stephen Streater (SS) following his departure in 1999 from the Games developer Eidos, which he founded in 1990. FTB subsequently floated on AIM in 2000, raising ...

Verona Pharma (VRP) AGM 2018

This year’s Verona Pharma AGM was held at 9.00 a.m. on Wednesday 2nd May 2018 at The London offices of NASDAQ, Woolgate Exchange, 25 Basinghall Street, London EC2V 5HA For investors who are unfamiliar with the company, Verona is a clinical stage Pharmaceutical company currently focused on developing just one asset, RPL554, which has a unique mechanism of action (PDE3/PDE4 inhibition). RPL554 is currently being developed for the treatment of COPD and Cystic Fibrosis. The company listed on Aim in 2006 through a ...

Rightmove Plc (RMV) AGM 2018

On Friday I attended the annual general meeting of Rightmove Plc at the central London offices of UBS. For the few that haven’t heard of Rightmove, the company is the UK’s largest property portal, with over 1 million residential properties advertised on the website. Financial highlights from the year ending 31st December 2017 are revenue up 11%, operating profit up 10%, dividend up 14% giving a yield of 1.2%. With only 1 other shareholder present (who I gather has been a long-term ...

UNILEVER (ULVR) AGM 2018

On 2 May 2018, I attended the Annual General Meeting of Unilever (ULVR)in the Queen Elizabeth Hall conveniently situated close to Waterloo station, which started at 10:30 AM. Prior to that we were served a choice of PG Tips and Lipton's and other Unilever brands. I am a 30 year shareholder in Unilever and very pleased with performance. Unilever is a hugely complex company with about £110bn market cap, Euro 54bn turnover, Profit after tax of Euro 6.5 bn and 8% dividend increase. ...

RTC (RTC) AGM 2018

Last week (18/4/2018) I attended the Annual General Meeting of RTC Plc (RTC) in the very splendid offices of Gowling WLP at 4 More London Riverside with wonderful views of the Tower of London. Here’s a brief report on the event. There were about a dozen ordinary shareholders present, three directors (the only NED, Mr May, was ill and unable to attend) and the auditor who arrived late. RTC is a tiny £8m market cap company. Although it has a turnover of ...