Meetings for Investors

Report: Volex Webinar

I listened in to a Volex webinar on 11th November which was very well attended and presented. I have been a shareholder in Volex for some while and they have done very well achieving their targets of raising their gross margins by improving their product mix, dropping much of their lower margin cables business. Margins have been increased to 10.3% and they are doing well with their electric vehicle cables as the growth in this market continues. Volex have manufacturing operations in China, ...

Chrysalis – Vote NO at 26 November General Meeting

Shareholders are excluded from this GM and there is no pre-meeting webinar to discuss these highly contentious proposals to wind up the VCT and distribute any monies raised (less administration fees, including payments to the failing fund manager and some directors). Several members of the ShareSoc VCT Investor Group (including Tim Grattan, Mark Lauber, Roger Lawson and myself) met on 10 Nov to discuss Chrysalis' plans. Our conclusion was that shareholders should vote against these proposals for the following reasons: Chrysalis is ...

Recording of ShareSoc’s Webinar with Ergomed

This is the recording of ShareSoc’s Webinar with Ergomed, which took place on 6th October 2020.

Festival of Property Funds from QuotedData

For those of you who are interested in property funds, I came across this interesting looking series of webinars hosted by QuotedData and taking place over the next 3 weeks - https://quoteddata.com/events/quoteddatas-property-webinar-series-2/ It covers a good range of property funds, trusts and REITs and might be worth a look.  Mike Dennis

RBS Virtual Shareholder Event, Thursday 16 July 2020

I am looking forward to this virtual shareholder event and have registered. RBS had a closed AGM (due to Covid) and promised this event for retail shareholders so they could ask the questions they would have liked to have asked at the AGM. Now is your chance to listen to RBS management and ask your questions. To secure your place, please register by 10th July here if you know your SRN (shareholder registration number which you can find on your share certificate). You will then receive a confirmation ...

Learning Technologies and Ten Entertainment AGMs

I “attended” the on-line Annual General Meeting of Learning Technologies Group (LTG) today. Full members of ShareSoc can find my report on that meeting here: https://www.sharesoc.org/agm-reports/learning-technologies-agm-report-2020/ Another recent AGM of an AIM company was that of bowling alley operator Ten Entertainment (TEG) for which I hold all of 50 shares. I sold almost all my holding before they had to close all their venues. This was another company that did a placing recently but it is hardly surprising in this case that ...

AGM – scope for change

There is an excellent FT article on AGMs  https://www.ft.com/content/1209fa2f-30a9-4a16-bcee-65743814acc2 (11 June 2020) which quotes me in some detail: Cliff Weight, from the individual shareholders group ShareSoc, says he is concerned that some companies see AGMs as a “waste of time and unnecessary, apart from the formalities” required by law. He fears some will use the disruption caused by the pandemic to rubber stamp bad practices, such as by making it harder for investors to question the board. ShareSoc believes a move towards live AGM ...

AGMs – a great webinar from CSFI

I think you will find this well worth listening to. It is 46 mins. It is a bit technical, so educational for some ShareSoc members and intellectually stimulating for others. CLICK HERE TO WATCH The CSFI has produced a new discussion, titled 'Virtual AGMs: just the start of overdue changes in the way companies communicate with shareholders' Why you should watch: Technology has made it easier to run virtual AGMs, but barriers remain between the end investor – especially in pooled accounts – and ...

Babcock Price Fall, Segro Placing, TR Property

I said in a previous blog post “that I tend to avoid FTSE-100 companies as their share prices are driven by professional analysts’ comments, by geo-political concerns, by general economic trends and by commodity prices. You can buy a FTSE-100 company and soon find it’s going downhill because one influential analyst has decided its prospects are not as they previously thought”. Indeed that is exactly what happened after I made a recent purchase of Babcock International (BAB). Soon after, Shore Capital Markets ...

Online discussion with the FRC on IFRS developments on Tuesday 5th May 15:30 -17:00

The Financial Reporting Council invites UKSA and ShareSoc members to attend an online discussion on the Endorsement Board on Tuesday 5thMay 15:30 -17:00 on Microsoft Teams. The UK Government is committed to the continued use of IFRS after EU exit to ensure transparency and international comparability of financial statements, and the efficient allocation of capital, including the smooth functioning of capital markets in the United Kingdom.  This event will provide an update for investors on the endorsement of IFRS for use in the ...