Meetings for Investors

The Master Investor Show announces an exciting Main Stage line-up

Advertising Feature The Master Investor Show – the annual conference for private investors, has announced a superb Main Stage line up for the 2019 show. This year’s event will provide the best insights into investing by reviewing current and future socio-economic trends, cutting edge technologies and how best to take advantage of them. Across the four stages, all things from trading, stocks, shares to funds and bonds will be explained by the leading experts within their fields. Now in its 17th year, Master Investor ...

Safestore and Fundsmith AGMs

Today I attended the Annual General Meeting of Safestore Holdings Plc (SAFE) in Borehamwood. Their head office is next to one of their self-storage units. They now have 146 stores with a concentration in London/South-East England, and in major UK cities, plus some in Paris. The Chairman, Alan Lewis, commenced the meeting with a very brief statement. He said 2018 was a good year with good strategic progress. He is confident value creation will continue. Note that Mr Lewis is stepping down ...

RBS General Meeting Report

98.7% of shareholders voted for the proposal, with 1.3% against. A very strong majority. UKGI did not vote their shares. I watched the General Meeting on the webcast. Attendance looked pretty thin. Three people asked questions. Neil Mitchell questioned the prudence of using company funds to buy back shares when there was £15bn of GR legacy issues claims outstanding. He also questioned why there had to be so much haste (why not wait until the AGM and after the annual results were ...

RBS General Meeting: You Decide!

I have today published two posts on ShareSoc's blog, expressing different opinions on RBS's proposed resolution to buy back shares from HM Treasury. One from our chairman and another from senior ShareSoc member Roger Lawson. Firstly, the facts. You can find full details of the General Meeting and proposal here: https://investors.rbs.com/shareholder-centre/shareholder-meetings.aspx. If you are a shareholder you should study the circular available from that webpage before deciding how to vote. ShareSoc encourages its members to make their own minds up on matters such as ...

RBS Share Buy-Back

The Royal Bank of Scotland (RBS) is proposing to buy-back up to 4.99% of its shares from the stake held by the Government (by UKGI on its behalf). At present the Government holds 62% of the company stemming from the bailout in the banking crisis ten years ago. They have been trying to get shot of it ever since as no Tory government thinks it should be investing in banks. This latest proposal makes it clear that UKGI cannot easily sell ...

RBS General Meeting – Voting Considerations

RBS has called a General Meeting for 6th February to consider a Special Resolution giving the group the authority to make off-market purchases of up to 4.99% of the outstanding shares from HM Treasury. In effect this is an authority to effect a capital reduction, which will partially reduce the overhang of government held shares. The timing is pretty poor, coming just three months prior to the AGM and without the benefit of full year financial reports. But it seems to signal ...

Bogle Death, Patisserie and Diploma AGM

The death of John Bogle has been announced at the age of 89. He wrote several very informative books on investment and was the founder of Vanguard which has grown into one of the largest mutual fund managers by promoting index fund management. He also promoted the idea that the investors should own the fund manager. He suffered from heart attacks from a young age, the first at age 31, and actually had a heart transplant in 1990. So in some ...

Bellway AGM for Early Risers Only

Should Annual General Meetings of companies be held at reasonably convenient locations and on convenient dates and times so that as many shareholders as possible can attend? Most private shareholders certainly think so. But Bellway (BWY) seem to be taking the opposite approach. Their 2016 AGM was at the very sensible and easily achievable time of 2pm in the afternoon so all shareholders hoping to attend could actually meet the directors and ask questions. They could travel from all over the country ...

EMIS Investor Event

On Thursday (29/11/2018) I attended the EMIS Group (EMIS) Capital Markets Day at the London Stock Exchange. Having held shares in the company since 2011, this was a great opportunity to get an update on the situation of the company and its future plans. First some background. EMIS is best known as the provider of software that general practitioners use – EMIS Web (primary care). That has more than 50% of the UK GP market. But the company also has many other ...

Individual Investor access to Conference Calls and Research

ShareSoc had a very useful meeting with Allenby Capital on 13 September, who are interested in individual investors and understand the need for a balanced shareholder register. Allenby publish all their research on their website and if you register, input your email address and self certificate you can access their research for free. see http://www.allenbycapital.com/research.html I wish all firms undertaking research were so enlightened. We also talked about making open days and conference calls open to all investors. I note that today Tern have announced ...

It is this weekend – ShareSoc will be at the UK’s biggest shares show UK Investor on April 21 – will you? Free tickets on offer

This Saturday 21st April ShareSoc will be mixing with more than 3,000 serious investors at the UK Investor Show. And we have some of the last available tickets to hand out today, for free, to ShareSoc members Sharesoc will be organising one of 133 stands at the country's largest one day event for those interested in shares. The other stands will be manned by AIM and Standard List companies and the CEOs of most of them will also be doing 20 minute ...

Analyst Presentations: the Unlevel Playing Field

A core aim for ShareSoc is to seek to level the playing field for individual shareholders. One aspect of this is addressing the cosy chats that companies have with analysts and favoured institutional investors, which individual investors usually cannot gain access to. A typical example of this was contained in ScS's recent interim results announcement: https://www.investegate.co.uk/scs-group-plc--scs-/rns/interim-results/201803210700033530I/ Investor and Analyst Meeting A meeting for analysts will be held at the office of Buchanan, 107 Cheapside, London, EC2V 6DN on 21 March 2018 commencing at 9.30am. ScS ...

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