ShareSoc Blog
The ShareSoc blog provides news and informal commentary from directors, members and other contributors. Entries reflect the personal views of the authors, which do not necessarily reflect ShareSoc’s formal position. Contributors may hold shares in the companies mentioned. Nothing in this blog should be viewed as financial advice. You may submit comments on blog posts, but ShareSoc reserves the right to remove or edit inappropriate or defamatory submissions.
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https://www.thisismoney.co.uk/money/markets/article-9641119/Backlash-sale-lithium-Chinese-predator.html reports that:
Cliff Weight, director of shareholders champion ShareSoc, said: 'When foreign joint ventures are listed on the London Stock Exchange, it is very difficult for the rights of minority shareholders to be protected.
'Companies such as Bacanora need to be much more transparent, so it is easier for investors to understand the options and warrants that JV (joint venture) partners have. It looks like the Chinese are buying lithium assets on the cheap.'
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by Cliff Weight, Director ShareSoc.
The Gamestop upcoming AGM votes have highlighted the differences in the platforms. Some still do not allow you to buy US shares.
Notably Interactive and eToro will allow voting of Gamestop shares.
I was sent the information below by a journalist, which looks right, but I cannot guarantee it is so. These things often change. I understand that Hargreaves are looking at making voting easier and considering using Broadridge. That would definitely be a great step in the right direction.
Platform
Access to US ...
by ShareSoc Director Cliff Weight. These are my views and not necessarily those of ShareSoc.
Readers may recall my blog in Oct 2020 about investment trusts discounts and what to do about them https://www.sharesoc.org/blog/collective-investments/investment-trust-discounts-what-to-do-about-them-and-sec-example/
On Friday 28 May 2021, SEC announced their new plan to help reduce their discount, https://www.londonstockexchange.com/news-article/SEC/contingent-tender-offers/14995537 :
2022 Contingent Tender
The Board has determined to put in place a contingent tender offer in 2022, should the ordinary shares trade at a wider than average discount of 8 per cent. over the ...
The Office of Tax Simplification (OTS) have published a second report on Capital Gains Tax covering practical, administrative and technical issues. They give a number of recommendations to the Government and I cover those that may affect individual investors below (at least the few who actually pay capital gains tax) and add a few comments:
HMRC should integrate the different ways of reporting and paying Capital Gains Tax into the Single Customer Account, making it a central hub for reporting and ...
https://www.telegraph.co.uk/business/2021/05/30/minnow-activist-going-battle-defence-giant-leonardo/ quotes ShareSoc saying a CEO in the UK would step aside until the investigation concluded.
ShareSoc News item by Cliff Weight.
The FT on Friday 21 May asked for views from investors with money trapped in Neil Woodford’s former fund. It said:
Nearly two years on from the collapse of Neil Woodford’s flagship fund, more than 300,000 investors are still waiting to recoup their money — and FT Money would like to hear from readers affected by the fallout.
The FT asked specifically about these 6 questions.
As the liquidation process drags on, what impact has this had on your ...
ShareSoc News Item: Below is an article from guest contributor Annabel Brodie-Smith, who is the Communications Director at the AIC.
Investment Trusts are a very important part of investing, with AUM of £250 billion. They are arguably better, and better value, than funds. For new investors half a dozen investments trusts or passive ETFs or a mix of both are arguably the best way to start on your investment journey. Most sophisticated investors have at least part of their wealth invested in ...
Blog from Cliff Weight, Director, ShareSoc. These are my personal views and not necessarily those of ShareSoc. Support doubles to 30%, for the FollowThis! climate resolution at Shell AGM....
I received an unhelpful response to a question today (19th May) from Eleco (ELCO). I have been a shareholder for some time in this construction software company. The company announced on the 26th of April that it had received a requisition notice that covered resolutions to reappoint two directors, that all directors stand for re-election at future AGMs and that the remuneration committee report be approved.
It was certainly unusual that such resolutions were not on the AGM agenda on the 6th ...
The final step in completing SIGnet's merger with ShareSoc is to create a new website for SIGnet.
To facilitate this we have made some changes to the ShareSoc website and its menu system - including links to where the new SIGnet website resides. That new website is currently under construction, with some pages incomplete or not yet created. Until it is complete, please refer to SIGnet's current website at http://www.signet.org.uk/ for further information about SIGnet. When the new site is complete, that ...
