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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.

There is more news given in the News page of our web site and more analysis of news is provided in our monthly newsletter for members – see the Newsletters page.

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Laggard ANEXO Directors say “We have done nothing wrong”

Shareholder action group call for regulatory review  Further to my previous Anexo blog, I write to highlight the Investors’ Chronicle’s most recent follow-up on Anexo from 11 September.   The key element in the article is Anexo’s on-the-record stance, which boils down to two lines:  “We have done nothing wrong.” “No regulator has raised concerns / criticised the process.”   Those two assertions go to the heart of why this warrants FT and wider media coverage. Ordinary investors (pensioners, ISA/SIPP holders, parents saving for their children) ...

Laggard TwentyFour Income Fund – A Question of Transparency

ShareSoc Writes to TwentyFour Asset Management Expressing Concerns  A member of ShareSoc/SIGnet has raised concerns regarding the transparency of the TwentyFour Income Fund. In response, we have written an open letter to the fund’s manager, TwentyFour Asset Management, and await their response with interest.  As Buffett has emphasised, before making any investment, you should understand what you are investing in. Without adequate disclosure regarding the assets held in the fund, it is impossible to gain such an understanding.   

A Regulatory Catastrophe: The FCA and the Woodford Fund Debacle

24 August 2025  The aftershocks of the collapse of the Woodford Equity Income Fund (WEIF), once a titan of the UK's retail investment scene, continue to reverberate through the financial landscape.   Six years on from the fund’s ignominious suspension, the recent levying of a £46 million fine on Neil Woodford and his firm by the Financial Conduct Authority (FCA) has done little to quell the simmering anger of hundreds of thousands of investors who saw their savings decimated.   This protracted scandal is a damning indictment ...

Laggard Dewhurst: Another Delisting on the Cheap?

Following Gusbourne and Anexo, here is another example of exploitation of minority shareholders by controlling shareholders through delisting.   The share price of the ordinary and A shares shows the dangers of dual class structures and the divergence of their share prices, as governance issues impact differently on the classes:               Source: Stockopedia  Summary of Dewhurst's Delisting and Impact on Minority Shareholders   Dewhurst Group PLC, a global manufacturer and supplier of components for the lift, transport, and keypad industries, announced its intention to delist from AIM and ...

Woodford fines announced – but no further redress for WEIF investors.

Six years after the suspension of the Woodford Equity Income Fund (WEIF) trapped 300,000 investors, and following more than five years of investigation, on 5th August 2025 the Financial Conduct Authority (FCA) finally announced its decision to fine Neil Woodford and his firm, Woodford Investment Management (WIM).   The FCA has issued fines of £5.88 million to Neil Woodford and £40 million to WIM. Both have referred the decision to the Upper Tribunal, meaning the fines have no immediate effect and may not ...

New SIGnet Groups Support Beginner and Intermediate Investors

SIGnet, a national network of individual investor groups, is excited to announce the launch of two new groups, designed specifically for those in the early stages of their investing journey. The Beginners’ Group is aimed at those who are new to investing and will cover topics such as Shares, Bonds, ISAs & SIPPs and Portfolio Diversification. No previous experience is required. The Intermediate Group is for those who are familiar with the basics, and will cover topics such as Ratios, Value & Dividend ...

Anexo – another delisting on the cheap?

Anexo Group: Analysis of the 60p Bid and Investor Reaction  Following the 22nd July 2025 announcement of a takeover offer for Anexo Group plc, this blog provides an analysis...

Press Release: Digitisation Taskforce Report

Final report is fatally flawed and could lead to shareholders losing their rights Digitisation Taskforce has failed to address its Terms of Reference City lobby’s influence outweighed shareholder interests Move to fully intermediated (nominee) shareholding system fails to protect key shareholder rights Proposed “Bill of Shareholder Rights” misses the mark Report is silent on key stewardship issues “Investor pays” access to rights will further diminish shareholder engagement Critical checks and balances are at risk   London – 22nd July 2025 ShareSoc, the UK's premier ...

The Digitisation Taskforce Final Report

Taskforce proposals miss the mark. They put shareholder activism at risk and damage corporate governance.   The Digitisation Taskforce, comprising Sir Douglas Flint, Mark Austin and, latterly Chris Horton, has at long last released its long-awaited final report. The report recommends a staged plan to completely eliminate both paper share certificates and digitised share registers, forcing all UK investors into an intermediated (nominee) system where shares are held on their behalf by financial institutions: Step 1: Eliminate paper share certificates by 2027 (via a ...

UK PLC on Sale

The Alarming Trend of Undervaluation and an Exodus from the London Stock Exchange  The recent takeover of automotive engineering firm Dowlais Group by a US competitor starkly illustrates a worrying trend plaguing the UK stock market. Yet again, a British company has been acquired for what seems to be a bargain price, underscoring a persistent failure by UK investors to recognise the value inherent in their own domestic companies.   This apathy is leaving UK PLC vulnerable to foreign takeovers and contributing to ...
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