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Pay at Weir, Reckitt-Benckiser and WPP

Post Date: April 29, 2016

Yesterday saw Weir Group Plc defeated on pay. Both the Remuneration Report and Remuneration Policy resolutions were lost with 73% and 70% of votes AGAINST them respectively. This is a very damning blow to this FTSE-250 company which makes pumps for the mining and oil markets. The company subsequently issued a grovelling apologia for the proposals they had tried to implement which included a "stock awards" scheme that was based on share price performance rather than more direct performance criteria (such as ...

ShareSoc slams LSE over AIM failures

Post Date: April 27, 2016

ShareSoc slams London Stock Exchange over AIM failures - that was the title of a press release which ShareSoc has issued after the LSE Group's AGM which was held today - see https://www.sharesoc.org/pr76lseaim.html ShareSoc Director Mark Bentley spoke at the AGM and suggested that "AIM is full of dubious businesses led by dubious people". He asked them to do something about it. Perhaps the merger with the German Deutsche Boerse will mean the introduction of a more disciplined approach to some of ...

Atlantis Japan Growth Fund – Requisition to Restructure or Liquidate

Post Date: April 25, 2016

Atlantis Japan Growth Fund (AJG) is a closed end investment company (i.e. like an investment trust) focussed on small Japanese companies. It has had disappointing performance in recent years, is trading on a significant discount to asset value, has low liquidity, and is now relatively small in size. Indeed the current market capitalisation is only £54 million which many people would consider unviable, as a result it has relatively high costs (2.47% On-Going Charge according to the AIC). The fund has ...

Financial Repression Destroys Savings

Post Date: April 24, 2016

The following press release has been issued by Better Finance to its members (of which ShareSoc is one). Readers may wish to take up this matter with their Member of Parliament as the UK has certainly been following the same economic strategy as the rest of Europe as regards to interest rates and financial repression so was to relieve the Government of some of its debt. PRESS RELEASE - FINANCIAL REPRESSION DESTROYS SAVINGS: EUROPEAN SAVERS BAILED IN BY ECB 22 April 2016 - ...

Sprue Aegis (SPRP) Business Review

Post Date: April 23, 2016

The directors of Sprue Aegis have agreed to answer ShareSoc Members questions on Wednesday the 27th April following the recent trading statement (profit warning) and after the results announcement on the previous day. This event will commence at 6.00 pm and last approximately one hour. It will be at the office of Tavistock Communications at: 131 Finsbury Pavement, London, EC2A 1NT. If you plan to attend please tell us by using the ShareSoc Contact page here: Contact - mention “Sprue Aegis ...