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Seminar on Woodford Legal Case

Post Date: December 19, 2020

Yesterday evening I attended a webinar hosted by ShareSoc on a proposed legal action over the substantial losses suffered by investors in the Woodford Equity Income Fund (WEIF). It was chaired by Mark Northway and Cliff Weight with other speakers being Boz Michaelowska from legal firm Leigh Day and David Ricketts. The latter is a financial journalist who has written a book entitled “When the Fund Stops” which covers the past events at the Woodford funds and which will be published ...

Update #13
ShareSoc Sirius Shareholders’ Group (SSSG)
SiriusClaim (www.SiriusClaim.com)
15th December 2020

Post Date: December 16, 2020

On 8th of December we (ShareSoc and Sirius Claim Group) held a webinar to provide a progress update. The event was very well attended. There were 258 registrants and over 200 attended on the night. Links to the video of the webinar are here and copies of the slides here for those who were unable to attend. There were a good number of questions and answers at the end. If we were unable to answer your question during the event we will ...

Strategic Equity Capital update

Post Date: December 8, 2020

by Cliff Weight, ShareSoc Director Please note the views expressed in this blog are my personal ones. I hold shares in SEC and Gresham House. Within 6 months of manager change and change of lead fund manager and break on SLA marketing JV, the largest shareholder puts stock into hands of an arb. What will happen next? The background is in my 2 previous blogs: https://www.sharesoc.org/blog/collective-investments/investment-trust-discounts-what-to-do-about-them-and-sec-example/ https://www.sharesoc.org/blog/collective-investments/nearly-20-vote-against-strategic-equity-capitalsec-agm-resolution/ RIT recently sold its 13% holding in SEC at a discount, of 22.8% - 9.47m shares traded at 202.5p on17th ...

Invinity Open Offer, Ideagen, and AJ Bell Results

Post Date: December 3, 2020

I have recently taken a strong interest in those shares that are involved in electrification of the world. It’s not just the UK Prime Minister who wants to save the world from global warming and air pollution with Joe Biden likely to be much more environmentally conscious than Donald Trump. Those companies or trusts that are involved in alternative energy sources such as wind and solar, and systems to manage the fluctuations they impose on the grid, are of particular interest. One ...

FRC Seminars, Lookers Results, Caparo Judgement and Autonomy Case

Post Date: November 26, 2020

I attended two seminars organised by ShareSoc and UKSA with the Financial Reporting Council (FRC) yesterday (24/11/2020) and the day before. The first session was about the “ARGA transformation”, i.e. the steps being taken to improve the audits of companies and the reporting of accounts following the Kingman review two years ago. ARGA stands for Audit, Reporting and Governance Authority which will be the new name for the FRC. Before reporting on the meeting, it’s worth noting the latest example of how ...