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AGMs – a great webinar from CSFI

I think you will find this well worth listening to. It is 46 mins. It is a bit technical, so educational for some ShareSoc members and intellectually stimulating for others. CLICK HERE TO WATCH The CSFI has produced a new discussion, titled 'Virtual AGMs: just the start of overdue changes in the way companies communicate with shareholders' Why you should watch: Technology has made it easier to run virtual AGMs, but barriers remain between the end investor – especially in pooled accounts – and ...

Babcock Price Fall, Segro Placing, TR Property

I said in a previous blog post “that I tend to avoid FTSE-100 companies as their share prices are driven by professional analysts’ comments, by geo-political concerns, by general economic trends and by commodity prices. You can buy a FTSE-100 company and soon find it’s going downhill because one influential analyst has decided its prospects are not as they previously thought”. Indeed that is exactly what happened after I made a recent purchase of Babcock International (BAB). Soon after, Shore Capital Markets ...

Market Trends, Big Miners and Will the Music Stop?

Stock markets continue to rise. They seem to be ignoring the bad company results that are going to come out in the next few months. Although there are signs that the Covid-19 epidemic is weakening, some sectors such as hospitality are going to be in lock-down for some time. The economy is clearly going into recession with many employees being laid off. The lack of consumer spending, not just because some people have less money to spend, but because others are ...

More on Placings – AVACTA

AVACTA (AVCT) has seen its share price rise from 100p on May 13 to 200p and then decline to 140p. I feel sorry for those investors who bought at around 200p. The sharp decline in the share price (20p on Tuesday and 20p on Wednesday) could be evidence that this deal has leaked. Source: Interactive Investor The £25m placing price is 120p, so the fact that the share price is staying stable today at 140p (at 09.48 as I write) suggests, in my  opinion, ...

Fund Charges and Transaction Costs

In 2015-2017, the FCA reviewed and consulted on the asset management industry and one of its key recommendations was greater clarity on charges. Chris Sier was appointed to make recommendations on how this should be done. His focus was on pension funds and the costs they incurred from their fund managers. Today, I saw a LinkedIn post by Chris, which I found illuminating and contains links to two further articles, for those who are interested in this area. Chris, who was ...