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It Pays to Take Note of Shorters

Post Date: July 5, 2020

An article by ShareSoc member Michael Taylor In light of the recent Burford Capital judgement that my friend Paul de Gruchy has written about in detail here, this has led to much debate about shorting, some of which I hope to add to here in this article. Is shorting bad? Yes and no. It can be. A broker who goes short on a stock then offers to conduct an equity placing for the same company in order to close their position is clearly blatant ...

RBS Virtual Shareholder Event, Thursday 16 July 2020

Post Date: July 4, 2020

I am looking forward to this virtual shareholder event and have registered. RBS had a closed AGM (due to Covid) and promised this event for retail shareholders so they could ask the questions they would have liked to have asked at the AGM. Now is your chance to listen to RBS management and ask your questions. To secure your place, please register by 10th July here if you know your SRN (shareholder registration number which you can find on your share certificate). You will then receive a confirmation ...

Redcentric: Unprecedented Progress for Shareholders – At Last

Post Date: June 29, 2020

Two Cheers for the FCA in the Case of Redcentric Two cheers for the FCA: they have achieved a positive outcome for shareholders affected by the case, and have been pragmatic, albeit after a very long time. It is also good to see the other objective of our campaign potentially achieved - of prosecuting individuals for their alleged misdemeanors. Such actions are essential to deter others from criminal activity. Background Redcentric has been an extraordinary case. They key issues at the time when serious ...

Electronic AGMs and Voting

Post Date: June 25, 2020

Several companies in which I hold shares are proposing to adopt new Articles of Association at their Annual General Meetings. These typically are amended to enable the holding of “virtual”, i.e. electronic ones, or “hybrid” meetings where a physical venue (or multiple ones) are also used. They can do that legally at present under the emergency regulations put in place by the Government but they are clearly anticipating a more common use of such capabilities now that everyone is more practised ...

Learning Technologies and Ten Entertainment AGMs

Post Date: June 19, 2020

I “attended” the on-line Annual General Meeting of Learning Technologies Group (LTG) today. Full members of ShareSoc can find my report on that meeting here: https://www.sharesoc.org/agm-reports/learning-technologies-agm-report-2020/ Another recent AGM of an AIM company was that of bowling alley operator Ten Entertainment (TEG) for which I hold all of 50 shares. I sold almost all my holding before they had to close all their venues. This was another company that did a placing recently but it is hardly surprising in this case that ...