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RBS Shareholder Event Tuesday 10 September 2019, 6pm – 8pm in London.

Post Date: August 6, 2019
I am very pleased to report progress at RBS on shareholder engagement with individual investors. The next event will take place on Tuesday 10 September 2019, 6pm – 8pm in London. If you are interested in attending this event please email your full name, postcode and Shareholder Reference Number (if known) to rbseventlondon@computershare.co.uk by Friday 23 August 2019. On the 25 November 2019 RBS are planning a virtual shareholder event. Further information regarding this event and how to participate will be made available soon. I ...
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FRC Enforcement of its Rules

Post Date: August 6, 2019
by Cliff Weight, ShareSoc Director Very belatedly, the FRC has substantially increased tough action to tackle poor quality audit. To me, these were the key words which showed that for the last ten years the FRC had dreadfully understaffed this activity - "The Enforcement Division has grown significantly in recent years reflecting the FRC’s investment in what has become recognised as one of the organisation’s key functions. A decade ago the team comprised just six members. By 31 March 2019 it had been expanded to ...
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Albion Venture Capital VCT Blog number 2

Post Date: August 2, 2019
Albion want to change the performance fee from the current arrangement (1.9% management fee, plus 8% of returns over a hurdle rate of 5% per annum with a high-water mark) to 20% of returns above a hurdle of RPI +2%p.a., from a new starting point of NAV at 1 April 2019. ShareSoc recommends shareholders vote against this proposal and other resolutions at the AGM on 21 August. 1.9% plus 20% is egregious, particularly when: it represents an increase from historically agreed arrangements and  ...
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IQE, The Long and the Short of IQE?

Post Date: August 1, 2019
I see that T Rowe Price now owns 17% of IQE, but has lent out 4.75%. The amount it has lent out reduced from 5% to 4.75% on 25 July 2019. see https://www.voxmarkets.co.uk/rns/announcement/6f11c0e6-1401-419b-b9c5-e19356c177fc/ On 24 July, Coltrane Asset Management, L.P. increased its short position from 4.10% to 4.33%. So will someone who is short be squeezed, as you cannot short a stock unless someone agrees to lend the share? I read this as T Rowe is a long term holder of IQE, but happy ...
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Brexit Investment Strategies

Post Date: August 1, 2019
Investors may have noticed that the pound is in free fall and heading towards US$1.20. That’s near the low after the initial Brexit vote. Pundits, not that they can be relied on for forex forecasts, suggest it could go lower now that we seem to be heading for a “no-deal” Brexit. With the pound falling, and potential damage to the UK economy from a hard Brexit, investors should surely have been avoiding companies reliant on UK sales, or UK consumers, or those ...
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