Today (1/2/2023) I attended the two Baronsmead VCT AGMs (BMD and BVT) via a Zoom webinar, partly because of the train strikes today but partly because I did not expect any momentous events or questions to take place, and so it turned out. But they did get a number of shareholders attending in person despite the train strikes.
However despite me registering for the event some weeks ago I did not receive a zoom invite and had to chase that up just ...
The Baronsmead 2nd Venture Trust AGM was held on Thursday (March 23rd) commencing at 10:00 am at Saddlers Hall, 40 Gutter Lane, London EC2V 6BR. There were probably around 30 – 40 shareholders in attendance.
The annual report for the year ending September 30th 2016 is here:
The AGM for Baronsmead (1st) Venture trust AGM had been held in February. It had not run smoothly, with the management and the Directors unprepared for some of the questions and comments arising during the Q&A ...
The Annual General Meeting of Baronsmead VCT 3 took place at Saddler's Hall in the City of London
on the 16th April. There were about 30 shareholders in attendance initially although more drifted in
later, perhaps because the start time was a bit early for some at 10.15 am. This is of course one of
the series of Baronsmead VCTs where I have raised concerns about corporate governance in the past
‐ more on that below. But they generally have performed very well, particularly in ...
The Annual General Meeting of Baronsmead VCT 3 (BMD) was held on the 14th April 2014,
commencing at 10.30 am. This company is one of the better performing and well managed VCTs,
being one of a long established stable of VCTs managed by ISIS.
Let's cover the good things first. Total return (net assets plus dividends) over the thirteen years
since the company was founded is 6.1% per annum. Net asset value per share increased by 12.9%
last year, partly due to improvement in the AIM ...
This report covers the Annual General Meetings of Baronsmead VCT 1 (the
original VCT of the family) and Baronsmead VCT 2 which were combined
together on the same day on the 18th December 2013. Both companies are
managed by ISIS of course. The meetings were at the Plaisterers' Hall on
London Wall in the City commencing at 10.30 am.
The AGM of Baronsmead VCT 2 was taken first, chaired by long-standing
Chairman Clive Parritt who was first appointed to the board in 1998 and has
been Chairman so ...
Investment manager ISIS look after a number of investment trust VCT funds under the Baronsmead brand - 5 in total that have raised funds at different times in the past. They tend to have overlapping portfolios (i.e. common stock holdings in different companies, and in some cases common directors although that is not ideal as it prejudices their independence). Baronsmead 5’s portfolio is slightly different though in that originally it was an “AIM” VCT (i.e. invested primarily in AIM listed companies), ...