AGM Reports
Our library contains reports on the Annual General Meetings of a large number of listed and quoted companies that our members have attended. This unique resource provides valuable insights for investors in those companies, not available anywhere else.
You will find summaries of our AGM reports on this page. You can also search for reports on a specific company, using our “Research” feature. Only full members of ShareSoc can view the full details of our AGM reports and need to login to do so. If you wish to gain access, click here to become a full member, for less than 90p/week and gain full access to our library of hundreds of AGM reports, as well as other member benefits.
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Vicorp Group was an AIM company which delisted in 2009. It is a good example of what can happen in small private companies (although in this case it remained a “Plc”) when investors lose interest and the shareholder base is fragmented – those investing in “crowdfunded” start-ups should bear this case in mind. Since 2009 it has become a typical “zombie” technology business – going nowhere fast and unable to attract new financing, effectively living “hand to mouth” and no doubt ...
Held on 24/10/2013 at Queen Elizabeth II Conference Centre, Victoria, London SW1
The writer attended the AGM on 24/10/13. No problem registering ahead of the 11 am start. The AGM closed at around 1.30 pm when refreshments were served.
BHP Billiton plc is a leading global resources company and amongst the world’s top producers of major commodities with a market cap of US$147.1 billion and a workforce of 128,800 employees in 26 countries. The company’s shares are listed on the Australian Securities Exchange ...
Ideagen is a software company that specialises in compliance solutions, document management, workflow and clinical solutions. Indeed the last seems to be becoming a major focus of the company following recent acquisitions with major sales activity focussed on the NHS (see later). They operate a “buy and build” model, trying to grow organic revenue and make complementary business purchases. At the AGM on the 29th October 2013, there seemed to only be about 4 ordinary shareholders present at the offices of ...
Today I attended the Annual General Meeting of Monitise PLC in Holborn Gate, London. The meeting was well attended with over 40 shareholders present.
Monitise’s business revolves around “Mobile Money solutions” which basically means the use of a mobile phone to bank anywhere, pay anyone and buy anything. Monitise has a global reach with offices in the UK, USA, India and Asia Pacific (an RNS was released today, indicating that Monitise had taken full ownership of its Asia Pacific Joint Venture).
Some numbers ...
ILX held an EGM to approve the reverse takeover of the new CEO’s Australian interests. This will give his Concert Party 86% of the equity and dilutes existing independent ILX holders down to 14% of the equity.
Background.
ILX is a training company, quoted on AIM for years. They train via presentations, apps and online, mainly in project management. After some disastrous acquisitions, training stopping dead in the City, a bit of debt and excessive Director Pay ( paid £4.7m over ten years, ...
Written ten days after the AGM and I am going unapologetically to plagiarise someone else’s report.
SCE makes ceramic brakes. They cost a fortune (c£10,000 a pair) and the business model relies on custom fit, super car application; followed by retrofit up-grade; followed by top-end model adoption; followed by affordable rollout lower down the range of an OEM. SCE has never got beyond stage 1, has never really sold any brakes, and for ten years has been talking of “game changers”, including ...
Today I attended the Annual General Meeting of Standard Life UK Smaller Companies (SLS) an investment trust where the fund is managed by Harry Nimmo. It was on the 34th Floor of the “Gherkin” building in the City of London – almost as good as view as from the top of the Shard which I visited recently, and free in this case. They should have advertised the view because only about 20 shareholders were present which was disappointing as this was ...
This report is on City of London Investment Group’s Annual General Meeting which took place today – not to be confused with other “City of London” companies of course. CLIG is an investment manager that focuses on the emerging market sector (95% of funds under management) and specifically on “closed end” funds.
As with the company on which I last wrote a blog post (Carpetright), there are major succession problems arising from the presence of long-standing and dominant executives who are becoming ...
I attended the Annual General Meeting of Victoria yesterday in Kidderminster. This carpet manufacturer was the scene of a battle last year between major shareholders who wanted to change the board, and the “old guard”. The former eventually won after a series of general meetings. You can read the full story in various press releases that ShareSoc issued at the time, plus reports on previous meetings on this page.
Apart from the depressed state of the retail carpet sector, the wholly unnecessary ...
A number of us had met PCF at the offices of Daniel Stewart early in 2013. The MELLO/Sharesoc group preferred OPM and that share price has moved significantly. I hold a few PCF instead. I have been in touch with them constantly and this was my first chance to meet the rest of the Board and the Bank of Bermuda nominee. I was the only shareholder present. They were very happy to answer 30 mins of my questions.
They had put out ...
