AGM Reports

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.

If you are already a full member and are still having any difficulty accessing our reports, please contact the ShareSoc Office.


Rolls-Royce AGM Report 2017

Yesterday I attended the Rolls-Royce (RR.) Annual General Meeting in Derby. In former years they used to hold the meetings in London but it's been Nottingham and Derby the last couple of years. As a result, from talking to a few attendees it seemed to be mainly Rolls-Royce employees and retirees attending rather than the normal private investor crowd. The choice of venue may of course be deliberate so as to achieve a more sympathetic audience. But the story promoted by the ...

Alliance Trust (ATST) AGM 2017

The AGM, which was held in Dundee on Thursday 27th April, was very well attended. The formal proceeding were preceded by a short presentation from the Chairman and from Peter Michaelis, the manager who had been responsible for the Trust's portfolio until the end of March 2017, i.e. while it was still being managed by Alliance Trust Investments. There were no particular surprises in either presentation although Lord Smith did mention that Alliance Trust Savings' progress, while in the right direction, ...

Maven Income and Growth VCT 5( MIG5)

The 2017 Maven Income and Growth VCT 5 (MIG5) AGM was held on Tuesday April 25th at the Maven London offices, 1-2 Royal Exchange Buildings, London EC3V 3LF, which are conveniently located for Bank tube station. There are currently six Maven VCTs: Maven 2, 3 and 4 were formerly managed by Aberdeen Asset Management, Maven 1 was a former Murray Johnson VCT, Maven 5 was formerly Bluehone VCT and Maven 6 was formerly Talisman First Venture VCT (managed by Seymour Pierce/Cantors). Of ...

Begbies Traynor (BEG) AGM Report 2016

For only the second time in 40+ years I spoke at an AGM - this one was at Begbies Traynor. I was a few minutes late and was the only non-Begbies person there apart an elderly lady who said nothing. After holding the shares for 6 years and it going the wrong way (i.e. down from 104p to 48p or so ) I noted the following to the AGM (these figures are approximate): - The value of a share is given by the ...

Segro (SGRO)

Today I attended the 96th Annual General Meeting of Segro Plc at RSA house in central London. Segro is a REIT specialising in big box warehouses across Europe (Segro used to own office property but has now sold the last of its office space back in early 2016). An upbeat trading statement had been released yesterday, detailing that Segro had had an “excellent start to 2017, contracted £16.3 million of new rent, low 5.6% vacancy rate” although no great share price movement ...

Baronsmead Second Venture Trust (BMD)

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: http://www.baronsmeadvcts.co.uk/download.asp?id=373&v=3 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 ...

Fundsmith Equity Fund (FUEQUI)

The Annual Shareholder Meeting for holders of the Fundsmith Equity Fund was held last night (20/3/2017). Here's a brief summary of manager Terry Smith's presentation and the question/answer session (summarised or paraphrased for brevity). You should be able to watch the whole 2 hour proceedings on the Fundsmith web site soon. Terry said it was the 7th year of Fundsmith and this shareholder meeting may be the largest meeting of shareholders in the UK. Possibly 1000 attendees. It's the only meeting held ...

Foresight 1 VCT (FTV) 2017

Foresight 1 VCT (FTV) held a General Meeting on the 8th March. The purpose of the meeting was to approve share issuance to raise up to £20 million in new capital, and to approve a new performance fee for the manager (Foresight Group CI Ltd) plus a co-investment scheme. Before reporting on the meeting, let me repeat what I said about these proposals beforehand in a blog post: "The covering letter from the Chairman suggests that the VCT is "regarded as one of ...

IDOX (IDOX)

Today I attended the Annual General Meeting of Idox Plc in central London. The meeting was attended by 4 Sharesoc board members, Roger Lawson, Mike Dennis, Mark Bentley and Cliff Weight along with me and 5 other shareholders plus the usual hangers on. Idox released an upbeat in line RNS this morning which was received well by the markets, the share price ticking up 2% to near all-time highs. The Chairman Laurence Vaughan opened the meeting with an introduction of the board before ...

Watkin Jones Group (WJG) AGM 2017

Held at the offices of DLA Piper (the company’s legal adviser) in Manchester at 10:30am on 16th February. All four directors were present and around 5 private investors. Please note that this record is not verbatim, is to the best of my recollection, understanding and notes, but may contain errors. I make some comments in italics. Before the meeting, had a good chat with the chairman Grenville Turner (GT). Sensibly, he discussed the meeting format and agreed it with shareholders present, prior to commencement of the ...