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.

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National Grid (NG.) AGM Report 2015 – The Lights Should Stay On

I attended the National Grid Annual General Meeting in Birmingham on the 21st July. Unfortunately I was not allowed to ask a question as the organisation that I was representing as a proxy put my son's name on it rather than mine so I was only allowed in as a "guest". It was not a particularly exciting event this year. Not a single shareholder complained about the outrageously high pay of the executive directors (£4.8 million for the CEO and £3.2 ...

TR Property Trust (TRY) AGM Report 2015

The AGM at the RAC on 21 July was well attended; there is a good lunch. The formal part of the business was over in about 17 minutes after which the Manager, Marcus Phayre-Mudge, made his generally optimistic presentation. The Chairman stopped questions dead on 1 pm even though the lady with the mike was standing at my side ready for me to ask my question. Following my correspondence with her last year (reported in Informer) I asked the Chairman why the ...

ATLANTIS RESOURCES (ARL) AGM Report 2015

AGM held on 24th June 2015 at the offices of Ashurst LLP, 5 Appold Street, London EC2A 2HA www.atlantisresourcesltd.com Share price 42p There were around 20 attendees with only a few shareholders as several attendees were from Ashurst LLP the company’s lawyers and several from their Broker Peel Hunt. Atlantis is a global leader in the tidal power sector which listed on AIM in June 2014 at 86p. The company is focused on two core businesses: The development of tidal energy generation projects such as MeyGen The supply ...

Maven Income & Growth VCT (MIG1) AGM Report 2015

Maven Income & Growth VCT is one of the better performing Venture Capital Trusts with a reasonable cost structure (fees and expenses of 2.6% as a percentage of net assets). It was originally named Murray VCT4. NAV Total Return was up 4.3% last year. Dividend yield was 9.3% at the year end and such dividends are of course tax free which is now particularly useful with the new rules coming in on dividend taxation announced in the Chancellors Budget on the ...

NewRiver Retail Ltd (NRR) AGM Report 2015.

NewRiver Retail Limited held its annual general meeting yesterday at the offices of Eversheds LLP in central London. The company is a specialist REIT focused on the UK retail market and in the five years it has been operating, NewRiver has become the third largest owner/manager of retail real estate. Some financial highlights are as follows: EPRA adjusted profit up 120%, EPRA adjusted earnings per share up 20%, NAV up 10% and the dividend was increased to 17p, giving a yield of ...

Globo (GBO) AGM Report 2015 – it’s a Big Day

What better day to go to the Annual General Meeting of a Greek company (Globo Plc - GBO) than the day that Greece closed its banks and stock exchange for as long as a week? At least it used to be a Greek company and although it still has a lot of software development staff in Greece most of its operations are now in the rest of the world. Indeed it has ambitions to be a major global business based on ...

Graphite Enterprise Trust Plc (ICGT) AGM Report 2015

Graphite Enterprise Trust Plc held its annual general meeting on the 11th June at the Westbury Hotel in the West End of London. The company has a strategy of investing in European mid-market buy-outs either via its in house funds, or via third party funds (essentially the latter makes Graphite a fund of funds). There were approximately 30 investors present. I will concentrate on the full year figures from Graphite as, although we did have a trading update released at lunch (the ...

Sprue Aegis (FA.) AGM Report 2015

Sprue Aegis held their Annual General Meeting today at the offices of Westhouse Securities (their Nomad) in the City of London. On the 20th Floor with external glass lifts - not ideal for anyone with "high anxiety" as experienced by some shareholders. But there seemed to be few anxieties among shareholders about this company. The business is "One of Europe's leading designers and suppliers of smoke and CO detectors" to quote from the presentation given to shareholders. With revenue up 36% last ...

Foresight VCT Plc (FTV) AGM Report 2015

Yesterday, the 28th May 2015 I attended the annual general meeting of Foresight VCT in Foresights offices on the 17th floor of the Shard (one wonders how high the rent is) in central London. A few headline statistics for Foresight as at year end are as follows: current yield 7%, Nav up 8% on 2013 from the ordinary share class, Nav down 12% on the planned exit share class, Nav approx level on the infrastructure share class (no, I don’t know ...

Judges Scientific (JDG) AGM Report 2015

The Annual General Meeting of Judges Scientific Plc (JDG) took place on May 27th at the Landsdowne Club in the West End of London. This company has grown primarily by acquisition in the last few years, mainly by taking over companies operating in the scientific instrument field and often where the existing owners were looking to retire. Cash generated from operations has been used to pay down debt taken on board to finance these acquisitions, and with a high return on ...