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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Telecom Plus PLC (TEM) AGM Report 2012

Telecom Plus Plc, which trades as the Utility Warehouse, provides a range of services to households and SMEs giving clients the convenience of a single monthly bill combined with savings on the cost of their utilities. Telecom Plus posted pre-tax profits up 12% to £30.7m on revenue up 12.6% giving earnings per share for the year of 33.8p. The share price is up at 858p which is a rise of 27% over the year; although interestingly after a broker downgrade today ...

Ortus VCT (ORT)AGM Report 2012

Ortus VCT is a Venture Capital Trust which started life back in 1995 as Guinness Flight VCT and subsequently merged with Gateway VCT. The company got into severe financial difficulties due to poor investment selection and investment management was taken over by Maven Capital Partners a couple of years ago. Maven have been gradually selling off the legacy investments and refocusing the portfolio on profitable small companies as with their other VCTs. This is still a “work in progress” though. There were 6 shareholders who attended the ...

GB Group (GBG) AGM Report 2012

On the 9th July I travelled to Chester for the Annual General Meeting of GB Group. Their offices are in a modern business park in the suburbs of Chester. There were only two ordinary shareholders present (including me) and I gather that was not untypical. GB Group are in the identity management business. Overall revenue last year was £32m of which £13m came from “data authentication” (basically personal identity verification services) and £19m from “data solutions” which provides identity capture and analysis. ...

Software Radio Technology (SRT) AGM Report – the Directors think the shares are good value!

On the 6th July I drove through the Somerset countryside to reach the AGM of Software Radio Technology (SRT) – got lost on the way taking a short cut to avoid Bath, but that’s a different story. This company produces AIS marine electronics and has been covered in past ShareSoc newsletters (not always particularly positively after the profit warning before the end of the financial year when instead of meeting the sales forecast of “between £10m and £16m” it turned out ...

Business Control Solutions (BCS) AGM Report – A satisfactory outcome from an AIM delisting

I wouldn’t normally report on unlisted companies, but Business Control Solutions was an AIM company (EPIC code BCT) that delisted in 2009. I recently attended their AGM in the City of London and they have another General Meeting coming up in a couple of weeks time to approve a further share consolidation (they had one in 2010 also). The history of my investment in this company is that it was acquired by Brewin Dolphin as part of an EIS portfolio they managed ...

Sea Energy (SEA) AGM Report 2012

The company has advised that it is returning 10p \ share in a tender offer (details in July), owns c 25% of Lansdown Oil & Gas c 13p\s and still has £14m cash c 20p\s, SP is 27p, Qn; invest in unproven ventures or liquidate? David Sigsworth, chairman, invited questions following the formal business and presentation, John Aldersley-Williams CEO, lives nr Aberdeen, been in the North Sea O&G (supply) industry for many yrs, went through the presentation and answered most of the questions; J ...

Anglo Asian plc (AAZ) AGM Report 2012

DISCLAIMER: All views expressed are those of the author, who accepts no responsibility for any errors and is not authorised to give investment advice. Do not rely on this report when making investment decisions. This was an excellent AGM with the board of directors of Anglo Asian (LSE:AAZ) being happy to discuss a wide range of issues raised by shareholders. The mood was very upbeat. I attended the meeting with the three shareholders who joined a trip I organised in May 2011 ...

Amati VCT 2 PLC (AMAT) AGM Report 2012

Amati VCT 2 Plc is a Venture Capital Trust that was formed in March 2011 from the merger with Invesco Perpetual AIM VCT Plc. It had previously been the result of a merger of the Singer & Friedlander AIM VCTs, subsequently renamed Victory VCT and then Amati after the latter took over the fund management. There was also a share consolidation which rebased the net asset value to nearer 100p and which concealed the poor past performance for the uninitiated, and ...

Coastal Energy (CEO) AGM Report 2012

Due to time constraints, this report is largely in note form and assumes familiarity with investing in the oil & gas sector. Jargon is not generally explained. Some familiarity with Coastal’s properties is also assumed. See the annual report for details. Do not hesitate to ask if you would like clarification or explanation of any particular points. This report is divided into: Facts and figures on the company Information about the AGM venue and conduct Report on verbal statements from management and related shareholder ...

Morrisons (MRW) AGM Report 2012

This was held at 11:00 at the company's new HQ in an out-of-the way part of Bradford a couple of miles from the city centre. I imagine they got all sorts of grants to develop this brownfield site. The result (owned outright, as is their way) is an impressive part of their estate. Hoping for a coffee and a chat with someone I arrived early. No such luck, I was ushered to a seat and had to wait out the time. I ...