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ShareSoc Masterclass in Manchester

After our very successful Masterclass events in London and Peterborough, we have now scheduled a similar event in Altrincham (near Manchester) for the 11th June. Our Masterclasses are designed to offer an entertaining and educational experience for investors. They enable you to learn from proven experts on how to make money in the stock market (or avoid losing it)! Our panel will consist of ISA millionaire Leon Boros, Keith Ashworth-Lord, manager of the ConBrio Sanford DeLand UK Buffettology Fund, Stockopedia CEO Edward Page-Croft and Roger ...

Tesco Results and Elementis AGM

Tesco (TSCO) and Elementis (ELM) - two very different companies. The first announced their preliminary results this morning, and the second held their AGM today which I attended. The opening line of the Tesco announcement says  it all: "It's has been a very difficult year for Tesco". Although it said like-for-like sales volumes were up for the first time in four years, the rest of the commentary was pretty negative and of course there will be no final dividend. Debts are rising, pension ...

Change at the top at Rolls-Royce

Rolls-Royce (RR.) have announced the abrupt departure of CEO John Rishton, although apparently it was his desire to retire and "have a change of lifestyle" that prompted this rather than pressure from the board or from shareholders. It would appear he may not have been enjoying the job of late. After the dismal last set of results it is not a surprise. I commented then (in February) by saying "My view: it may be a great business with great products but ...

Why Share Certificates are Dangerous and We Need a New System

The national press have covered the story of Deryn and Derek Hemment who face a demand for £25,000 from Capita to replace lost share certificates. They held shares in Compass Group worth £1.5 million and Capita posted them new certificates via second class post. But they never arrived and cannot be traced. Capita says it's not their problem because their terms and conditions make it clear that certificates are sent at the recipients risk. Capita appear to have been acting as ...

Governance in Investment Trusts – Alliance Trust, Baronsmead VCT 3 and the Core VCTs

The battle for the soul of Alliance Trust continues - or so their Chairman would have it. But even institutional proxy advisors ISS and PIRC have now come out in support of Elliott Advisors and their resolutions to appoint three new directors at the AGM on the 29th April. Alliance have said they are looking for a new truly independent non-executive director, but will they be anyone who is likely to disagree with the existing board or take a contrary view? ...