Attending AGMs

[kenpachi82]

Hi guys,

Anyone here had attended AGMs?
I know it sounds noob but i'm intending to attend my first one...(i'm primarily a trader, not investor, thats why...)
Just curious how's the experience, and how would they know we are shareholders? Register I/C number at the door??

 

[SpinFire]

Yeah, you need to sign in before entering, they'll check your identification document.

 

[Garlic & Butter]

you just appear at the venue, give your IC, collect some documents, then go in and seat down.

Documents incld voting slip/ device, annual report, lunch voucher etc

 

[Paul Lee]

Check to see where the companies is incorporated.

IIRC companies incorporated in some exotic countries like Bermuda and Baharmas required you to register in advance even if you are a shareholder. If you dun, you will be allowed in as observers and will not be allowed to vote on the resolutions. Many S-chips companies are incorporated in such exotic countries.

For companies incorporated in Singapore, you dun have to pre-register.

 

[Raider04]

Nothing controversial, usually all the resolutions will be passed.

 

[kenpachi82]

Thanks for all replies!
I'm going for a local company AGM.. and its not even at a hotel, so i don't think got buffet
I hold too little (miniscule) to have any say over resolutions (standard stuff anyway), just want to experience attending an AGM

 

[cheong79]

Nothing controversial, usually all the resolutions will be passed.

got free meal to eat loh.

 

[The_Davis]

the food is

(at least for the one time i went - k-reit a couple of years back)

 

[simon_84]

cmt send me agm invitation so planning to send my mum go as representative, hope the food is nice though.

 

[Garlic & Butter]

Thanks for all replies!
I'm going for a local company AGM.. and its not even at a hotel, so i don't think got buffet
I hold too little (miniscule) to have any say over resolutions (standard stuff anyway), just want to experience attending an AGM

i went for the SPH one last year.
its really a sad scene of ugly singaporeans (85% retired ah pek and aunties)

many came armed with plastic bags to tapao free newspapers home to sell
all sit behind, want to cheong buffet nia
ask all sorts of silly questions, CEO also try hard to be patient. quite waste time to hear them whispering their ""grieviences"" to the chairman.
meeting going to end, all walk out queue up for the ration, as usual start pushing their way around
left the litter everywhere. I always thought as investors, you got $ and quite civilised but no!

problem is the shareholders all retirees nothing better to do so attend AGM to occupy time and take free food keep themselves entertained

fun and novelty part is the voting process and if u manage to peep, how many shares these yaogui retired shareholders own. If you see a yonger shareholder, usually their questions makes more sense, like the one who asked about the reit.

personally, i plan to try attend AGMs from a variety of industries. but there wont be any return visits for me.. quite time consuming

 

[lzydata]

I went to the ST Engineering AGM last year. Right from the start there was a guy heckling management about antipersonnel land mines and cluster munitions. Apparently he comes every year and he asks this every year, so I am quite eager to see what happens next month

ST Kinetics makes antipersonnel landmines and cluster munitions for the SAF, and presumably the SAF still stockpiles the weapons for use. Singapore did not join the Mine Ban Treaty or Cluster Munitions Convention but it has had a moratorium on exporting them. It is a serious issue, of course, which is why it's good to have somebody make the Chairman and CEO reiterate every year that they have not exported these weapons, even if they are not the ones setting national policy.

Even if you don't give a crap about the humanitarian implications of these weapons, it is a factor that prevents some socially-conscious institutional investors from investing with ST Engineering, and more generally can generate bad publicity for the company if not handled properly.

Landmine and Cluster Munition Monitor

 

[lzydata]

i went for the SPH one last year.
its really a sad scene of ugly singaporeans (85% retired ah pek and aunties)

many came armed with plastic bags to tapao free newspapers home to sell
all sit behind, want to cheong buffet nia
ask all sorts of silly questions, CEO also try hard to be patient. quite waste time to hear them whispering their ""grieviences"" to the chairman.
meeting going to end, all walk out queue up for the ration, as usual start pushing their way around
left the litter everywhere. I always thought as investors, you got $ and quite civilised but no!

problem is the shareholders all retirees nothing better to do so attend AGM to occupy time and take free food keep themselves entertained

fun and novelty part is the voting process and if u manage to peep, how many shares these yaogui retired shareholders own. If you see a yonger shareholder, usually their questions makes more sense, like the one who asked about the reit.

personally, i plan to try attend AGMs from a variety of industries. but there wont be any return visits for me.. quite time consuming

For us young(er) shareholders, better not say "yaogui" to their faces or we will get beaten up

Actually IMO it is quite a nice retirement activity if you can afford it. There are many retiree couples at AGMs who invest together and enjoy the buffet together. But yes, fewer silly questions please.

 

[SpinFire]

I went to the ST Engineering AGM last year. Right from the start there was a guy heckling management about antipersonnel land mines and cluster munitions. Apparently he comes every year and he asks this every year, so I am quite eager to see what happens next month

ST Kinetics makes antipersonnel landmines and cluster munitions for the SAF, and presumably the SAF still stockpiles the weapons for use. Singapore did not join the Mine Ban Treaty or Cluster Munitions Convention but it has had a moratorium on exporting them. It is a serious issue, of course, which is why it's good to have somebody make the Chairman and CEO reiterate every year that they have not exported these weapons, even if they are not the ones setting national policy.

Even if you don't give a crap about the humanitarian implications of these weapons, it is a factor that prevents some socially-conscious institutional investors from investing with ST Engineering, and more generally can generate bad publicity for the company if not handled properly.

Landmine and Cluster Munition Monitor

Lol I'll attend the ST Eng one this year if I've the time. But can't think of anything to ask, perhaps about their expansion in the aerospace MRO sector.

 

[Paul Lee]

Even if you don't give a crap about the humanitarian implications of these weapons, it is a factor that prevents some socially-conscious institutional investors from investing with ST Engineering, and more generally can generate bad publicity for the company if not handled properly.

Actually I think its quite laughable that people would try to confuse social consciousness with investing. Its a slippery slope and once you are on it, then what's next?

If you personally against gambling, would you give Genting a miss even if its a fundamentally sound company? Or maybe Palm Oil companies because they are depleting the earth's resources? What about the oil companies like Shell, BP, Exxon?

The pt is all of us has our personal bias when it comes to investing. I know its hard not to let it affect your investment decision. But personal bias and social consciousness are different animals and my view is that it should not factor in.

Of cos, ultimately its your money and if you want to pursue a social conscious agenda, then its up to you. But the smart way to do it may be to take the money from ST Eng (I think its one of the few companies I know that pays out more than REITs in dividends. IIRC almost 100% of its earnings) and channeled it into some social conscious cause.

 

[Dividends Warrior]

i went for the SPH one last year.
its really a sad scene of ugly singaporeans (85% retired ah pek and aunties)

many came armed with plastic bags to tapao free newspapers home to sell
all sit behind, want to cheong buffet nia
ask all sorts of silly questions, CEO also try hard to be patient. quite waste time to hear them whispering their ""grieviences"" to the chairman.
meeting going to end, all walk out queue up for the ration, as usual start pushing their way around
left the litter everywhere. I always thought as investors, you got $ and quite civilised but no!

problem is the shareholders all retirees nothing better to do so attend AGM to occupy time and take free food keep themselves entertained

fun and novelty part is the voting process and if u manage to peep, how many shares these yaogui retired shareholders own. If you see a yonger shareholder, usually their questions makes more sense, like the one who asked about the reit.

personally, i plan to try attend AGMs from a variety of industries. but there wont be any return visits for me.. quite time consuming

I see......if that's the case, then I might consider sending my mom to sph AGM in my place.....

 

[Dividends Warrior]

I went to the ST Engineering AGM last year. Right from the start there was a guy heckling management about antipersonnel land mines and cluster munitions. Apparently he comes every year and he asks this every year, so I am quite eager to see what happens next month

ST Kinetics makes antipersonnel landmines and cluster munitions for the SAF, and presumably the SAF still stockpiles the weapons for use. Singapore did not join the Mine Ban Treaty or Cluster Munitions Convention but it has had a moratorium on exporting them. It is a serious issue, of course, which is why it's good to have somebody make the Chairman and CEO reiterate every year that they have not exported these weapons, even if they are not the ones setting national policy.

Even if you don't give a crap about the humanitarian implications of these weapons, it is a factor that prevents some socially-conscious institutional investors from investing with ST Engineering, and more generally can generate bad publicity for the company if not handled properly.

Landmine and Cluster Munition Monitor

The guy thinks st eng is stark industries.....

But ironman stop making weapons after his near death experience. He was almost killed by his own missiles.

 

[SpinFire]

I see......if that's the case, then I might consider sending my mom to sph AGM in my place.....

The SPH AGM this year will probably be dominated by questions about the REIT

 

[lzydata]

Actually I think its quite laughable that people would try to confuse social consciousness with investing. Its a slippery slope and once you are on it, then what's next?

If you personally against gambling, would you give Genting a miss even if its a fundamentally sound company? Or maybe Palm Oil companies because they are depleting the earth's resources? What about the oil companies like Shell, BP, Exxon?

The pt is all of us has our personal bias when it comes to investing. I know its hard not to let it affect your investment decision. But personal bias and social consciousness are different animals and my view is that it should not factor in.

Of cos, ultimately its your money and if you want to pursue a social conscious agenda, then its up to you. But the smart way to do it may be to take the money from ST Eng (I think its one of the few companies I know that pays out more than REITs in dividends. IIRC almost 100% of its earnings) and channeled it into some social conscious cause.

I have nothing against oil companies per se - our economies and our civilisation run on what they produce. Gambling or drinking is harmless entertainment for most people and a problem for a few and their families. So long as they can show that they are trying to act responsibly, I am fine. Heck, even gun manufacturers have redeeming arguments.

But I think you have not touched on the truly hard case. What about tobacco companies? Would you be happy to be a shareholder of a company making money off smokers and trying to find more customers for their product? Or would you just say, it's legal and these guys are adults. Good for me, too bad for them.

If it cannot be helped, like if a tobacco company is 0.5% of an index and I am invested in an index fund following that index, then yes, I can donate a corresponding amount to my favourite cause to "offset" that little bit of evil I have done. But I would draw the line at directly investing in companies like tobacco companies. As for ST Engg, I am still a shareholder because this aspect of their business is small and I believe they are acting responsibly enough with the moratorium.

Just because there is a slippery slope doesn't mean anything goes, just like you won't do literally anything for money. But I can see that everyone draws the line at different places.

 

[marandaz]

Actually I think its quite laughable that people would try to confuse social consciousness with investing. Its a slippery slope and once you are on it, then what's next?

If you personally against gambling, would you give Genting a miss even if its a fundamentally sound company? Or maybe Palm Oil companies because they are depleting the earth's resources? What about the oil companies like Shell, BP, Exxon?

The pt is all of us has our personal bias when it comes to investing. I know its hard not to let it affect your investment decision. But personal bias and social consciousness are different animals and my view is that it should not factor in.

Of cos, ultimately its your money and if you want to pursue a social conscious agenda, then its up to you. But the smart way to do it may be to take the money from ST Eng (I think its one of the few companies I know that pays out more than REITs in dividends. IIRC almost 100% of its earnings) and channeled it into some social conscious cause.

You reminded me of Sabana Reits that operates based on Islamic principle.

-> IIRC No tenants who are into alochol, gambling, etc industry
-> Debt based on Sukuk (equivalent of bonds)

 

[Dividends Warrior]

The SPH AGM this year will probably be dominated by questions about the REIT

I go ask!!!