It is Annual General Meetings (AGMs) galore these 2 weeks. For most of the past 18 years that I have been investing, I have given AGMs a miss. It was only in the last 2 years that I began to attend AGMs, and I find that there are valuable information that you could only get from AGMs.
For a start, very few CEOs are going to volunteer bad news in their Annual Reports or financial statements. However, some are sanguine enough to give you an honest assessment of the prospects of the business when asked. Secondly, there are experienced shareholders who have done a lot of homework before coming to AGMs. By listening to their queries, you can learn more about the business. Below are some of the information that I garnered from attending last year's AGMs.
How Bad is the Oil & Gas Slump?
MTQ is in the Oil ......