Disclaimer: These are excerpts from student assignments conducted as part of a Corporate Finance class. The opinions represented do not necessarily agree with mine. I do not vouch for the quality of the recommendations or the accuracy of the numbers. Follow the recommendations on your own risk.
Next in #student #AGM #voting recommendations is #Severfield #AGM $SFR
#Students applaud directors for recent performance; recommend re-election #BoD #Board #CorpGov
#Students mixed about proposed authorization of #repurchases and #equity #issuance #corpfin
#Repurchases can boost share price in the short-term but perhaps #Severfield should save cash now to deal with Brexit risks
#Students point out that timing for issuing new shares not ideal, valuation seems rather low. Suggested amount seems reasonable to prevent too much dilution. #Corpfin #markettiming #valuation
Proposal | Excerpt of Student Recommendations | |
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For | Against | |
(2)Director elections. Excerpts of student recommendations |
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(3)Authority to repurchase shares |
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(4)Authority to issue shares |
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(5)Meeting notice period of 14 days |
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Link to proxy statement:
http://www.severfield.com/wp-content/uploads/2017/01/Severfield-AGM-Notice-2017.pdf