If you hold but the one share in a company then you get to attend the AGM.
The Young’s Brewery one was reputed to be a good one. 5 minute speech from the Colonel or whoever was the patriarch and chairman, then “The lads have brewed up some special for us all to try, see you at the back” and the party started. Or so it is said.
Even to the point that one of the perks of Blue Buttons was to be sent off to a few AGMs using the stockjobber’s trading stock as the entrance fee.
It’s also true that now it’s possible to buy stock online and so size isn’t so much of an issue. One can buy one share when in the past you might be significantly encouraged to only buy in an economic lot. And on at least some platforms there is now no commission to pay, so buying very small lots doesn’t carry a minimum fee.
On the other hand, the process of getting registered as the actual – rather than through a nominee – owner seems to have changed.
At which point – what are AGMs usually like in terms of lunch? Or freebies handed out to those who attend? Are you lucky to gain a glass of tap water? Or are there always at least sarnies and a glass of something cooling?
The thought being, well, does spending £10 on the one share mean you get a reasonable lunch every year, if you actually attend?
So, peeps who have in fact attended AGMs. What’s the junket like. And please no, not about Berkshire Hathaway, I know about Woodstock for capitalists. The question is, the average listed stock, whadda ya get for turning up to hear the FD whining about interest rates?