There are more big AGMs set to be held this week. And many shareholders will be looking for answers following some average performances.
Tatts Group Limited (ASX: TTS)
The Tatts Group Limited share price has been all over the place this year and is trading at around $4.52, still shy of the $4.61 the company’s stock was trading at in January.
Shareholders will be looking for signs the company can turn things around when it holds its AGM in Brisbane on Tuesday.
Reece Ltd (ASX: REH)
The Reece Ltd share price has been performing well over the past few months, gaining close to 20 per cent since August and is now trading for about $47.15.
The plumbing supplier is set to hold an extraordinary general meeting on Thursday where shareholders are expected to vote on a share split.
Reece is seeking to subdivide each share into 5 shares.
Reece said the split will benefit shareholders by “increasing the liquidity and affordability to retail investors”.
Orica Ltd (ASX: ORI)
The Orica Ltd share price came crashing down in November, dropping from $21.37 to $17 over the month, but has somewhat recovered since and is now trading at about $18.78.
The share price plunge coincided with the company’s release of its full-year results which showed revenue had dropped slightly.
Orica’s AGM is set to be held in Melbourne on Friday.
BTT Investment Management Ltd (ASX: BTT)
The BTT AGM is another where shareholders will likely be looking for answers.
BTT shares were trading at just under $13 in May but are now going for $10.72.
BTT is scheduled to hold its AGM in Sydney on Friday.
National Australia Bank Ltd. (ASX: NAB)
The National Australia Bank share price has been tumbling over the last couple of months, going from $32.88 in November to its current price of $29.84, as the bank faces scrutiny over its questionable past practices.
As such the company’s directors are unlikely to be greeted by an enthusiastic audience at the Darling Harbour Theatre in Sydney, where NAB is due to hold its AGM on Friday.
Motley Fool contributor Steve Holland has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of National Australia Bank Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
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