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MyShares: New app tracks AGMs and dividends

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3rd Jun 2013
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Stock market watchers and accountants who want mobile access to dividend payout information are being lured by a new mobile app that tracks announcements from companies listed on the London Stock Exchange.

Developed by ProxyCensus, an umbrella organisation for a number of international shareholder action groups, MyShares is available both from Apple’s iTunes and Google’s Android app stores for €5.49. The app grew out of the organisation’s work to co-ordinate shareholder activity at listed companies’ general meetings

The app lists the times, dates and locations of companies’ AGMs and makes accompanying documentation available to users via their smartphones and tablets. As an additional service, MyShares users can also get an analysis of contentious items from Manifest, a UK-based proxy voting agency and corporate governance monitor that belongs to the ProxyCensus network.

Perhaps of most use to accountants, however, is a feed of dividends awards, with a tool to calculate the gross amounts paid to shareholders according to the number of shares entered into the app. ProxyCensus managing director Miguel Carrasco, who helped develop MyShares, told AccountingWEB: “The app was developed for retail shareholders. If you have 2-3 investments or more it can help you keep track of them. The app gathers the information all in one place, saving you the time it takes to hunt around their different websites.”

The proxy voting analyses from Manifest cost £4.99 in online credits, but Carrasco says this price is much less than the hundreds paid by institutional investors for similar reports.

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By trecar
06th Jun 2013 14:29

Android version

Bought the app and it does show promise. However, some of the items claimed in the article and the app blurb do not seem to be present. Perhaps they are in the Apple version! The dividends are presented as a total for the year and the only date shown in meeting information is the record date. The tool to calculate gross amounts according to number of shares was not present. All in all the android version only delivers part of the promise, but at only 99p I'm not going to kick up a fuss as the rest is useful.

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