3 big-name shares to watch this week

In another big week of AGM's, here's three companies to look out for…

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It's set to be another big week of AGMs.

Here are some companies to look out for.

Lynas Corporation Ltd (ASX: LYC)

We can expect smiles all around when Lynas holds its AGM in Sydney on Tuesday.

The rare earths mining company has seen its share price go from 6.5 cents a year ago to today's price of 20.5 cents, representing a gain of more than 200 per cent.

Lynas, with a market cap of about $1.12 billion, reported that it had achieved record total sales revenue after commission for financial (FY) 2017 of $257 million, up from the $191 million it reported for FY 2016.

Lynas said the increase in revenue reflected a boost in production volumes and "continuing strong relationships with strategic customers in Japan and China".

SEEK Limited (ASX: SEK)

Seek is another big name to hold its AGM this week and its unlikely shareholders will have too many complaints in Melbourne on Wednesday given the company's FY 2017 performance.

Shareholders have enjoyed an increase in dividend payments and a boost in the company's share price over the past year of about 28 per cent.

Seek, with a market value of around $6.7 billion, reported a profit of $362 million for FY 2017.

The digital job advertiser is currently forecasting EBITDA growth of 10 per cent in FY 2018.

But, amid significant investments, net profit looks set to drop to between $220 million and $230 million for FY 2018.

Bank of Queensland Limited (ASX: BOQ)

It's been a bit of a rollercoaster ride this year for Bank of Queensland shareholders but overall the bank's share price has gained more than 10 per cent over the past 12 months.

The Bank of Queensland, with a market cap of about $4.94 billion, is set to hold its AGM in Brisbane on Thursday.

The bank reported a profit before tax of $352 million, up 4 per cent on the previous year, and reported a year-on-year improvement on its return on equity, bringing it to 10.4 per cent.

Motley Fool contributor Steve Holland has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. 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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