Corporate access Archive

Sep 01, 2008
AcceptedM&A activity may be at a low ebb, with western economies in the middle of a slowdown, but there are still several companies looking for bargains. IR teams at potential targets need to be on their toes because the situation - and the demands of the job - can change quickly. Such is the case at Alliance & Leicester (A&L). The UK mortgage lender has agreed a cut-price sale to Spanish bank Santander for around £1.3 bn ($2.6 b...
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Aug 01, 2008
In March 2005 the floodgates to a multi-billion-dollar pool of capital suddenly and unexpectedly burst open. That’s when the Canadian government eliminated the 30 percent cap on foreign investments by registered pension and other deferred income plans. Since then, Canadian institutions have steadily ramped up their international equity holdings. A Greenwich Associates study reveals that overseas allocations jumped from 51 percent of total equity portfolios in 2004 to 58 ...
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Jul 01, 2008
The Hotel Principe di Savoia was the perfect setting for Dresdner Kleinwort’s maiden Milanese speed investing event. Twelve tables draped in rich burgundy were laid out in a lavish room, sumptuously decorated with crystal chandeliers and hand-carved wooden paneling. Nick Seaward, the brains behind the speed-investing concept, is keen to distance the event from speed dating. ‘IROs were initially skeptical about associations with speed dating, which make speed inv...
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May 01, 2008
If you have any cash swilling around in your IR budget during these financially tight times, you might want to head down to the fair – the investor fair, that is. Because while the choppy stock market has provided its fair share of white-knuckle thrills, taking a chance on retail investors still has the potential to pay dividends. The big retail investor events are still largely confined to the US. ‘The World Money Show has run now for several years in London an...
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Apr 01, 2008
IROs in the retail sector soon began to miss the quarterly forums UK retail giant GUS used to host prior to its demerger in 2006. So much so, in fact, that Sarah Gerrand, head of IR at Kingfisher, and Majda Rainer, IRO at Marks & Spencer, decided it was high time they revived the sector-specific discussions that had lain dormant for the past year or so. After the IR retail forum’s successful comeback at the end of 2007, IR magazine and two unsuspectin...
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Jan 15, 2008
When Austrian mid-caps KTM, Palfinger and Pankl Racing Systems invited me to their investment weekend, I found myself in for a pleasant surprise. Instead of lederhosen and apple strudel, it was James Bond-style fast cars, glamour and fine wine on the agenda. While UK companies usually settle for investor day trips at best, Austrian groups tend to go that extra mile to woo investors and analysts. In this case, they went several hundreds of extra miles, to the b...
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May 01, 2007
Rising oil prices have brought increasing sums of cash flooding into the Middle East. Conscious that oil supplies will not last forever, the region is looking at alternative ways of generating value. The pool of investable wealth is impressive: with institutional assets growing rapidly, total wealth in the Arabian Gulf is estimated at around $3 tn, according to Bahrain-based investment products provider Investcorp. A substantial portion of Middle Eastern overse...
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Oct 01, 2006
While it can hardly compare to the financial centers of New York or London, the good news about Australia is that its institutions are investing more in international equities today than ever before. The trick is sussing out where the cash is and planning an efficient and, ideally, fruitful trip down under.  Australia’s pension funds are flush with cash due to the country’s compulsory pension contribution system. The government also recently launched a new pens...
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Sep 01, 2006
Q- Does any evidence exist to support the hypothesis that a company’s stock price will increase after it hires an investor relations firm to promote the stock?  A- Just for the record, when you hear an IR consulting firm using terminology like ‘promote’, you should run the other way. You should also discard the notion that an investor relations firm’s performance should be measured by the direction of its clients’ stock price/valuation. ...
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Aug 01, 2006
Q- When is the best time to visit Europe on a roadshow? We are about to embark on our first European roadshow and it doesn’t seem obvious when the key time is to meet with the buy side there. Also, is it better to engage an IR firm on the ground or simply go through the sell side?  A - One thing is for sure, I wouldn’t recommend visiting Europe during any major sporting events – especially the World Cup. They take their football very seriously there. T...
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