ESG Archive

Nov 01, 1995
Nor does the fact that small cap investors have mushroomed from a short list of specialist fund management firms and boutiques to a group that now encompasses small cap portfolios within virtually all the leading institutions as well. Their growing numbers just make the task of identifying the most appropriate targets for any single company more taxing. Nevertheless, the opportunities for telling a small cap story are probably as good as they have ever been. In the f...
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Nov 01, 1995
It's not often that you'll find a company ordering its shareholders to sell their stock. When that company has just had leading investment banks running round the globe flogging its shares to potential investors, the idea becomes even more bizarre. And when you see the disgruntled investors eagerly snapping up synthetic shares developed by the banks which had waved the original version in front of them, you begin to think there's something seriously weird going on. E...
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Nov 01, 1995
The cover story in this issue of Investor Relations focuses on the current takeover fever in the media industry; another article looks at career prospects for investor relations officers. Two quite separate subjects? Or do they bear some relation to each other? Of course, takeovers can have an impact on an IRO's career. After all, any crisis offers an opportunity for those involved to display their strategic and tactical prowess, as well as their ability to rem...
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Nov 01, 1995
Ericsson shareholders got the first inkling of a huge capital increase in the company's half-year report. CEO Lars Ramqvist described an extensive restructuring, with an increased need for working capital, during a rapid growth phase. Moreover, new telecoms players need help with financing. Against this backdrop, Ramqvist proposed a capital increase, and shareholders voted in September to strengthen the balance sheet with a $1 bn rights issue to close in October - th...
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Nov 01, 1995
New York-based IR firm Georgeson & Co has introduced its SynerG shareholder base management software into the UK. Designed in-house, the program draws on proprietary databases and external data feeds to provide current and historical ownership data on your screen. It currently covers 1,200 institutional profiles in the UK, continental Europe and the US, giving the time-starved IRO ready access to investment criteria, ownership trends and voting policies. The syst...
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Nov 01, 1995
From their Wall Street bastions, US rating agencies maintain a vigil over the financial landscape, alert to the smallest change. The likes of S&P, Moody's and Duff & Phelps Credit Rating Co strive to provide investors with high quality, objective, analytical information. For those individuals concerned with debt investor relations - and therefore interested in influencing rating agencies - understanding their inner workings is critical. A good presentat...
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Nov 01, 1995
'Cheers' said Hugh, raising his glass. 'Or should that still be Sant at this point?' Everyone on the Paris to London train felt obliged to mark the moment that it entered the tunnel. In time, I suppose, people will become blas about it. But for now travelling under the Channel remains a wonder, even for frequent travellers. Looking out of the window, I pondered the cause of this wonderment. The trains and the control systems might use some of the world's most ...
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Oct 01, 1995
In today's economy, more than two-thirds of the world's goods and services are produced outside the US, and American investors have shown that they, too, want to diversify by geography as well as by business sector. Most estimates reckon that in the next five years individual and institutional investors will increase the foreign content of their portfolios by $300 bn or more. The trend is clear: a massive flow of funds is slated for global markets. This is one...
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Oct 01, 1995
If anyone thought that 2,104 Japanese companies holding their shareholder meetings on the same day would lead to a few juicy reports of managements being held to account by irate shareholders, they had better think again. That's not the way things go in corporate Japan, even with a falling stock market. Probably the biggest disturbance on June 29 was to the holiday plans of the Japanese police force. More than 10,000 officers were put on alert to protect companies a...
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Oct 01, 1995
'Do you surf the net?' said Tony, staring down at me in the mirror. Now, I know it's a barber's right to choose the subjects for discussion, but cyberspace was not on Tony's usual agenda. Last time, the conversation - or monologue - had revolved more predictably around Marcia Clarke, Rush Limbaugh and George Steinbrenner. I wanted to explain that what I did couldn't really be called surfing; it was more like paddling gingerly in the shallows while wearing a li...
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