Investor Relations Survey 2013 – redefining the investment case

Summary of Sandra Novakov, Director, Investor Relations, Citigate Dewe Rogerson:

“Overall, we were encouraged to see greater focus on mid-term strategy and revenue drivers when it comes to company guidance, but feel that a more proactive approach by IROs is needed to encourage investor engagement (nearly half of IROs do not actively seek investor engagement on key issues ahead of significant events and only 12% state they are fully engaged in discussions with investors when it comes to executive remuneration).

Unfortunately, the quality of analyst coverage continues to deteriorate with a record 41% of respondents reporting a decline in the quality of sell-side coverage in the last 12 months. As such, IROs are very much focused on buy-side relationships with 39% planning to increase roadshow activity this year.

Social media, despite all the talk about these channels, is seen by 78% as time consuming and offering limited value. Whilst 91% use social media channels to publicise news and events, only a small minority engage with investors more actively through these platforms.

More than half of IROs have taken on additional responsibilities outside of IR – whilst this puts them a step closer to a future senior management role, three quarters do not currently attend Board meetings.

We hope you will find the report an interesting read.“

Citigate Dewe Rogerson IR Survey 2013 – Whole Study