Many of the more established listed companies in the First World have mandatory director induction programmes. Ones designed to ensure that directors understand their fiduciary duties in the context of corporate governance. It beggars belief that a public article of the nature below can state …… ” When first appointed members had been of the [...]
An idea for the African Stock Exchanges Association…..
For regulators, Markets // 22.01.2012I came across this article from the SEC in the USA and fail to find any parallels in Africa. Can you assist? This sort of study would be right up ASEA’s street and mandate, especially given the burgeoning access to social media and investment information that Africa’s retail investors have the opportunity to enjoy. How [...]
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African stock exchanges yet to use of social media in investor relations meaningfully
I have done a quick review of African stock exchanges’ use of social media to connect with the broader investment public. I considered whether the stock exchange website had a feedback centre, email alerts, categorised email alerts, RSS, a watchlist function, client login, categorised RSS feeds, Facebook, Twitter and YouTube. 10 categories in all. My [...]
Continue →CFI Holdings launches new online investor relations section
It’s not often that one gets to launch an online investor relations initiative and new website for a company that’s over 100 years old. Well that’s what we have done for CFI Holdings. That’s cool! CFI is a Zimbabwean vertically integrated conglomerate predominantly involved in poultry, agro-industrial processing, irrigation, retailing, and property management and development. [...]
Continue →Why 60% of listed African companies should not be listed
The egos of founding shareholders grow with the profits of their private company. This results in the very significant decision to list the company on the stock exchange at some stage – typically as part of a mid-life crisis. This listing process “enhances brand”, gives “a higher profile”, provides a “better rating” with the banks. [...]
Continue →African bank websites are missing a piece of marketing opportunity
Many well run African banks are profitable and enjoy a very strong investment story given their critical role in their respective economies. Banks are a favourite amongst investors of all types: they are easy to understand (theoretically) brand awareness is high and they are profitable. They are also highly regulated which adds confidence to the [...]
Continue →Zimbabwe listed company passes indigenisation threshold: re-capitalisation starts
Investor relations practices in Zimbabwe are subject to stresses and strains not seen in other markets anywhere else in the World. It was only a few years ago that Directors were being jailed for communicating their strategies to “protect shareholder value” in a hyper-inflationary environment. For example just putting up prices was a criminal offence. [...]
Continue →Insight into the Malawi Stock Exchange
The managers of NITL formerly the National Investment Trust, First Merchant Bank, always prepare a succinct and insightful overview of Malawi’s capital markets and more specifically the equities in which they have invested as managers. FMB has an equity interest in the fund and I replicate the Fund Manager’s report below for the benefit of [...]
Continue →Celebrating excellence in online investor relations
We like to celebrate excellence, even though its not our own. Why? Because we understand the value of a decent website and we appreciate good work. African website vendors are probably unable to replicate the quality of the Q4 products (perhaps they (we) can!) but for most African listed companies the 80: 20 rule applies. [...]
Continue →Robust earnings shown by Zambian Zambeef plc
Zambeef has been on investors’ radar for some time. The company operates in Zambia (a country that is growing strongly economically) and has recently moved to West Africa. It’s agricultural assets are vast and the company recently listed on AIM in London as part of a capital raising exercise. They will shortly hold an investor [...]
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Corporate announcements
- First Cautionary Announcement on Government inquiry into Zanaco partial privatization January 27, 2012
- ZANACO: Quarterly Prudential Financial Statements to 31 December 2011 January 27, 2012
- FBCH: Executive appointment January 26, 2012
- CFI Holdings: Cautionary statement January 23, 2012
- Imara: Cautionary Announcement January 18, 2012