Beruflich Dokumente
Kultur Dokumente
Investment
Banking Investment
12% Management
30%
TF Corporate Service Segments
TF Corporate Services
• Corporate Communications Services (CCS)
– IR web site hosting & webcasting, transcripts, StreetEvents
• Thomson One
– Solutions for Investor Relations, Treasurer and Corp Development
• Perception Studies
– Understand market dynamics and sentiment
• Treasurers and Chief Financial Officers are better equipped to restructure and
refinance debt:
– lowering cost of capital
– reduce transaction costs
– position debt with long-term investment partners
• Tax Officers are able to prove tax status and help prevent contentious battles with
the tax authorities and other regulatory bodies
Basic FISI Offering:
Bondholder Identification
Real-time identification of bondholders down to the beneficial owner for all types of debt
Corporations that need to prove the geographical location of their debt and
equity investors to regulatory bodies
Perspectives on Debt and Equity Management
Undervalued Stock
Poorly Communicated Story Less Liquidity
Increased Share Price Volatility
Communication
Phone Calls
Client Meetings
Road Shows
Investor Conferences
Websites
Press Releases
How Does This Effect My Valuation?
Price Earnings
Multiple
30 Fully Valued
Share Price
25 Competition For
Shares, Credibility
of Management,
20 Perception of
Strategy/Ops
Market
Market Valued
Valued
15
Share
Share Price
Price
10
5
0 5 10 15 20 25 30 35 40
Transparency Matters
$25.0 $23.9
$20.0
$15.0
$10.0
$5.3
$5.0
$2.9 $2.4
$1.8 $1.4 $1.0 $1.0 $0.8 $0.5 $0.5 $0.4 $0.3 $0.3 $0.2
$0.0
US Unite d J a pan Fra nc e Ge rm a ny Ca na da Switze rla nd Italy Nethe rla nds Aus tra lia Spa in S we den Be lgium No rwa y Denm ark
Kingdo m
Road Shows Investor Targeting
Targets’
Priority Rank
•‘Competitors for capital’ •Investors’ preference for •Portfolio weights and •Current position in •Information about
such as: financial factors such as: changes: investors’:
client, and the amount
•- Major competitors/ •- Sector Allocation
•- PE/Valuation of capital each investor •- Investment horizon
industry peers
•- Fundamental peers -- EPS growth estimates •- Country/Region could potentially invest •- Investment style
allocation to achieve a fully-
•- Country/region peers -- Dividend yield •- Discretion over assets
•- Real-time CMI weighted position
-- Market cap/float •- Receptiveness to contact
trading activity
Debt Investors
Bankers oft
o en need help to identify debt holders to
complete tender offers and open
market repurchases
MORE DEMAND =
Higher Bond Prices,
Narrower Spreads,
Lower Borrowing Cost
$$$ FINANCIAL SAVINGS
Financial Intermediary
Issuer Investment banks Investors
United
ARTESIAN INVESTMENT MANAGEMENT Kingdom 10,000,000.00 5,000,000.00