Why communicating bad news can lead to long-term support
By Joe Racanelli, Senior Account Executive, TMX|Equicom, September 29th, 2009 , 1 Comment »Every public company loves goods news. Sign a new contract? Win a new customer? Get positive results from a field trial? Put out a press release and chances are that the markets will respond favorably and drive up the share price.
Bad news, on the other hand, causes too many issuers to lose perspective. Some companies will want to schedule an announcement after market close on a Friday night. Worse, others will want to go into silent mode unless disclosure is absolutely required. The belief, of course, is that the company’s share price will suffer once negative news is released. Read the rest of this entry »
New rule requiring shareholder approval for acquisitions introduced by TSX
By Jo-Anne Archibald, Senior VP, Corporate Secretarial, September 28th, 2009 , No Comments »The TSX has implemented a new rule that requires publicly-listed companies to obtain shareholder approval for any acquisition that involves the issuance of 25% or more of their outstanding shares. Currently, no shareholder approval is required for any acquisition involving any issuance of shares. The new rule will take effect on November 24, 2009 and is not retroactive.
How are investors approaching Canadian healthcare stocks in 2009?
By James Smith, Vice President, Healthcare, TMX|Equicom, September 18th, 2009 , No Comments »While the healthcare sector may have a reputation for being a challenging and risky segment of the market in which to invest, a number of success stories have emerged in 2009 that demonstrate the reward the sector holds for astute investors. While an understanding of the underlying science and technology can be helpful when making investment decisions in these companies, investment strategies similar to those which are used in other sectors apply for the most part to healthcare companies as well. For mature companies, the focus is largely on the same fundamentals that apply to any revenue generating business. For development stage companies, strategies may be more event-driven or based on momentum.
In Canada, IFRS first, XBRL second
By Trevor Heisler, Senior Account Executive, TMX|Equicom, September 15th, 2009 , 2 Comments »XBRL will allow financial information to be extracted from an issuer’s financial statements and compared nearly instantaneously. This would potentially save analysts, regulators and other users considerable time, while creating a level playing field in terms of information access.
So why do Canadian security regulators appear to be taking a wait-and-see approach to mandating the use of XBRL?
Welcome to IR Matters
By admin, September 1st, 2009 , No Comments »Welcome to IR Matters, the official blog of Equicom. As Canada’s leader in investor relations services we naturally believe that IR really does matter, and that by providing our views on relevant issues and fostering open discussion, we can play a role in shaping the future of investor communications.
The challenges of being a publicly traded company have never been greater.
From competing for investor awareness to managing expectations to navigating a constantly changing regulatory landscape - all under heightened public scrutiny - strategically managing communications is critical.
We recognize there are already a number of excellent blogs on IR out there. Still, with a seasoned group of strategic-minded capital markets and communications professionals we believe we can bring a unique perspective to the table. Our blog will reflect that, with posts coming from throughout our team on a broad variety of topics.
We invite you to join in the conversation and welcome your comments. Most importantly, visit us regularly and follow us on Twitter for the latest updates, news and capital markets commentary.