You are here

Table of content

1. Principles of investor relations

  • Introduction to IR
    What it IR, Aims and objectives, fair valuation, liquidity, how IR can deliver cheaper access to capital, shareholder loyalty, limitations of IR, and Board expectations
  • Why companies need IR
    Delivering competitive advantage, regulatory compliance, optimising management effectiveness, develop reputation, and special comsiderations for smaller companies
  • What makes a successful IR function
    Management committment, reporting lines, experience and credibility or IRO, resource adequacy
  • Scope of IR
    External comms, message development, marketing, issues management, best practise maintenance, internal relations, IRO skill set, IRO key responsibilities, IR best practise

2. Financial markets

  • Global financial markets
    Purpose, types of markets, International financial markets and centres, financial markets in the Middle East
  • How do equity markets or stock markets work
    Exchanges, role of a stock exchange, major centres and features, Exchanges in the Middle East, equity or stock markets, features of market trading, depositary receipts, indices
  • Equity investors
    Institutional investors, retail investors, investment styles
  • Debt investors
    Types of debt or fixed income investors, debt intruments, credit ratings

3. Companies & regulation

  • Limited companies
    Types of companies, limited company formation, company constitution, company and business names, members, share capital, meetings and resolutions, Directors, Auditors, Company communications provisions

4. Regulatory environment

  • Introduction
    Key principles of regulation, market abuse, insider dealing
  • Listing rules
    Listing principles, continuing obligations, transparency rules, when to disclose, breach of confidentiality, dealing with rumours, insider lists, major shareholder notification rules, access to information
  • Periodic financial reporting
    Annual Financial Report, KPIs and responsibility statements, Half year financial reporting and interim management statements
  • Regulatory announcements
    Categories, Primary information providers (PIPs), distribution process, monitoring, Secondary information providers (SIPs)

5. Accounting, valuation and investment principles

  • Introduction
    Overview and structure of section
  • Time value of money
    Present value & discount factor,NPV / IRR, DCF, risk and NPV, NPV and ROR, summary of basic NPV calculation, perpetuities and annuities, cost of capital and weighted average cost of capital
  • Valuation models and measures
    Dividend Discount Model (DDM), GGM, DGM, EV, Shareholder Value analysis, sum of the parts valuation
  • Portfolio theory
    Key concept of portfolio risk, types of risk and portfolio theory, BETA, ALPHA, modern portfolio theory, Capital Asset Pricing Model (CAPM)
  • Accounts
    Use of accounting data in valuation of companies, key issues, forecasting business drivers, financial statements, accounting standards, balance sheet, profit & loss, cash flow statements
  • Key financial ratios
    Liquidity ratio, financial gearing, profitability and operating ratios, returns in comparison to levels of investment, investment ratios - P/E ratio, Price to Book, EV/EBITDA, dividend yield
  • Glossary of accounting terms

6. Effective IR in practise

  • The IR audiences
    Buy side, Sell side, Retail investors (private shareholders), Debt/bond holders, press and media, special interest groups, customers and suppliers, Government and regulations
  • IR advisors
    Corporate brokers, IR/financial PR, Shareholder ID and tagging, Registrars, corporate lawyers, report and accounts and website designers, shareholder perception, roadshow organisers
  • Internal relationships
    Board of Directors, management, employees, group/overseas companies
  • Knowing your shareholders
    Identification, reactive disclosure, investor targeting
  • Understanding disclosure obligations
    Identifying disclosable information, potential events, control of price sensitive information, basic disclosure requirements
  • Communications tools and techniques
    Message development, meetings, roadshows, other shareholder meetings, journalist briefings, site visits and workshops, Annual report, earnings announcements, other regulatory announcements, briefing documents, shareholder circulars, website, electronic communications, use of social networking
  • The day-to-day business of IR
    Managing the IR programme and typical annual cycle, dealing with shareholder and analysts, managing day-to-day relationships, consensus earnings estimate and market expectations, earnings guidance, pre-close season briefings, organising presntations and roadshows