Posts Tagged ‘Investor Relations’

Brains-over-Beers : CIRI BC : Networking Social

October 17th, 2014 by Jon Bey

 

Register Online

 

The power of networking with peers … and beers :-)

Join fellow IR and capital markets professionals for a casual networking event at one of Vancouver’s best new watering holes – CRAFT Beer Market. Share stories, ask questions, and hear how your peers handle challenges unique to the IR profession. You’ll come away with new industry contacts and be provided with an informal opportunity to learn more about the IR practices at other companies.

The primary goal of Brains-over-Beers is to help facilitate relationships between CIRI BC’s IR professionals. When you arrive, you will be asked to write down an IR topic you are particularly interested in speaking with others about. This topic will be added to your name tag, to help generate conversations amongst the tables.

Appetizers and your first beverage are on us!

Space is limited, so register early.

 

Thursday October 23, 2014 – 5:00 – 8:00 PM

Location: CRAFT Beer Market (Olympic Village, Salt Building)85 West 1st Avenue, Vancouver

Member Price: $0.00 +tax
Non-Member Price: $20.00 +tax

Please provide at least 48 hours notice for cancellations.

 

Register Online (click here)

 

Looking forward to seeing you all there!

Jon Bey

Chair, CIRI British Columbia

CEO Steel Rose Communications

CIRI, #CIRIBC, Investor Relations Vancouver, @jonjbey, @steelrosecomm, Canadian Institute Investor Relations

Magnum Energy hires Steel Rose Communications for IR services

April 9th, 2014 by Steel Rose Communications

As seen on The Wall Street Journal :

PRESS RELEASE

April 9, 2014, 9:35 a.m. ET

Magnum Engages Investor Relations Consultant and Grants Options

CALGARY, ALBERTA–(Marketwired – April 9, 2014) – MAGNUM ENERGY INC. (“Magnum” or the “Corporation”) (TSX VENTURE:MEN) Magnum is pleased to announce that it has engaged Steel Rose Communications (the “Consultant”) to provide investor relations services to Magnum effective April 1, 2014.

In connection with the engagement, Magnum has entered into a consulting agreement with the Consultant pursuant to which the Consultant shall be paid CAN $5000 per month commencing on April 1, 2014. After September 30, 2014, the contract is terminable upon 30 days written notice by either party. Pursuant to the consulting agreement, Magnum has granted 250,000 stock options to the Consultant exercisable into common shares at an exercise price of $0.10. The options shall vest as to 25% on April 1, 2014 and 25% every three months thereafter. The granting of the options is subject to the approval of the TSX Venture Exchange.

About the Consultant

Steel Rose Communications is a full service Investor Relations and Corporate Communications Consultant Company based in Vancouver, British Columbia. Steel Rose works primarily with small to mid-cap public companies focusing on the resource and energy sectors. Jon Bey is the President of Steel Rose Communications and will be responsible for the activities related to Magnum Energy Inc.

Steel Rose Communications will increase awareness of Magnum Energy Inc. through presentation meetings with investment professionals, investment advisers and money managers focused on the microcap market space.

Steel Rose Communications currently has no direct or indirect interest in the securities of Magnum Energy Inc, or any right or intent to acquire such an interest except pursuant to the exercise of the above referenced options. The appointment of Steel Rose Communications as an investor relations consultant of Magnum Energy Inc. and the granting of options remain subject to regulatory acceptance of applicable filings with the TSX Venture Exchange.

About Magnum Energy Inc.

Magnum is a junior oil and gas producer with operations located in the Western Canadian Sedimentary Basin. The Corporation produces from Viking oil operations in Alberta, gas operations in Alberta and maintains a 100% ownership of the Sedalia gas facility in East-Central Alberta.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Magnum Energy Inc.

Richard Nemeth

President & CEO

604.948-2688

rnemeth@magnumenergyinc.com

Get to KNOW YOUR IRO – Investor Relations

January 31st, 2013 by Jon Bey

 

The following is a modified article that I wrote for, and was featured in, Canadian Investor Magazine (V2I1). For magazine enquiries please visit www.canadianinvestor.com :

So what do you do?

““So what do you do?” That’s usually the second question I am asked by most border guards and custom agents. My reply is often, “Investor Relations,” which always leads to a blank stare. In this profession, travel is almost always a requirement, and it can be a blessing and a curse. I love to travel, but those awkward custom agent conversations wear me down.

I don’t blame the agents; I am still trying to explain to my wife exactly what it is I do. So the issue must be with my profession or my explanation. Unfortunately, the Investor Relations profession is still not well understood. So let me try to explain what (IROs) Investor Relations Officers actually do. If you understand their role in the company, it may make it easier for you to engage with them, and dig a bit deeper into your current or next potential investment.

 

What do we do? 

Simply put, our job is to explain our company to the investment world. But it’s usually not that simple. Most companies are extremely complex, so the explanations tend to be that way as well. Our audience is quite diverse; so we need to craft a slightly different message for each type of investor. That means telling our company story in a way that is meaningful to each one, providing the key information they are looking for. We speak to retail investors, institutional investors, analysts, sophisticated high net worth investors, stock brokers, fund managers and various stakeholders in the company. IROs are also the gatekeepers to the senior executives. CEOs and CFOs do not have time to speak to every investor that calls the company with questions. The IRO handles all incoming calls leaving the senior executives to run the company.

Like many investors, I am a fan of Warren Buffet. He has a special way of explaining complex scenarios that both novice and sophisticated investors can understand. He likes to pretend he is speaking to his two sisters. I like that, but I twist it a bit and pretend I am speaking to my uncle the customs agent. I need to be able to explain my story to him quickly and clearly so he can understand it and then send me on my way. I also don’t want to provide any false or misleading information which might get me locked up.

 

How do we do it?

Although communication methods have changed in recent times with the rise of social media, the heart and soul of a great IRO is still their ability to interact and converse with investors. Great IROs have the ability to engage with their audience face to face or on the phone. But, the reality is, most public companies have hundreds or thousands of shareholders and speaking personally to each one of them is a daunting task. So how do most IROs communicate with the investment community? Most communication now happens online – at least to start anyway.

IROs invest a great deal of time in the corporate website. All material corporate information must be located there and should be easy for investors to find. It must also remain current at all times to stay in compliance with security regulations. A seasoned IRO will know their company website inside and out and will be able to speak to each section in depth and provide colour to areas that may be filled with technical and industry jargon that may be confusing to the average investor. All corporate websites will have a “contact us” page and the IRO contact details will be provided there. Send the IRO an email with your specific question, or simply give them a call.

The communications world is rapidly changing, and social media is the main driver pushing these changes. In the past three to four years, I have seen early adopters in the public-company space, experiment with new technology that is enhancing investor communication possibilities. Public companies are using Facebook, LinkedIn, Slide Share, Twitter, blogs, Google Earth interactive platforms, Flickr and various other social networks to spread their company news and engage with their audience. The security regulators are trying to keep up to ensure disclosure policies are not being violated but it is an endless battle. The rules will need to change. Watch for companies to start disclosing material information in ways other than the traditional news wires.

 

What skills does a seasoned IRO possess?

Like any profession, IROs come in all sizes and shapes. There are no set standards or requirements to enter this career so there can be a huge variance in the skill sets between IROs. The Canadian Investor Relations Institute (CIRI) works hard to provide educational courses and, a professional certification with the IVEY school of Business, for advanced IROs. But the reality is, it’s a real mixed bag. Seasoned IROs will possess skills in finance, marketing, communications and securities law. The majority of IROs enter the profession with some of those skills and learn the rest on the job. Your IRO should be knowledgeable about the industry their company is in. They should know how the company is valued, they should be able to compare the company to its peers and they should be able to explain the company’s business drivers and how there company will drive shareholder value.

The great IROs are said to be a hybrid of a CEO and CFO. They can speak to the big picture of the company and also break down the financials to a granular level.

 

How should the IRO be able to help you?

Your IRO should be able to help you understand the company and explain all the technical, financial and industry jargon in everyday language. They should be able to answer your phone calls and emails in a timely fashion and guide you through the corporate website and help you locate any information you need. Good IROs can help you navigate your way through the traditional mailing materials you may receive like the Information Circulars, MD&A and Financial documents.

But don’t ask them to provide any insider information. They shouldn’t be providing any information to you that has not already be released to the market through proper disclosure policies. And they shouldn’t be telling you to buy the company stock. If they do, it’s time to sell.

 

Get to know your IRO

The IRO can be a great resource for any investor and I urge you to get to know the IROs of all the companies you invest in. If the company happens to be presenting in your community or showcasing themselves at an investment conference, take the time to the visit them and meet the IRO and the other senior executives.

I guess I am hopeful that one day, in my lifetime, a customs agent will ask my profession and then give me a knowing look and send me on my way. But, until that day comes, I’ll just smile, keep my story simple and be thankful that I have my Nexus card.

 

Jon Bey is the President /CEO of Steel Rose Communications in Vancouver, B.C. SRC is a boutique IR firm that specializes in Investor Relations services for publically listed Jr. Resource companies. Jon is a Board member of the BC Chapter of CIRI and is Professionally Certified in Investor Relations. Information on SRC can be found on their website at www.steelrosecommunications.com

 

Like what you’ve read? I will be writing more articles for a few publications in the coming months, so look out for those :-)

In the meantime, we have more good stuff on our blog, take a peek here. And, come on over and say hi on Twitter : @SteelRoseComm . You should also check out Canadian Investor Magazine on Twitter : @CanInvestorMag.

Thanks for reading, hope you enjoyed it!

:-)

Jon Bey

 

 

Happy Halloween everyone! At this time of year, with the ghouls and goblins on the prowl, I thought I would point out the Top 6 Scariest Investor Relations Practices I see on a regular basis.  As an investor, when I begin to research a company, I have a process I go through when vetting all potential deals. When it comes to the Investor Relations component, I am still shocked at how many companies make horrifying mistakes. Here are the Investor Relations Practices that scare me away from a potential investment:

6. The Shadowy, Uneducated IR Professional

It still shocks me that there are individuals representing companies in an IR role that have no idea of what they are doing. Don’t get me wrong, I know everyone starts out ‘green’, and most people learn on the job, but I encounter some individuals that have been in the industry for a few years, and have yet to make the effort to educate themselves. Time to take a course, read a book, and join your local NIRI or CIRI chapter.

5. Ghastly Websites

The corporate website is the most important marketing piece a company controls, but yet I still see alarming websites every week. I shake my head, and move my attention to the next company immediately. If a company still does not understand how valuable their website can be, and the damage it can cause if it is outdated, then they don’t deserve my time or money.

4. Hair-raising, Over-Promotional IR Types

When I talk to a CEO, or an IRO, I fully expect to see their passion, and hear how great their project is. What turns me off a project is when the IRO goes beyond the investment opportunity and turns into the wicked, used car salesman. Give me the facts, save the hard sell, and don’t tell me if I don’t get in on the deal today, I will miss the stock jump coming this week.

3. Haunted Social Media Deniers

Social Media and Social Networking is growing rapidly, and I hope to see the companies I am looking at least taking steps to monitor what is being said about their company. If the senior executives are burying their heads and ignoring the potential opportunity, I question their commitment to Investor Relations. If the IROs are doing this as well, then I move on to the next deal. The IRO may be having trouble convincing the C-Suite, but they need to be trying, and there are several things they could be doing on their own with little time commitment, and for little money.

2. Vampiric Social Media Companies

On the other hand, things get really creepy when I see a Social Media Company running a campaign for a public company that has no understanding of security commission regulations, or exchange rules. If you are going to hire an outside firm to help you with your Social Media campaign, and there are a lot of good ones, make sure they understand your company, industry, and the proper rules of your stock exchange. The last thing your company needs is to get flagged by the regulators for being perilous with your tweets, and comments made in the social media space.

1. Ghostlike, No Investor Relations at All

Yes it is true; there are still public companies that don’t understand the value that an educated Investor Relations professional can bring to their company. Some tell me the IR is handled by the CFO or another executive, and others don’t believe the value add is worth the expense. Some have had a bad experience with a poor IRO, and don’t know where to find a qualified professional. I always advise them to give it another shot, and to search for a qualified IRO through their local CIRI or NIRI branch. CIRI has just graduated their first class of Professionally Certified Investor Relations Professionals through the IVEY School of Business, take a look here for a qualified professional.

I wish you a spooky Halloween wherever you may be, and please add to our list, What IR Practices Horrify You?

 

All the best,

Jon

Steel Rose Communications Battles Cancer

October 18th, 2012 by Jon Bey

 

This past weekend, the Steel Rose Ball Hockey Team battled hard in the Vancouver rain/torrential downpour to help defeat Cancer. Soaked to the skin, but a little rain certainly did not dampen anyone’s spirit or resolve. An amazing event, a lot of fun, but also a lot of hard work, devoted to a worthy cause.

 

“The battle against Cancer is very dear to my heart. We lost a family member to this epidemic suddenly this week and it has reminded us again how much more we have to do to beat Cancer. My wife Haven is a cancer survivor and thrivor and her efforts battling Cancer inspired me to create the Steel Rose Ball Hockey Team.” Jon BeySteel Rose Communications CEO

 

“At the opening ceremonies, we were asked to write down the name or names of those we were playing for that day. While I started to write down a few names, I immediately realized it may have made more sense to simply write the name, ‘Too Many’. “ Chris Rudden –  Digital Strategist and Social Media Specialist, Steel Rose Communications

 

Craig Northey, celebrity teammate, Road Hockey to Conquer Cancer 2012

Craig Northey

Thanks Craig

I would also like to thank musician, Craig Northey, of the Odds, for joining our team as a celebrity player. He played nine games Saturday; and although exhausted, remained enthusiastic, and cheerful throughout the day. Great to have you on our team Craig!

 

A Bit of Fun, a Lot of Fundraising

We played five challenging games; but more importantly, we are close to reaching our Team goal of raising $15,000.00. It’s not too late to donate to our team, please follow this link to help us make a difference. http://bit.ly/UVFuLC

 

Road Hockey to Conquer Cancer 2012

On October 13th, at Concord Pacific Place, Vancouver’s 1st annual ROAD HOCKEY TO CONQUER CANCER event took place. Almost one-hundred teams took part, bringing out the best part of humanity for a cause that is so close to so many. More than six hundred passionate participants, supported by friends and family, united by one common goal; to eradicate cancer and enhance the quality of life of people living with cancer!

This dawn-to-dusk fundraising event features hundreds of spirited road hockey games, as well as musical acts, celebrity appearances, interactive activities, food and beverages, and so much more! If you enjoy a challenge, being part of a team, and donating your time and effort to an amazing cause, this is the event for you.

 

Where Your Dollars Go

Funds raised through Road Hockey to Conquer Cancer support the Canadian Cancer Society’s mission to eradicate cancer, and enhance the quality of life of Canadians living with cancer. When you make a gift to the Society, your money will help to:

The Canadian Cancer Society is the largest charitable funder of cancer research in Canada. In 2010-11, they funded almost $49 million in leading edge research for a broad range of projects, across all types of cancers, including, breast, prostate, colorectal and lung. As the largest charitable funder of cancer research in Canada, they are leading the way towards the goal of creating a world where no one has to be afraid of cancer.

 

Steel Rose Communications, Road Hockey to Conquer Cancer 2012

Steel Rose Ball Hockey Team, Road Hockey to Conquer Cancer 2012

Help Us Make a Difference

It’s not too late to donate to our team, please follow this link to help us make a difference. http://bit.ly/UVFuLC