| Building groups reign in inaugural IR survey |
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| CRH, Kingspan and Paddy Power share the spoils in this, the inaugural FINANCE ‘Investor Relations’ survey. CRH comes out on top, winning three awards, followed by Kingspan with two, and the ‘Best IR service (micro-cap)’ for Paddy Power. |
This year’s survey marks the re-introduction, after a lapse of some years, of a
section focused on corporates. FINANCE last conducted such a survey in 2001, when a separate ‘plc’ survey was completed. It was the seventh time such a survey was conducted, and in that year, CRH again dominated the survey, sweeping the board to collect six of the first place rankings in the survey.
In this year’s survey, fund managers responding to the Stockbroking Survey were also asked to rate Ireland’s plcs from an investor relations’ perspective, and the results are as follows:
Trading statement
Building materials group CRH comfortably won the award for providing the most comprehensive and value-added pre-close trading statement to the stockmarket, ahead of financial institution Bank of Ireland. One of the top performers on the Irish Stock Exchange this year, building materials group Kingspan, came in third in this category. Other notable contestants were Ryanair in fourth place, and AIB in fifth.
Most improved IR function
Kingspan was awarded the title for ‘most improved IR function’ over the past year, assisted in this endeavour no doubt by its new appointee, former Goodbody ‘Analyst of the Year’ Robert Eason, who is now head of IR with the firm. CRH brings up the rear in this category, taking second place, followed by Bank of Ireland in third. Aviation firm Ryanair and Anglo Irish Bank take fourth and fifth places respectively.
Best investor day/site visit
Kingspan also shine in this section, as they are voted as the company which ‘hosted the most informative investor day/site visit in the past year. Bank of Ireland moves one step ahead of CRH in this category by coming in as runner-up, followed by CRH, while Ryanair, and food and agri-business group IAWS are fourth and fifth.
Best IR website
Returning to the top in this category is CRH, who comfortably held off the advances of Bank of Ireland to receive the ‘Best IR website’ award. Following Bank of Ireland in third place is AIB, with Kingspan and Anglo Irish taking up the rear.
Post-results presentations
The company which was voted as adding the most value in their post-results presentations and conference calls is CRH, who just pipped Ryanair to the post, to win this category. Bank of Ireland follows behind in third, with Anglo Irish Bank and Kingspan, who both have featured regularly in the awards, taking fourth and fifth place respectively.
Best micro-cap plc
Gaming company Paddy Power plc, beat off close competition from construction firm McInerney Holdings plc to win the title of ‘Best IR service’ for a micro-cap firm. With a market capitalisation of ?792 million (at time of going to print); and with 51 million shares in issue, Paddy Power’s IR service is deemed to be the ‘best in class’ by voters in this year’s survey. Pharmaceuticals firm United Drug, takes third place, followed by recruitment firm CPL Resources, and techonology firm Horizon Technology Group in fifth. |
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