Tuesday, September 29, 2009

Sharing our way of doing business

Farayi, our communications manager has just finished sharing our experiences with online investor relations with listed company executives, regulators and brokers in Accra Ghana. The presentation held at Holiday Inn Accra was well received and her abridged presentation, (seen below) shows how we are using the feedback received through our website to be responsive to shareholders and our customers alike.



The greatest percentage of feedback we receive relates to potential investors in Africa, especially in the diaspora. On balance 80 - 90% of the feedback we receive is beneficial to our business and we want to share this news with everyone as it adds a practical element to that oft-stated concept of sustainability.

Ghana is a progressive country whose 35 listed companies account for approximately US$10bn in market capitalisation. The market has about 250,000 shareholders, with an active foreign participation element. Of these shareholders 25,000 have de-materialised their shares into the CSD. There are over 1 million Internet users in Ghana so the online opportunity appears to be well justified. It's great to be able to spread the African Sun word with a diverse variety of market participants.

Holiday Inn Accra Airport is one the leading hotels in Accra. It has 168 rooms which include standard rooms, executive rooms, suites and a presidential suite. It is ideally located for the business traveller given its close proximity to Kotoka International airport.

Shingi
Posted by Blog Administrator at 2:36 PM
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3 comments:

  1. African HotelsNov 3, 2009 07:00 AM
    Great video! Thanks for sharing that!
    ReplyDelete
  2. AnonymousDec 29, 2009 09:25 PM
    Hi Shingi and Team.

    Is it possible to also reflect your Financial statements also in US$? This will allow a quick and easier understanding of your financials.

    Thanks

    F. Kusema
    ReplyDelete
  3. African CEOJan 11, 2010 05:27 AM
    Hello F Kusema,

    Thank you for your feedback.

    Since the Zimbabwean economy was dollarised, we now publish our FULL results in US$ terms and we expect this to continue as long as the economy remains dollarised. For instance, our March 2009 interim results are in US$ terms.

    For historical financial statements, we do have summary figures in US$ terms provided as supplementary information to the main accounts (see pages 66 - 67 of our 2008 annual report, with US$ financial data for period 2005 to 2008). Our annual reports are available on our investor relations website through the following link: http://www.africansuninvestor.com/Investor/Downloads.htm

    Thank you,
    ReplyDelete

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