REA Group underwent management changes in 2010/11. The initial brief from the CFO was to further grow institutional presence on the register, to assist with achieving an SRI (Social Responsibility) rating from a respected ratings agency and to organise an European Roadshow to showcase the company outside Australia and to get on to the ‘radar’ screens of European and UK brokers and investors.
Outcome
The institutional register grew including investors from Europe, UK and USA. REA received a ‘Prime Investment Grade’ from German ratings’ agency, OEKOM. A 5 day roadshow to Frankfurt, Munich and London was successfully completed and REA also took the opportunity to participate in an ASX sponsored conference in London. Following the 2010 roadshow, the Interim Results announcement for FY11 and a subsequent Asian roadshow to HK and Singapore, the share price of REA appreciated over this period from $7.80- $11.69.
Since then further roadshows were conducted in 2013 to HK and Singapore and in 2014, again to Europe. In October 2015 we participated in a Macquarie Bank showcase of Australian companies in Hong Kong and Singapore and the company met with 50 investors over 3 days. By early 2016, share price reached $50 and company market cap of $6 Billion.
Insor ceased its work with REA when new management took over in Q3 of FY16.
