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- Release Date: 03/05/12 12:28
- Summary: GENERAL: CRP: Chatham Rock Phosphate signs Edison Research
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CRP
03/05/2012 10:28
GENERAL
REL: 1028 HRS Chatham Rock Phosphate Limited
GENERAL: CRP: Chatham Rock Phosphate signs Edison Research
3 May 2012
Chatham Rock Phosphate signs up for Edison research
Chatham Rock Phosphate has commissioned Edison Investment Research to produce
independent research over the next year.
Chief executive Chris Castle said investors and sharebrokers often ignore
Chatham Rock Phosphate as an investment opportunity because analysts do not
research it.
"We're really active and we have a great story to tell, but the regulations
governing financial advisers constrains them from recommending us as an
investment because no third party research on our company presently exists"
"It's a chicken and egg situation because we are quite small and our
potential trading volumes may not justify a broking firm's investment in
research, even though we may prove to be a great investment for their
clients."
"The independent assessment that Edison offers to investors is really
important. We are very happy to face that analytical scrutiny."
Edison is an international research company providing independent equity
research on companies for institutions and investment advisers. New Zealand
has more than 200 companies listed on the NZX, NZAX and Unlisted exchanges
but analysts generally only research the top 40.
"We think Edison offers a real opportunity for CRP to boost our profile to a
new group of investors among the New Zealand investment community and
potential international investors.
"It also means potential investors can compare us with other companies
internationally. The New Zealand market, especially for smaller companies,
is thinly traded and doesn't have any comparable companies in our industry."
Edison is one of the largest independent investment research companies
worldwide with more than 300 corporate clients, including a big focus on
mining research with nine dedicated analysts and coverage of 75 mining
companies on major exchanges around the world.
Edison sends its research directly to a relevant international investor
audience and provides readership data to its corporate clients. The service
includes an introductory analysis and regular updates, a profile on the
Edison website and distribution to a wide database of professional investors,
advisors and analysts in major financial centres world wide, plus
organisations like Bloomberg, Reuters, Factset and Yahoo Finance.
Chris Castle 021 55 81 85 or [email protected]
End CA:00222514 For:CRP Type:GENERAL Time:2012-05-03 10:28:38
