Henry Jennings (MarcusToday, ******) holds IVZ and joined in yesterday’s webinar.
In this morning’s MarcusToday newsletter, Henry had this to say:
“Webinar Update: Happy to hold. Just taking time and investors are impatient. However it is fair to say that Scott Macmillan needs some serious media training. Serious. Awful really. Too much technical detail. Too complicated. KISS. Not so here. Two discoveries. 30 minutes to get there. I may email him and suggest some coaching is required.”
I get that Scott is an engineer first and foremost, but as the MD of a public company, he needs to be much better attuned to the investor audience he is addressing through the ASX announcements and his webinars. I tend to agree with Henry - when it comes to the (mostly) retail shareholders, it is better to just keep it simple. The deeper technical discussion and Q&A can be left for the Fireside chats.
Whilst yesterday’s results weren’t mind blowing, they were still quite positive. Sure, many retail holders were anticipating better results, and anything less than spectacular was going to disappoint. Most of us knew that. Scott should have known that too, and crafted the ASX announcement & subsequent webinar presentation accordingly.
Hoping we get to see a bit more energy and excitement from Scott when it comes to announcing net pay upgrades.
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