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♦ | In order to establish effective communications with the market, it is necessary first to understand the market's perception of your company. Moreover, to enhance both communications with and perceptions in the market it is crucial for your company to clearly articulate a strategic vision. |
♦ | Corporate fair value, when held up against a company's actual market value, facilitates an understanding of how your company is viewed by the market. At Alex-Net, we calculate a company's corporate fair value and then use it as the starting point for formulating an individualized IR program. |
♦ | Bearing in mind the market's perception, we devise the most appropriate IR message for enhancing that perception. We then consistently convey this message via comprehensive IR activities and corporate disclosure materials in a range of media. |
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• | Maximizing fair value: What investors expect
To determine the corporate fair value of a company, we take its actual market value and discount potential earnings. To calculate potential earnings, we employ our proprietary analytical model incorporating free cash flow.
Shareholders and investors who provide venture capital want to see more than just a profitable, going concern. They also demand a corporate strategy aimed at maximizing fair value.
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• | Corporate fair value: The starting point for an effective IR program
Our AVA (AlexValueAnalysis) model, developed in-house, draws upon the latest financial theories to calculate corporate fair value. Specifically, the AVA model takes into account free cash flow as well as independent EVA and other indicators to determine fair value. By comparing this fair value with actual market value, we can accurately gauge the market's perception of a company. This, in turn, guides us in pinpointing key issues and in formulating appropriate IR strategies. |
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• | Service Overview |
Alex-Net's basic consulting service package includes the following: |
- Calculation of fair value using our AVA model
- Fundamental financial analysis
- IR strategy formulation and implementation support, as well as assessments based on our fundamental financial analysis
- The most recent IR and corporate disclosure information
As optional services, we offer the following: |
- Consulting advice on increasing fair value, creating new investment proposals, and other issues
- Surveys of investor perceptions
- Institutional investor and analyst databases
- Advice on investor selection and support in establishing contact
- Surveys to identify an appropriate target pool of foreign investors
- Overseas road shows
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©2002 Alex-Net Corporation. All rights reserved.
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