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NZX Limited: NZX’s Hannah Lynch speaks to Shareclarity Managing Director & Founder Daniel Kieser about the benefits of Shareclarity to investors.
Transcript PROVIDED BY NEWSROOM_PLUS
Hannah Lynch, NZX: Daniel, could you kick things off by telling (people) a little bit about what Shareclarity actually is.
DANIEL KIESER, SHARECLARITY:
Sure, Shareclarity is an information platform, that basically provides crowd-based and cloud-based share price valuations. So it’s essentially a place where anybody can go to, to learn about different companies and what their shares could be worth.
We only really went live (this month), but already we’ve got over 65 NZX listed companies on the platform, and each of them has got a detailed description of what they do, a chat forum and a full financial valuation that allows users to explore in as much or as little detail as they’d like.
And how it works is pretty simple. We have a team of financial analysts and they research and initiate coverage on each company based on publicly available information. But then we leave it as much as possible to our users to go and debate, propose changes to, vote on and ultimately inform the underlying assumptions that form those evaluations.
At Shareclarity we do continue to administer the platform, just to ensure the integrity, the timeliness and the accuracy of the information is still maintained.
Hannah: So what are some of the key benefits of having this information, and data and research available to investors?
DANIEL KIESER, SHARECLARITY:
Well one of the founding principles of Shareclarity is that it affords anybody and everybody an equal opportunity to learn and contribute to the understanding of shares. So it hasn’t been built for one purpose, or one person but rather for many people and many different purposes.
By way of example if we start with new investors or students, for example, they can start by finding companies they already know something about – they either shop there, they use their services, or they work in the same industry – and that way they can slowly start to build their knowledge base into accounting principles, finance theory and portfolio management.
For the more active investors they can engage a lot better with their fund managers and their brokers, they can identify new investments and they can even start to think about managing some of their own portfolios.
Hannah: And what can investors expect in terms of the kinds of format this information might come in, or how often the research is updated?
DANIEL KIESER, SHARECLARITY:
I’d probably say three things there.. Firstly all of the information is presented in the same uniform manner. So identifying, finding, comparing different companies is very easy.
The second thing is that Shareclarity is continually adding new companies to the platform. So every week there are new companies on there, and we’ll soon start to cover international companies as well.
Then the third thing I’d describe as having permanent initiation of coverage, or we’re permanently live, which means the turnaround time between a company making an announcement and that then (makes) being translated into a valuation or perspective on valuation that much faster.
So Daniel how does research on Shareclarity differ from other research that is out there for investors?
So Shareclarity, from what we can tell, is the first of its kind anywhere in the world. And so it’s the first platform that provides collaborative company analysis, and what we’re really trying to capture is the wisdom of crowds, industry experts and other market participants.
So from where we sit we don’t see why a dentist, for example, couldn’t contribute to the understanding of a dental practice by discussing margins. They may not know the rest of the business but they can certainly contribute at that layer. Or retail sales assistant could contribute to the understanding of a retail business – because they’re in the market, and they understand the trends that are happening in front of them.
Secondly we will be the first platform that allows users to personalise their own valuations in the cloud by providing interactive, online share price valuations. And thirdly we see ourselves as the first integration of chat, market information and equity research.
So right now those three things act in isolation from each other.
Hannah: Thanks for joining us Daniel, all the best.
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