Ben’s direct-to-investor learnings

Hunting: making every milestone count

Reporting, results and roadshows are where listed leaders win attention. Here's how to hunt better, even if you're not a natural extrovert.

Ben WilliamsonBen WilliamsonCo-Founder & Co-CEO, InvestorHub · Part 1 of Hunters and Harvesters · 4 min read

Hunting is milestone-based

Every form of hunting is built around a milestone. I break it into three categories:

  1. 01

    Reporting

    Your key pieces of news: contract and revenue wins, drilling results, studies, new key hires.

  2. 02

    Results

    Half-year and full-year for every listed company, plus quarterlies for about a third of the ASX. Periodic, but still time-boxed.

  3. 03

    Roadshows

    Conferences like Aus Microcaps, call campaigns, and walking up and down Collins Street to see 10 investors in a day.

Hunting: attention spikes at each milestone

One listed company · 12 months

HY resultsRoadshowFY resultsRoadshowJanAprJulOct
ResultsRoadshowsReportingIllustrative

Hunting comes easier to extroverts

If you’re extroverted, you’re more willing to put yourself out there. You’ll pick up the phone to people you barely know, stand in front of a crowd, or pitch the story across a boardroom table.

But I know plenty of introverted listed leaders who run excellent hunting campaigns. What they have in common is that they’ve made themselves comfortable with it. If you want to be a better hunter, it comes down to comfort and friction: increase comfort, lower friction and you will be a world class hunter.

The friction problem

Apart from reporting, hunting is ad hoc. Nothing forces you to book the roadshow or make the calls. If it happens, it’s because you chose to do it. So if you want to increase the frequency of the hunt, you need to lower the friction.

Nobody is more time poor than a listed leader, so this has to be scientific to maximise the time you do have for it. Where are the minutes going, and what are they buying? The better your data and feedback, the more you know what works. And the more you know what works, the more likely you are to keep doing it.

Take results day

You’ve spent months, sometimes years, building to an outcome. You finally achieve it. You fire off the ASX release. Then you hope.

You hope people pick it up. You hope they understand what you wrote and why it matters. You hope they buy, and not just on day one, but on day two, day six and day 12. We don’t want a blip. We want it to hold.

Rather than hoping, put in the minutes and hours to make the most of years of work. That means a plan, broken into steps, each with an owner. The more you break it down, the less uncontrollable it feels, and the more likely the work gets done.

Results day, broken down

Every step has an owner

  1. 1The week before

    • Draft the release and a plain-English summaryCFO
    • Record a short video on what the result meansMD
    • Book the investor webinar for results dayIR
  2. 2Results day

    • Release to the ASX, then email it to your whole listCo sec
    • Run the webinar and take questions liveMD
  3. 3Days 2 to 12

    • Answer every question on your investor hubIR
    • Call the investors who engaged mostMD
  4. 4Before next results

    • Review what moved, for the team and in marketMD + CFO
An example plan. Owners will differ by company.

Then track it. By your next results you’ll know what worked and what didn’t, both for your team and in market, and you can adjust.

Four ways to hunt better

  1. 01Build a processAccept that hunting is more natural for extroverts, and build a process rather than waiting to feel like it.
  2. 02Invest your timeTreat your time as an investment and aim for the best return on it.
  3. 03Track what you doTrack what you do so you can actually measure that return.
  4. 04Break it downBreak every event into small, owned steps so no single part feels daunting.

Do this and the bespoke events stop feeling bespoke. They become more natural, even if you’re not a born extrovert. And each milestone builds on the last, so the market keeps understanding your story long after day one.

Hunting wins the attention. Harvesting is how you keep it.

Next · Part 2

Harvesting

Everything in between: capturing data, content that lasts, and the register.

Read Harvesting

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