...two sources of income namely the husband earning $100,000 per year as a middle level manager in a fortune 500 Company and the wife who is an attorney and also earns $100,000 per year. The couple has no children and as such they do not have expenses such as school fees, upbringing costs for the children. The couple is middle aged and as such their appetite to risk is relatively lower than their younger counterparts and relatively higher than their older counterparts. This report shall therefore create an investment plan for the couple which shall include the portfolio that the couple should invest in order to realize their investment goals and also to help them minimize the risk associated with such an investment. The report shall peg the performance of the portfolio created against a benchmark and shall then discuss the rationale behind the benchmark portfolio selected. The report shall discuss the portfolio performance over the last five years and determine the average weekly returns of the portfolio over the same period and compare it with the returns of the benchmark portfolio. The report shall then calculate the standard deviation of the portfolio and discuss the factors that led to the performance of the portfolio and the benchmark portfolio such as the economy, market specific factors, industry specific factors, as well as country specific factors. Finally the report shall consider other factors that might have affected the choice of the portfolio. Investment goals and risk ...
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...Ethica Corp. Portfolio Management Final Report April 5, 2016 Executive Summary Client: Ethica Corp. Investment Purpose: Invest $100,000 CAD in 5 stocks Time Horizon: January 29, 2016 - March 24, 2016 Geographic Restrictions: Must include 2 Canadian stocks, 1 American stock, 1 European stock, and 1 Asian or African stock. Investment Criteria: No sin stocks, no financials, no cross-listed stocks, strong CSR, no scandals, and debt levels of less than 40% of total assets. Our chosen securities were: * YAHOO! Inc. * Canadian Utilities Limited * Alimentation Couche-Tard * NEC Corporation * Jungheinrich A.G. After the selection process had been completed, we carefully monitored the behavior of each stock, as well as the exchange rates for the country they were operating in, anticipating future trades and rebalancing. We were able to do this by updating an Exchange Rate Matrix, as well as a Correlation Matrix, which had been constructed during the selection process and used as a decision making tool on scheduled transaction days. Portfolio Performance Ethica Corp.’s portfolio finished down -2.44% over its time horizon. Our unsatisfactory returns were largely due to poor performance in NEC, but were partially offset by a significant gain in YHOO. Jungheinrich rallied shortly before the end of our trading period, but provided a negative return as a result of an incorrectly timed sale of half its position. Canadian Utilities Limited and Alimentation...
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...------------------------------------------------- BUS508 Dr. Etido Akpan, Professor Financial Management Financial Statements and annual reports are crucial tools for evaluating a business and deciding whether or not to invest in that company. Google and Microsoft are two major corporations that lead Internet technology and information retrieval. Both corporations list their financial information on their respective websites (www.google.com and www.microsoft.com) on their Investor Relations pages for easy access. Google Incorporated (Google) was founded in 1998 by Larry Page and Sergey Brin and was incorporated on September 04, 2008. It was named as a play on the term “googol” which is the mathematical word for the number 10 followed by 100 zeros or 10 100. Google started primarily as a search engine, which is a website that searches the Internet for other websites based on terms entered by the user. Other lines of business include advertising, apps (such as Google Docs, Calendar, and email which Google calls Gmail), mobile and the Android operating system, Chrome (Google’s answer to the internet browser), along with various other products. There are approximately 32,400 full time employees with the majority split between research & development and sales & marketing, the remainder being in general or admin and operations ("Company," n.d.). Advertising is Google’s primary source of income, generating 96% of their 2011 revenue, with the remainder of income coming from...
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...particularly US companies that cross-list in the NYSE Euronext equity-based exchange. We look at the number of US firms cross-listed in this exchange and then study one of these companies specifically, Cliffs Natural Resources, Inc. In addition, we explore the importance of cross-listing in NYSE Euronext as well as: the benefits, costs and requirements of fast path cross-listing and the trading volumes of the shares transacted in the exchange. The foundation of our case study is based on Cliffs Natural Resources Inc. (CLF), an international mining and natural resources company headquartered in Cleveland, Ohio. Formerly known as Cleveland-Cliffs Inc., the company was founded in 1847 (Yahoo Finance). CLF is North America’s larger supplier of iron ore. The Company produces iron ore pellets and metallurgical coal. CLF operates in four segments: U.S. Iron Ore, Eastern Canadian Iron Ore, North American Coal and Asia Pacific Iron Ore. In the United States, it operates five iron ore mines in Michigan and Minnesota, five metallurgical coal mines located in West Virginia and Alabama and one thermal coal mine located in West Virginia. It also operates two iron ore mines in Eastern Canada that primarily provide iron ore to the seaborne market for Asian steel producers (NYSE Euronext). As part of their growth strategy and due to its largely increased presence in the international market, CLF decided to “take advantage” of cross-border listing. On March 11, 2009 the company announced its...
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...Introduction………………………………………………………………………..…………4 3.0 Company profile……………………………………………………………………..……….4 3.1 Google………………………………………………………………………..……….4 3.2 Market performance…………………………………………………………..………4 3.3 Yahoo…………………………………………………………………………………5 3.4 Market performance………………………………………………………………..…5 4.0 Financial ratios………………………………………………………………………………..6 5.0 Interpretation of ratios…………………………………………………………………….….7 5.1 Profitability ratio………………………………………………………………...……7 5.1.1 Return on asset…………………………………………………………...…7 5.1.2 Return on equity…………………………………………………………....7 5.2 Efficiency ratio…………………………………………………………………….....8 5.2.1 Gross profit margin………………………………………………………….8 5.2.2 Net profit margin…………………………………………………………….8 5.3 Liquidity ratio…………………………………………………………………………9 5.3.1 Current ratio…………………………………………………………………9 5.3.2 Quick ratio…………………………………………………………………10 5.4 Leverage ratio………………………………………………………………………..10 5.4.1 Debt to equity ratio………………………………………………………...10 5.4.2 Debt ratio………………………………………………………………..…11 5.5 Investment ratio……………………………………………………………………...11 5.5.1 Price/earnings ratio………………………………………………………...11 5.5.2 Price/book value ratio……………………………………………………...12 6.0 Cash flow statement analysis………………………………………………………………...13 6.1 Cash flow data for both companies………………………………………………….13 ...
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...particularly US companies that cross-list in the NYSE Euronext equity-based exchange. We look at the number of US firms cross-listed in this exchange and then study one of these companies specifically, Cliffs Natural Resources, Inc. In addition, we explore the importance of cross-listing in NYSE Euronext as well as: the benefits, costs and requirements of fast path cross-listing and the trading volumes of the shares transacted in the exchange. The foundation of our case study is based on Cliffs Natural Resources Inc. (CLF), an international mining and natural resources company headquartered in Cleveland, Ohio. Formerly known as Cleveland-Cliffs Inc., the company was founded in 1847 (Yahoo Finance). CLF is North America’s larger supplier of iron ore. The Company produces iron ore pellets and metallurgical coal. CLF operates in four segments: U.S. Iron Ore, Eastern Canadian Iron Ore, North American Coal and Asia Pacific Iron Ore. In the United States, it operates five iron ore mines in Michigan and Minnesota, five metallurgical coal mines located in West Virginia and Alabama and one thermal coal mine located in West Virginia. It also operates two iron ore mines in Eastern Canada that primarily provide iron ore to the seaborne market for Asian steel producers (NYSE Euronext). As part of their growth strategy and due to its largely increased presence in the international market, CLF decided to “take advantage” of cross-border listing. On March 11, 2009 the company announced its...
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...EXECUTIVE SUMMARY: The report intends to provide the CEO of Yahoo! Inc with a marketing and financial plan to turnaround the company. Yahoo! Inc is facing significant threat from rival companies such as Google, MSN, AOL, Face book etc. The report has provided an overview of the company and the industry in which it is operating. The industry analysis has been done using porters five forces analysis. The analysis indicates that Yahoo! Inc is facing a moderate threat of new entrants. The industry has a moderate level of bargaining power of suppliers. On the other hand, the buyers have a higher degree of power. Moreover the threat of substitute products is also high. Yahoo! Inc is facing competition in the domains of search, communication, advertising and social networking from some major companies as rivals, thus resulting in high threat of competitors. The report has also analyzed the position of the competitor companies from their market and financial position. Yahoo is focusing on the target market of people belonging to different age groups, professions and lifestyle. The marketing and financial plan is based on the central objective of increasing the market share, sales and revenue of the company. It has been recommended that in the domain of marketing, the company should focus on developing its search, communication and media functions to fulfill the individual, professional and social needs of the people. Moreover, investment in social networking can also be beneficial....
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...– U.S. Equity Research February 4, 2008 Rating Information Sector Rating Target Price YE ’08 Long-Term Growth Market Weight 26.23% (YHOO-$28.38-Outperform) MicroHoo!: Where are We Now & Where Do We Go From Here? Trading Data 52-Wk Range Market Cap. Shares Out. Dividend Yield Avg Daily Vol. Float Yahoo! Corp. $18.58 - $34.08 $25,459 MM 1,336.4 MM 0.0% 27,140,000 NA Source: FactSet It’s not often that management of a company sees its stock skyrocket ~50% in one day and have to ask themselves “Is this the best day in company history or the worst?” We believe Yahoo!'s valuation has being hampered by near-term investment concerns which weighed on investor realization of the long-term potential and value of the company. As we pointed out in our 4Q earnings note, we thought the near-term investor disappointment created an opportunity for any suitor that was remotely serious. Fundamental Data EV/EBITDA Enterprise Value LT Debt to Total Cap. Book Value 16.4x $24,681.6 MM 0.0% $7.00 • Implications to Traffic and Search Market Share. Domestically, Yahoo! and MSN together command 11% in page views market share, more than double Google’s 5% market share. In the international market, however, Yahoo! and MSN jointly account for 8% of total page views, still slightly lower than Google at 9%. On Search, the combination of Yahoo! and MSN would represent 33% of query market share in the domestic market and 17% in the international...
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...1.0 Introduction This report will determine two different companies which are Public Bank Group and Nestle Sdn Bhd are selected from listed companies for this report. Both of these companies come from a different economic sector where Public Bank Bhd is in banking sector while Nestle (M) Bhd is from Food sector. 2.0 Part A :History and Chairman Review of Two Listed Companies 2.1 Background of Company 2.1.1 Background Public Bank Berhad Source: Public Bank Berhad, 2012. [online] Available at:<http://www.pbebank.com/corporate/> [Accessed 1 December 2012] Public Bank founder and chairman, Tan Sri Dato' Sri Dr. Teh Hong Piow started establish Public Bank and conception it as a bank for the public in 1966. Public Bank Group, a total of 401 branches and more than 17,500 employees to service the financial needs of the community in Malaysia and the other countries of the Group operates over 800 million customers. The journey of 45 years of growth, the Public Bank Group's asset size at the end of 2011, the third largest banking group in Malaysia, with total assets of RM249 billion. Bank Group in Southeast Asia, the Group was ranked sixth in the size of the assets at the end of September 2011. 1967 is the largest non-government-linked companies listed on the Main Board of Bursa Malaysia, Public Bank in Malaysia's market capitalization at the end of 2011, which stood at RM47 billion. (Public Bank Berhad,2012) | Attachment of the full Financial Result Announcement :...
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...CASE STUDY FOR NIKE ------------------------------------------------- COMPANY PROFILE NIKE, Inc. (NIKE), incorporated on September 8, 1969, is engaged in design, development, marketing and selling of athletic footwear, apparel, equipment, accessories and services. NIKE is a seller of athletic footwear and athletic apparel across the world. ------------------------------------------------- Competition With Adidas Heating Up in Europe Nike has been gaining market share in Europe. According to data from Euro monitor, Adidas had 13.2% share of the western European sporting goods market in 2012, while Nike’s share stood at 12.4 percent. Nike reported an 11% rise in sales in western Europe in the first half of fiscal 2014, while Adidas posted a fall of 6 percent at constant currencies in its third quarter. The competitor gaining the most ground as of 2014 is Under Armour. The company is actively pursuing lucrative U.S. sponsorship deals similar to Nike’s, giving it a growing piece of market revenue. In Europe, Adidas is developing new products to compete head to head with the giant. Chinese companies Anta and Li Ning show a steady increase in sales within China. Both Puma and Skechers occupy a smaller part of the athletic apparel market, but both enjoy increasing revenues. ------------------------------------------------- KEY ISSUES OF NIKE Like almost every other global supply chain, Nike's global supply chain is a complex network that directly connects and impacts...
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...Finance Analysis Paper Yahoo! Finance Yahoo! Finance is a service from Yahoo that provides financial information in various ways including stock quotes, corporate press releases, financial reports, stock exchange rates as well as popular message boards for discussing a company's forecasts and stock valuations. It holds the title for the top financial news and research website in the United States, with an astounding 23 million visitors in February 2010. It also offers tools for personal finance management. Yahoo! Finance includes similar portals identified to diverse large countries in South America, Europe, and Asia. Yahoo! is one remarkable website that is not only a favorable site for people linked with finance but is fairly easy to navigate. Anyone from experts who are tech-savvy to beginners who are just exploring the world of technology will able to find the most up to date and beneficial information regarding finance and investment with this website. There are many practical tools such as currency calculators, and a finance glossy that will help you uncover the world of finance and even personal investments you may be interested in. This site offers information in personal finance, latest news and of course investing. These sections are then sub-divided into additional categories that will help fulfill your curiosity in finance. Beginners especially will be excited to learn and understand the concepts of the finance market more properly. A few helpful sections beginners...
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...countries, subsidiaries name include: Cole Haan, Converse Inc., Hurley International LLC, Nike Golf, Umbro Ltd., to name a few. As of May 31, 2009 Nike operated 338 retail stores in the United States of America and 336 retail stores internationally. (U.S. Securities and Exchange Commission, 2009) Financial Performance Nike is definitely the leader within its sector of footwear and accessories. Nike does show vulnerability due to a decline in 2009 compared to 2008 in regard to the Net Income. In 2008, Nike showed a growth within the Net income ratio totaled to 26.28%, in 2009 Nike net income ratio equaled 21.06% showing a decline of 5.22%. The Cash Flow of Operation show a decline from the previous year as well; however, the company strength is still standing strong at 1.74 billion. Increase in the capital transpired in November 19, 2009, which reflects growth in regard to the Total Revenue and Gross Profit Margin; the...
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...Compare and contrast the companies' respective approaches to developing competitive advantage. Harley Davidson advantage The Harley-Davidson brand is perhaps the most important and valuable aspect to the firms SCA. The brand is heavily used and widely recognized; all told the HD brand was ranked as the 41st most valuable brand in 2003. Further the brand has been described as “self-reinforcing” thus representing that customers, both past and present often return for additional purchases (accessories, customization, and services) or to trade-up into a new bike (voices.yahoo.com). Heavily linked to the social and psychological factors of the consumer experience the HD brand produces high levels of emotion for its customers; so much so that the brand will most likely live strong well after the company has ceased to operate. By the utilization of product differentiation, low production numbers, above average costs and the non-tangible factors of sociological and lifestyle facets HD fulfills its current target markets desire for status, exclusivity, individuality, and emotional attachment and needs (voices.yahoo.com). It is these key aspects that allow differentiation; and thus how the firm competes and offers uniqueness to its customers. Google advantage Google has a number of advantages, perhaps foremost being the massive investments in its built infrastructure. Google’s mission of “organizing the world’s information” requires more than the most sophisticated software; it necessitates...
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...University of Ballarat Australia Accounting for Managers (BSMAN 3009) Company Analysis and Report Student Name : Xie Shanling Student ID : G1032489R Due Date : 29/09/2013 Submitted to : Mr. Yang Word counts : 2701 words (exclude references) Table of content 1. INTRODUCTION 3 1.1 Rule 7: Principal Actively 3 2. A brief introduction of DANG and YOUKU 3 2.1 Introduction of DANG 3 2.2 Introduction of YOUKU 3 3. SWOT ANALYSIS 4 3.1 SWOT analysis for DANG 4 3.2 SWOT analysis for YOUKU 4 4. RULE 1: FINANCIAL HEALTH 5 5. PROFITABILITY 5 5. 1 Rule 2: Management Assessment 5 5.1.1 Market Capitalization 5 5.1.1.1 Market Capitalization of DANG 5 5.1.1.2 Market Capitalization of YOUKU 6 5.1.2 Benchmark of Lincoln Indicators 6 5.1.3 Calculation of four ratios for DANG 6 5.1.3.1 ROA 6 5.1.3.2 ROE 6 5.1.3.3 EPS growth 6 5.1.3.4 Revenue Growth 7 5.1.4 Calculation of four ratios for YOUKU 7 5.1.4.1 ROA 7 5.1.4.2 ROE 7 5.1.4.3 EPS 7 Formular: EPS = net profits/total shares. 7 5.1.4.4 Revenue Growth 7 5.2 Rule 3: Outlook/Forecast 8 5.2.1 Forecast for DANG 8 5.2.2 Forecast for YOUKU 8 6. MARKET PERFORMANCE 8 6.1 Rule 4: Share Price Value 8 6.1.1 Estimated share price of DANG 8 6.1.2 Estimation share price of YOUKU 9 6.2 Rule 5: Share Price Sentiment 9 7. LIQUIDITY AND SIZE 10 7.1 Rule...
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...International Business Machines Financial Analysis International Business Machines (IBM) has many competitors and given the breadth of markets the company does business in, the closest and most fierce competitor the company has is Hewlett-Packard Co (HPQ). This financial analysis looks at both businesses’ financial performance for fiscal years 2006-2010. Chart data will be provided for each of the major metrics being evaluated. To begin this analysis we will look at both companies Gross Revenue in this time period. Gross Revenue (Source – MorningStar, 2011) Company Name | 2006 | 2007 | Growth 2006 - 2007 | 2008 | Growth 2007 - 2008 | 2009 | Growth 2008 - 2009 | 2010 | Growth 2009 - 2010 | IBM | $91,424.00 | $98,786.00 | 7.45% | $103,630.00 | 4.67% | $95,758.00 | -8.22% | $99,871.00 | 4.12% | HPQ | $91,658.00 | $104,286.00 | 12.11% | $118,364.00 | 11.89% | $114,552.00 | -3.33% | $126,033.00 | 9.11% | *Dollar figures are in millions. IBM’s Gross Revenue of $91,424M in 2006 was comparable to the performance of HPQ for the same time period. HPQ saw significant growth over the next two time periods while IBM appeared on the decline performance-wise. Both companies saw negative growth in the year ending in 2009 which is attributable to the economic recession. Both companies have recovered well since that point with HPQ leading the financials over IBM with 9.11% growth in 2010 against IBM’s paltry 4.12%. Performance in 2010 will be the focal point of the discussion...
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