Hello people, hope this post meets you well. Today, we will be taking a look at equity valuation, focusing on value concepts. As the week progresses, we will delve into equity risk premium and relate porter’s five forces with equity valuation. Now let’s begin with what equity valuation is.
Cloudera recently announced that it would be offering its stock for sale, with some to be offered by existing shareholders and the remaining to be offered by the company. There are reports that up to US$ 175 million would be offered for sale, and since its announcement, Cloudera’s shares have been down 6.2 percent to US$17.32. It is worthy of note that Cloudera only recently went public in April this year (2017).
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News just out is that Leading Brands, Inc. (NASDAQ: LBIX) has entered into a definite arrangement agreement with Liquid Media Group, Inc. in a transaction that would see Leading Brands, Inc. acquire 100% of Liquid pursuant to a plan of arrangement. Other details of the transaction includes LBIX holding 22.637% shares in Liquid and Liquid current shareholders holding 77.363 percent of the post transaction entity.
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As we all know, Iran is presently unsettled with coalitions against them from Saudi Arabia and Israel with support from other nations including USA, Egypt, Jordan and United Arab Emirates. The reason for the coalition is as a result of accusations against Iran for fueling regional conflicts by supporting armed Shia movements in Syria, Iraq, Yemen and Bahrain.
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The Monetary Policy Committee is meeting on the 18th and 19th of September, and with their meetings comes the review of the macro economic situation in the country, and more importantly to set the monetary policy rate, i.e. the rate at which the CBN lends to commercial banks and other clients. This in turn sets the tone for interest rates on borrowings to individuals or corporates by commercial banks or other lending institutions. The current MPR rate is at 14% and experts believe that the CBN would still retain the rate (having retained the rate for 5 meetings in a row) as the foreign exchange market saw gains during the period and the CBN would be looking to consolidate gains.
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Hi guys, just came across the news that AT&T is considering divesting its Latin American Pay TV to utilize the funds gotten thereof to pay down debts following from its planned acquisition of Time warner. Though it is assumed that the Latin American Pay TV is valued at just around 9 percent of the proposed takeover of Time Warner, valued at US$85.4 billion, it should be able to pay down around 4 percent debt to be incurred by AT&T following the acquisition as it is estimated that AT&T would have around US$ 180 billion after the acquisition.
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In auditing, an auditor cannot just form an opinion on the state of a company’s financial statements without first gathering information and analyzing if the information gathered corroborates with the assertions by the company’s management in the financial statement of the company.
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Hey guys, just read some good news regarding gas production in Nigeria. The news read that a Nigerian energy company, Shoreline, has signed a US$ 300 million agreement with the local unit of shell to develop gas infrastructures around Lagos state, the commercial capital of Nigeria.
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My classmate just got a job as an insurance underwriter, and further to that, I deemed it fit to discuss underwriting to my wonderful visitors. I am quite sure most people have heard the word underwriting at a point in their lifetime, and it is only natural to relate it to investment banks because their underwriting activities are subject to public scrutiny. What most people don’t know is that insurance companies also extend underwriting services to their clients. Today, we would be focusing on underwriting in insurance, but before we begin, let us take a quick look at the differences between underwriting by investment banks and underwriting by insurance companies.
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Fidelity bank recently released their half year statement, and investors saw an impressive 66% yoy increase in Profit to 10.2 billion in 2017. This post would be taking a look at the revenue drivers or cost optimization strategies of Fidelity that helped boost the profit of the company.
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