Tottenham Hotspur plc 1. First‚ calculate FCF. As written in the case‚ both depreciation and CAPEX grows 7% annually and I assumed change in NWC is consistently 0. Given discount rate is 10.25%. I put 1% perpetual growth on CF projection after 2020. The NPV of CF is 79.13 (in M GBP) as below. Since EV is 79.93 and net debt (total debt – cash and equivalents) is 16.79‚ therefore we can say that E is 63.14. On the other hand‚ as its current stock price of £13.80‚ the market capitalization
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refer to exhibit DCF Analysis in attached excel file. Results shown in exhibit DCF Analysis‚ with an NPV of 142.2166 million and 9.29 million outstanding shares‚ we compute the share price to be $15.3087. Thus‚ we believe the stock price of Tottenham Hotspurs is undervalued relative to its current stock price ($13.80). Question 2: Sorry‚ but I do not know how to derive and analyze the share price of different comparable
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Tottenham Hotspur Case Summary Tottenham Hotspur (Spurs) is a English Premier League (EPL‚ Premiership) soccer club based in London‚ UK. Founded in 1882‚ it is one of the oldest teams in the premiership. Since 1981‚ the team’s main shareholder has been ENIC International Ltd‚ an investment company owned by Joseph Lewis. In fact‚ Tottenham Hotspurs chairman‚ Daniel Levy‚ is a partner at ENIC Ltd. By June 2007‚ ENIC had acquired 82% of the club’s shares‚ with no other shareholder owning more than
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Introduction Tottenham Hotspur Football Club is an English football club that founded in 1882 and located in Tottenham‚ London. Tottenham has been playing in the English Premier League and was one of the oldest teams ever played in the Premiership. Tottenham was the first English football club to achieve the League and FA Cub Double by winning the competitions in the 1960-61 season. Tottenham’s history shows a successful career with the trophies for the past six decades. Tottenham own a home stadium
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Administration Cohort 15 SBFI6020 – Advanced Corporate Finance Tottenham Hotspur ID#: 620039225 Date: January 30‚ 2013 Lecturer: Harry Abrikian MEMORANDUM TO: FROM: DATE: SUBJECT: Daniel Levy‚ Chairman Tottenham Hotspurs Football Club Davion Bramwell‚ Consultant‚ Solutech Innovation January 30‚ 2013 New Stadium and Player Acquisition As requested‚ the report outlines the analysis of the options available to Tottenham Hotspur Football Club (THFC) for generating more revenue in order to gain
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English II Spring 2013 Character Analysis: Hotspur Hotspur is seen as a one-dimensional character‚ a bloodthirsty warmonger. His Loyalty to his brother-in-law and the Percy namesake outweighs his loyalty he should have for his King (commander and Chief). This will be his ultimate downfall such as a man who would attempt a coup. He is a formidable warrior such as Sgt York & John F. Kennedy. These young warriors gained respect and notoriety because of courage under
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a) The named organization that is being discussed in this case study is FirstGroup PLC which is a transport company based in the UK. It generates revenues of approximately 5 billion pounds every year and employs staff of over 137‚000 over the UK and North America. The estimated amount of passengers that this company transports is about 2.5 billion per annum. That was a brief overview of the organization that is being dealt in the case study. Moving onto PESTEL which is the brief analysis of any organization’s
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Anne Frank and her family are Jews living in Nazi-occupied Amsterdam‚ during World War II‚ and she received the diary as a birthday present. She describes the other presents she received and the day she spent at the Jewish school she attends. In her next two entries‚ she describes the girls and boys at her school. She is quite forthright about them all‚ and describes who she likes and who she doesn’t like. She describes one boy‚ Maurice Coster‚ as being one of her many admirers‚ so it appears that
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8 January 2013 DEBENHAMS PLC INTERIM MANAGEMENT STATEMENT Debenhams plc‚ the leading international‚ multi-channel brand‚ today announces its interim management statement covering the 18 weeks to 5 January 2013. Highlights • • • Good sales momentum: 18 weeks LFL sales up 2.9% Highest ever December sales: five weeks to 5 January LFL sales up 5.0% Online sales ahead of expectations: 18 weeks up 39.0% Michael Sharp‚ Chief Executive of Debenhams‚ said: “I am pleased with our performance
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Actavis Plc is a global integrated company that focuses on research‚ development and distribution of high quality generic and revolutionary branded pharmaceutical products. The company is committed to identifying opportunities that enhance the corporate goals of the Organisation and prosper competitive leverage. This report is compiled to evaluate the efficiency and productivity in the Malta Actavis plant. Encountering substantial challenges‚ which have been brought about by launching new products
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