Suwanasilp – 3344346 Tu Lan – 3282178 Bo Qiu - 3308317 DAVID JONES - BUSINESS ANALYSIS AND VALUATION May 2012 ASB INVESTMENT RESEARCH T A B L E O F CONTENT 1. EXECUTIVE SUMMARY 2. DAVID JONES’ PROSPECT AND THE RETAIL INDUSTRY 2.1 INDUSTRY ANALYSIS 2.2 COMPANY ANALYSIS 3. ACCOUNTING AND FINANCIAL ANALYSIS 3.1 ACCOUNTING ANALYSIS 3.2 FINANCIAL ANALYSIS 4. FORECAST AND VALUATIONS 4.1 FORECAST ASSUMPTIONS 4.2 COST OF CAPITAL – WACC 4.3 VALUE OF DAVID JONES 5. CONCLUSION 6. REFERENCES AND APPENDIX
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There have been many staues of David sculpted by famous artists like Donatello‚ Verrocchio‚ and Michelangelo. Bernini’s version of David and is about to begin his attack on Goliath‚ as he appears posing. The statue seems to be moving through space and the action suggests that the action of flinging the stone requires a lot of room around David. The statue forces the observer to look past the actual subject and focus more on the surroundings. He seems to have very muscular legs‚ and appears to be
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Executive Summary In this report I discuss the comparison of competitive strategies between the two major departmental stores in Australia being David Jones and Target and how they differ from each other. I also discuss the current issues that are faced such as Global Financial Crisis that has had much impact on both stores as well as future threats such as online shopping which is believed to be the latest trend is shopping which has already affected the stores but could make competition even
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Comm 423 The Value of David Beckham Dik Yi Tse (230052113) Ryan Darmasubrata (230055322) The purpose of this paper is to evaluate one of the most phenomenal transfers in the football world. The transferred of David Beckham from Manchester United to Real Madrid has becoming the talk of not just football fans but the financial expert for the last 2 years. Unlike most transfers‚ the David Beckham transfer has revolutionized player transfer in the football world. It became the standing point
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[pic] David McClelland’s Achievement Motivation‚ Manifest Need Theory Post : Gaurav Akrani Date : 6/30/2010 11:27:00 AM IST No Comments Labels : Management [pic][pic] [pic]1. McClelland’s Manifest Need Theory of Motivation. Some people have an intense desire to achieve while others are not so keen about achievement. David C. McClelland had studied this phenomenon for over twenty years at Harvard University and proposed his Achievement Motivation Theory (Also called Manifest Need
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Nguyen Tran Env 411-001 The Deep “The blue planet” was captured By a British (David Attenborough) and presented in 2001. From this document‚ David will show viewers new species that they’ve never seen before. Especially from second episode‚ David specially dived into the Deep Ocean where he called the abyss. Furthermore‚ David also shows us how these species can survive in harsh environment which he called “monster”. In every deep ocean‚ the pressure is very high about 100 times atmosphere that
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Nashville‚ Tennessee to Atlanta‚ Georgia‚ two highly respected colleges sit at the corner of academic excellence and social experience. Both universities provide the opportunity for success for anyone who attends. The choice between Vanderbilt University and Emory University is an extremely difficult one. Based on my research‚ Vanderbilt University and Emory University are both acceptable options of schools to consider because of their excellent major options‚ rigorous academics‚ and a strong social aspect
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1. Introduction The main purpose of this report is to analyse David Jones’ business performance and to determine whether it is a worthwhile investment. Two main points will be closely examined: classification of non-recurring items and recurring items‚ and ratio analysis. First‚ clarifying the generation of income made by ordinary activities and extraordinary activities will enable us to estimate the firm’s real earning power. Second‚ analysing historical financial data‚ using ratios‚ will enable
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During persuasive writing pieces authors try to make you see their point of view as valid. Often times during this process‚ their writing is compromised by the errors they make to prove their point. David Thomas makes many errors in his essay "The Mind of a Man." In his thesis he tries to prove that women are not smarter than men as previously believed‚ but instead that they just excel at different tasks. However‚ throughout his whole essay‚ he describes that boys are discouraged by female teachers
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guilty; this is called a miscarriage of justice. Miscarriage of justice means the failure of a judicial system or court in the administration of justice‚ especially when an innocent is convicted in a crime. An example would be the wrongful conviction of David Milgaard involving the rape and murder of Gail Miller back in 1969. The Canadian justice system failed tremendously wasted millions of dollars and lost the public confidence of the system. More importantly‚ this even took away two decades of one man’s
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