Polaris Securities Co. Ltd

and provide more value for the shareholders. The pro forma statements show that Polar Sports will be

Week 7 Chapter 6: Investors in the Share Market True/False QUESTIONS 1. Investing in shares of publicly listed corporations should, on average, over time provide a higher return than investing in fixed-interest securities. a. True b. False 2. Investments through a stock exchange are limited to ordinary shares issued by listed corporations. a. True b. False 3. Portfolio theory contends that a diversified share portfolio enables an investor to significantly reduce the portfolio’s exposure to systematic risk. a. True b. False 4. A share that has a beta of one is twice as risky as an average share listed on a stock market. a. True b. False 5. Shares that typically demonstrate a negative price correlation will usually move in the same direction

“Financial Statements…provide key information for internal and external decision making.” (Horgren, et al., 2015). Through analysis of the financial information of both JB Hi-Fi and Dicksmith, I have found that investing within JB Hi-fi would be a more profitable and beneficial for shareholders. Moreover not only does JB hi-fi’s financial information (Appendix 1) show that return on Shareholder’s equity is close to 48% of each dollar

Which classification system is available with EQS as a criteria for your screen of equities?

Based on the outlook by Verizon Communications, Inc. in their 2010 Annual Report, the investing that they do will increase the infrastructure in their telecommunication networks. Not only does the data show an increase in the national market, but there is an indication that investing globally will also increase the capabilities of Verizon’s telecommunications. The outcome shows that the investing potential is in Verizon’s favor.

After identifying and developing a comprehensive panorama on the activity of both companies, their respective targeted customers and the industry in which they operate, the next step involves examining and analyzing the financial records of both companies. To be able to generate accurate interpretations based on the financial parameters and standing of both companies, I utilized the annual financial reports for fiscal years 2012, 2013 and 2014 to help me develop a better understanding and thorough perspective. Based on the presented information in the entirety of the report, also accounting for balance sheet, income statement, cash flow statement, stockholder’s equity statement and related

Introduces the concepts of finance. Reviews the basic tools and their use for making financial decisions. Explains how to measure and compare risks across investment opportunities. Analyzes how the firm chooses the set of securities it will issue to raise capital from investors as well as how the firm’s capital structure is formed. Examines how the choice of capital structure affects the value of the firm. Presents valuation and integrate risk, return and the firm’s choice of capital structure.

In an effort to increase market performance, post-IPO, Steelcase completed the merger with a previous joint venture, Strafor, without considering the effects of IR reporting. Due to the delays in Stafors’ customer payments, Steelcase incurred a collection risk in their financial disclosures creating investor anxiety. IR image-shaping factors, such as disclosure, shareholder structure and visibility are the obligatory aspects of IR reporting (Hoffmann & Fieseler, 2012). Of the nonobligatory factors, Steelcase neglected to provide a quality of communication with a reluctance to share publicly its inner decision-making processes from investors due to a corporate culture derived while privately owned. In addition, the information that was provided was inconsistent, and created surprise and anxiety with investors. These mistakes became costly in terms of investor confidence and market

4. AQR’s strategy was required by regulators to be sufficiently diversified among assets, industries as well as companies. And to compare the profitability of both strategies, we estimated the expected returns and risks measured by different ratios, shown as below.

The purpose of this report is to perform a comparative analysis of the profitability of two potential equity investments: Auto Wash Bot Ltd. (AWBL) and Popeye’s Muscle Wash Ltd. (PMWL). AWBL is selling 50% ownership for $100,000 in efforts to pursue expansion in the mobile device industry, and PMWL is selling 100% of its business for $100,000 to pursue retirement. A complete analysis of each company’s income statement will report key issues in both firms, as well as offer a

They have a global structure to ensure satisfaction with strategic and financing needs of clients around the world. In the institutional client services segment they facilitate client transactions and make markets in fixed income, equity, currency and commodity products—primarily with institutional clients (GS). In addition to this they make markets and clear client transactions on major stock options and futures exchanges worldwide, provide financing, securities lending and prime brokerage services (GS). Although revenues from these activities are decreasing it is still by far the greatest source of their revenue (GS).

For us the dream is individually defined. It may be that moment of escape on

The current capital structure is not appropriate for Polaroid, and it will inhibit the company’s ability to meet future financial demands. After analyzing Polaroid’s current debt maturity structure, the group concluded an eventual downgrade of the company’s BBB bond rating by the end of 1996 according to the coverage ratios. The cost of debt drastically increases when a company enters the non-investment-grade status, while the switch amongst investment-grade ratings is relatively marginal. Exhibit 1 shows the maximum amount of debt Polaroid could have for each credit rating. Polaroid’s current investment-grade rating must be maintained to keep costs low and protect the Polaroid brand name. To maintain this rating, Polaroid needs to stop repurchasing stock and have an issuance of equity in 1996 to avoid a downgrade to junk status. Polaroid needs to make these changes to its capital structure to have flexibility and preserve its bond rating. Any persisting needs can be funded through debt financing.

In the second week of June, 1988, executives at BW/IP International, Inc. were assembling materials for a presentation they would make to their bankers on June 15. They recently had agreed to acquire United Centrifugal Pumps (UCP) for $18.5 million. UCP 's product line complemented BW/IP 's extremely well and the managers of BW/IP 's pump division were eager to combine the two. Nevertheless, BW/IP 's bank lenders were expected to be somewhat less sanguine. Only a year ago, in May 1987, they had lent $131 million to finance a $235 million leveraged buyout (LBO) of the company. BW/IP had performed according to expectations since then, but it still carried total

Corporate strategy is the overall scope and direction of a corporation and the way in which its various business operations work together to achieve particular goals (Luthra, 2018). In the Polaris Reports 2017 Fourth Quarter report, Polaris reaffirmed their vision and strategy by identifying five major objectives. The five objectives are; being the best in power sports, growth through adjacencies, global market leadership, safety and quality a competitive advantage, and becoming a productivity powerhouse (Polaris Industries, Inc, 2018). These objectives were identified after their Strengths, Weaknesses, Opportunities, and Threats (SWOT) process and the strategic planning process was completed. Polaris end state was a “net income growth of greater than 15 percent compounded annually through 2022” (Polaris Industries, Inc, 2018).