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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of sculptures‚ one of the first that comes to mind is David. This statue was created of marble between 1501 and 1504 and stands over 14 feet high. David is a symbol that represents strength and anger. The statue had intended political connotations for the ruling of the Medici family. Michelangelo used David as model of "heroic courage" to demonstrate that "spiritual strength can be more effective than arms". Michelangelo insisted that David should stand as a symbol of the republic and act as a
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filled with the feces of a thousand pigs. When the noun smell becomes the adjective smelly‚ it changes the meaning-- changes it from an engaging alluring scent to a repulsive‚ vile one. This bad smell resembles the scents of Farty Fred‚ Pig-Pen‚ and David Smith. Groomed and gas filled‚ Farty Fred fears the gas inside him. Hurting‚ bloating‚ rumbling—these symptoms worry Fred he might blow. Judges look closely at him while they examine his smooth fur‚ confident walk‚ and sharp teeth; his perfection
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Comparison of the Davids The statues of David by Michelangelo‚ Donatello‚ Bernini and Verrocchio were representations of a biblical hero the king David of Israel‚ who at a young age killed a warrior Goliath armed with only a stone and a swirl. The four statues are different from each other because they were from different periods and were made from different materials. Each statue is different because of the body posture and clothing choices. All the four statues were made in Italy and that is
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CASE: 1 GEORGE DAVID George David has been CEO of United Technologies Corporation (UTC) for more than a decade. During that time he has received numerous accolades and awards for his performance as a CEO. Under his leadership UTC‚ a $343 billion conglomerate whose operating units include manufacturers of elevators (Otis Elevator)‚ aerospace products (including Pratt & Whitney jet engines and Sikorsky helicopters)‚ air conditioning systems‚ and fire and security systems‚ has seen earnings
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David Sengeh was born in Sierra Leone in 1987. He grew up in the city of Bol where his father was an executive at UNICEF‚ serving as the agencies Planning‚ Monitoring and Evaluation specialist as well as the Deputy Country Representative for Sierra Leone. Growing up in a family of privilege‚ at least by Sierra Leone standards‚ David Sengeh attended private school as a young man‚ but that does not mean he was immune from the atrocities of the civil war raging in Sierra Leone from 1991-2001. Two
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King David was the second king of the United Kingdom of Israel and wrote 78 psalms. In Psalm 8 King David questions God for why man is so important. He also describes how man worships God. King David shows praise and adulation by stressing the importance of Gods creations‚ human beings‚ and his relationship with human beings. Firstly‚ King David emphasizes the importance of Gods creations. God made man ruler of the universe which means man is on earth to protect. Man is very important because
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gather plants and roots‚ and other small herbs‚ screams and cries erupt from the nearby shore. The women and children around myself share concerned looks‚ before one of the children takes off running in the direction of the yells. After a couple of seconds some of the other women and children follow her lead. I take off running after them and hear the shouts grow louder closer to the shore. Leaves whip across my face as they swing back from the running the women ahead of me. I smack them out of the
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No‚ I do not agree that Georgia and the United States were justified in forcing the Indian tribes to leave their homeland and move to the Oklahoma territory. I believe the Tribes were taken advantage of and abused by the states whenever possible. In 1971 the Cherokee tribe was in the process of making treaties with United States. The state of Georgia recognized the Cherokee tribe as a nation allowing them to make their own laws and follow their native customs. In the late 1700’s their land started
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David and Goliath The story of David and Goliath can be thought of as a timeless tale of 1) good versus evil and 2) the fact that the win does not always go to the strongest or biggest‚ it goes to the most determined or strong willed. David‚ the good spirited fighter who wanted to save the Israelites from Goliath‚ for example‚ was eager‚ confident‚ and prepared to win‚ as described in 1 Samuel 17:48 - "David ran quickly toward the battle line to meet the Philistine". David was a hero to
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