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
Premium Financial ratios
Donatello’s David I have chosen Donatello’s David as the source of analysis for this paper. David was designed and created by Donato di Niccolo di Betto Bardi‚ but he was known as Donatello. Donatello was an early Renaissance Italian painter and sculptor from Florence. He was known for utilizing perspective illusion in his work. David was perhaps one of the greatest sculptor created during the Renaissance period and was also the first large-scale bronze nude statue of that time. David was a nude
Premium Renaissance Florence
Chapter 8: Hypothesis Testing: 8.1 Review and Preview: The two main activities of inferential statistics are using sample data to (1) estimate a population parameter (such as estimating a population parameter with a confidence interval)‚ and (2) test a hypothesis or claim about a population parameter. Hypothesis: a claim or statement about a property of a population Hypothesis test/test of significance: a procedure for testing a claim about a property of a population Population proportion
Premium Statistical hypothesis testing Statistics Null hypothesis
David and Solomon King David proved to be a wise and effective leader for Israel. However‚ it can be said that his son‚ Solomon‚ made several mistakes during his reign. Many of his problems originated from his Temple‚ a structure that was conceptualized by his father to be a deterrent against the paganism‚ which infested the land. Yet‚ it seemed as if several of Solomon ’s policies actually encouraged paganism rather than deter it. King David‚ a member of the tribe of Judah was chosen by
Premium Solomon Kingdom of Judah Jerusalem
David Suzuki Introduction Challenge means ‘A task or situation that tests someone’s abilities’ (Google Dictionary) and David Suzuki has experienced such tests many times in his life. David was born in Vancouver on the 24th of March 1936. He is a third generation Canadian. His grandparents were from Japan and his many life challenges were due to his nationality because of the attack in Pearl Harbour brought upon by Japan. Because of David’s nationality‚ he‚ his parents and his three sisters were
Premium World War II
environment 1. Board of Directors and Management Structure David Jones has a skilled‚ experienced and expertise Board of directors which is accountable for caring the rights‚ interests and the management of David Jones. Chief Executive Officer and Managing director are responsible for setting strategy‚ planning and administration for the company on daily basis. Paul Zahra has been “Chief Executive Officer and Managing director” for David Jones since 18 June 2010. Mr Zahra has more than 30 years’
Premium Corporate governance Board of directors Management
Numerical and Verbal Hypothesis Statement In business‚ small and large or personal the ability to have information to make a decision is essential. “Hypothesis testing is used in both science and business to test assumptions and theories and ultimately guide managers when faced making decisions.” (Doane & Seward‚ 2007‚ page 347‚ Chapter 9). We reviewed and analyzed the data set‚ Real Estate and developed a hypothesis test. The hypothesis test can be described with the following steps: Step 1:
Premium Statistical inference Standard deviation Statistics
Statistical Methods & Capital Markets Testing Random Walk Hypothesis Nicolas Mancini * Table of Content Abstract Theoretical background Methodology Data & Results Comparison Conclusion References ------------------------------------------------- I. Abstract The aim of this paper is to test the random walk hypothesis by applying the runs test on time series of several selected stocks. The random walk theory is the theory that stock prices changes have the same
Premium Investment Generally Accepted Accounting Principles Balance sheet
2 Internal analysis 7 2.2.1 Competitive strengths 7 2.2.2 Strategic Competitive Advantage 7 2.2.3 Conclusion internal analysis 7 2.3 Conclusion on strategic analysis 8 3.0 Strategic direction and strategic objectives 8 3.1 David Jones vision 8 3.2 David Jones mission 8 3.3 Objectives 9 3.4 Stakeholder analysis 9 4.0 Key broad business-level and international strategies 10 4.1 Ansoff’s product/ market business level strategies: 10 4.2 Miles and Snow’s strategic 11 4.3 Porter’s
Premium Strategic management
David Parker Ray What makes a person get to the point that they want to take another person’s life‚ or inflict pain on another human being just for the pure pleasure of it? To understand a serial killer it is necessary to look into their pastto see if there was any mental problems as a child or teenager. Poverty or low socioeconomic status and childhood abuse and humiliation can cause many serial killers to feel worthless and inadequate‚ so terrifying victims is a sense of power (Social Structure
Premium Crime Sociology Serial killer