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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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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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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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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important aspects of his life. Many characters see Hotspur’s role as a bold fighter and leader. His character is very one sided and shallow‚ and his stubborn nature and short temper send him on the path to destruction in William Shakespeare’s Henry IV. Hotspur is an proficient leader and a daring warrior‚ almost fit to be a prince. He is part of the Percy family of the North‚ which helped give Henry IV the rise to the thrown. King Henry respected Hotspur’s bravery‚ valor‚ honor‚ and determination so much
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Henry IV: Hotspur vs. Harry At the beginning of the play it seems that the chief rebel‚ Hotspur‚ is in dispute with the King but as the play progresses we find that the main contest is between Hotspur and Hal‚ the King’s son. At first thought‚ Hotspur seems to be the easy winner‚ for all Hal does is spend his time with his friends gallivanting around‚ stealing and drinking. Hotspur‚ on the other hand‚ has returned from a battle in which he defeated the Scots led by Glendower. He has taken many
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Many tragic heroes had honor which was either their downfall or their positive trait. In Shakespeare’s Henry IV Part 1‚ Hotspur‚ a hot tempered traitor‚ makes honor his first priority for him and his family . Although the king praised him‚ he led a rebellion against him. In Julius Caesar Brutus‚ a honor driven conspirator‚ believes too much in honor and uses nor as a way to justify his action. He is admired by the Roman people‚ but was easily manipulated into joining a conspiracy and immediately
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