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Stay appraised of all the latest business considerations in the jewelry industry! The report explains how jewelry stores operate, the nature of their revenue streams, value drivers, the industry environment, the risks involved, and other key factors.
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Nine Pitfalls of Valuing OTC Derivatives in the Oil and Gas Industry
Oil and gas firms are in an industry that is highly sensitive and subject to volatility in returns, so these firms use derivatives regularly to manage their risks. Many other companies, including private firms, now use derivatives. For example, an Australian manufacturer that buys parts from overseas may use forward contracts to hedge currency risk. A trucking company might use energy futures to stabilise profit margins. Some derivatives are traded on an exchange, but most derivatives are traded over the counter (OTC).
Empirical Evidence Confirming the Importance of a Transaction Advisor
A recent study conducted by Mercer Capital found empirical evidence supporting the retention of a financial advisor when selling your bank. In this study, the pricing multiples received by those sellers who retained a transaction advisor were compared to ...
Key Takeaways From S&P Capital IQ’s Australian Q1 2015 Market Data
S&P Capital IQ analyses capital markets, observing trends and market performance to provide key insight and perspective into the Australian and New Zealand markets. Of particular interest was the especially strong start outbound mergers and acquisitions (M&A) seen in the year-to-date 2015 and the continuing upward ascent of the initial public offerings (IPO) market.
What to Do About Applying Size Premia in Australia
The size premium is an important valuation issue for two reasons: (1) it is difficult to estimate; and (2) its inclusion in deriving a cost of capital can have a material effect on the outcome of a valuation assignment. This article provides an overview of the current status of the size effect and size premia in Australia, examples of cases from Australian courts and tribunals in which size premia have been considered, and the issues and challenges faced in estimating size premia within the Australian market.
Valuation Issues Pertaining to the Energy Industry—Electric
Presentation at the ASA International Appraisal Conference August 17, 1999 ...
Tax Court Valuation of Public Utility Gets Mixed Marks From State High Court
State Supreme Court says, in valuing public utility, Tax Court had discretion to adopt Commissioner expert’s position on company-specific risk premium and build-up method but failed to explain choice of specific beta factors; Supreme Court remands.
Debtors’ Balance Sheet Not Reliable Indicator of Assets’ Market Value
Court says debtors “appear to be hopelessly insolvent” and rejects shareholders’ call for equity committee; debtors’ prepetition published financials are not “dependable evidence” of assets’ fair market value, even if investors relied on balance sheets.
In Big Buyout Ruling, Minnesota Court Rejects DLOM in Calculating Fair Value
In a forced buyout, court says experts were too partisan to their clients, compromising value analysis; court performs its own valuation using DCF to determine fair value of grocery business and rejects DLOM because no unfair transfer of wealth occurs.
Business Valuation Resources under new ownership - Pratt to devote attention to Shannon Pratt Valuations
I have sold Business Valuation Resources (BVR) to David Foster, a veteran newsletter journalist with a strong dedication to product quality.
Considerations in valuing energy fuels properties
-1- CONSIDERATIONS IN VALUING ENERGY FUELS PROPERTIES Introduction The valuation of mineral deposits is a very complex appraisal problem. There are myriads of variables which are, directly and indirectly, associated with the valuation process. Such deposits are typically considered to have value when they are capable of yielding a profit to an operation, as of the valuation date, by implementing known mining techniques, and applying operating costs, methods, and metal or product prices of ...
Control premiums? Maybe, maybe not'34% of 3rd Quarter buyouts at discounts
Valuation analysts who use the guideline public-company valuation method and then automatically tack on a percentage "control premium" based on Mergerstat Review control premium averages, had bett ...
Congratulations to the ASA and the AICPA on their first-ever National Business Valuation Conference
Held November 13-17 at the Bellagio in Las Vegas, the combined effort brought together most of the leaders of the profession, and approximately 1700 attendees (fewer than wanted to come, since the event sold out early) for several intense days of discussi ...
Private Equity Groups: What Do They Look For?
2006 AICPA National Business Valuation Conference December 3-5, 2006 Austin, Texas ...
Valuation of Healthcare Assets—The Definition, Classification, and Determination of Intangible Assets in Healthcare Service Sector Entities
“Share the Wealth” Institute of Business Appraisers 2001 National Conference Orlando, Florida May 10, 2001 ...
Freyman article on CAPM in renewable energy available
A new analysis by a trio of Grant Thornton experts (Tomas Freyman, Jade Palmer, and Axel Rescanieres) addresses income approach valuation issues in renewable energy—a topic made more important because Europe’s investments in this area increased 52% last year, while the rest of the world, including the US, China, and India, dialed back.
Deer Creek Energy Ltd. v. Paulson & Co. Inc.
Deer Creek Energy Ltd. v. Paulson & Co. Inc. Author(s): Ogilvy Renault LLP The Valuation Law Review - Corporate/Securities Decisions and Certain Regulatory Developments - Volume 16, Issue 2 7/1/2010 for The Canadian Institute of Chartered Business Valuators This article is intended to provide research and informed comments on valuation and related fields. The opinions expressed by the individual writers do not necessarily carry the endorsement of the Institute or its Members Thank you for ...
Deer Creek Energy Ltd. v. Paulson & Co. Inc.
Deer Creek Energy Ltd. v. Paulson & Co. Inc. Author(s): Ogilvy Renault LLP The Valuation Law Review - Corporate/Securities Decisions and Certain Regulatory Developments - Volume 15, Issue 2 5/1/2009 for The Canadian Institute of Chartered Business Valuators This article is intended to provide research and informed comments on valuation and related fields. The opinions expressed by the individual writers do not necessarily carry the endorsement of the Institute or its Members Thank you for ...
BVR's Economic Outlook Update 4Q 08
BVR's Economic Outlook Update 4Q 08 ...
What’s the GROWTH Story?
Editor’s Comments: As an investment banker frequently representing corporate acquirers, it is challenging to ascertain the “real” reason the target company is selling. Often the selling company has laid out a compelling growth plan, but the necessary capi ...
Eating & Drinking Places: Best Valuation Approach to Use and Why
The restaurant industry is a big business. With over 870,000 foodservice locations nationwide and an average daily sales volume in excess of $1.2 billion, the industry is the cornerstone of the nation’s economy.
A tool for shareholder liquidity, estate planning, and management succession planning
- 1 - A TOOL FOR SHAREHOLDER LIQUIDITY, ESTATE PLANNING AND MANAGEMENT SUCCESSION PLANNING By: John A. Kober, Shareholder Boswell & Kober, P.C. Website: www.bosko.com This outline has been prepared to provide general information on the legal issues involving the valuation issues associated with acting as the financial advisor to the fiduciary of the Employee Stock Ownership Plan. Because of its generality, the information provided herein may not be applicable in all situations and ...
McErlean Report to the Treasury Inspector General
Report to the Treasury Inspector General for Tax Administration IRS Violations of Taxpayers Constitutional Right to Uniformity in the Assessment of Taxes Based on Appraised Values 4/20/99 Matthew N. McErlean, MBA, MS, MAI Valuation Subject Matter Expert/Senior Appraiser Coordinated Examination Institute, School of Taxation Corporate Education, Internal Revenue Service 410.308.0359 mcerlean@home.com Table of Contents IRS Violations of TaxpayersÕ Constitutional Rights 1 IRSÕs Position on Its Valuation Practices 6 IRS Rejection of Uniform Standards of ...
What is Reasonable Compensation?
Authored by Kevin R. Yeanoplos, CPA/ABV ASA and Ronald L. Seigneur, MBA, CPA/ABV, CVA ...
Holland v. United States
Full text court case of Holland v. United States.
From a Matrimonial Lawyer's Perspective - Top 10 Most Frequent Errors Made by Business Appraisers
FROM A MATRIMONIAL LAWYER’S PERSPECTIVE – THE TEN (AND A FEW MORE) MOST FREQUENT ERRORS MADE BY BUSINESS APPRAISERS Miriam E. Mason, Esq. Sessums ...