Using multiple forecast scenarios has been a commonly practiced approach to market volatility—and many UK business valuers are now saying that it should be used more widely.
20-21 August: ICAEW Excel Modelling—Investment Appraisal, Valuation and Business Cases, virtual, 9:15-12:30 BST both days (repeated live 30 October and 4 December ...
The phrase ‘fair value’ continues to bedevil the high courts and create very different expectations when parties are forced to figure out what to pay when buying and selling.
Sources such as BVR/FactSet’s Control Premium Study (CPS) often support price premia above 25% as the assumed benefit of a controlling interest.
PwC’s engagement to calculate the fresh capital needed to keep the remainder of ailing Travelex afloat has been completed with an agreement to provide £84 million.
Neil de Gray, a director in the Toronto office of Duff & Phelps, makes a strong argument for the use of business valuation professionals in any calculation of damages in his new guide The Financial Damages Model for Loss of Value, published late last month by Lexology.
The IVSC’s Advisory Forum Working Group (AFWG) is inviting representatives of IVSC member organisations to join their meeting on 28 September.
HM Treasury announced the relaunch of an independent review of the UK’s FinTech sector last week.
Quarterly economic indicators are barely sufficient for business valuers now.
The short answer is ‘virtual.’
Can you simply reduce the value of all private companies in the UK? Scottish Mortgage and IPEV say yes.
Investment trust Scottish Mortgage, managed by Baillie Gifford, provided a simple solution in April by cutting the value of private companies in its portfolio to recognise the fact that private-company valuations are not insulated from public markets.
A new research study—‘International Valuation: A Proposed Method Using the Constant Perpetual Growth Model,’ by Thomas J. O’Brien (University of Connecticut—Department of Finance)—attempts to reduce valuation mistakes introduced by cross-border foreign exchange and cash-flow risks.
‘The valuation profession has always played an important role in the financial reporting process.'
A new report from Deloitte Middle East and Saudi Authority for Accredited Valuers TAQEEM, ‘The Future of Intangible Assets in the Kingdom of Saudi Arabia,’ presents a comparative analysis with Tadawul, the Saudi Arabian stock index, to establish that ‘the Saudi Arabian economy is at the start of a similar transition’ as those experiences in UK and North American markets.
6 August: International Association of Certified Valuation Specialist Africa Charter (IACVS-Africa), Discounted Cash Flow Versus Capitalization of Earnings, free webinar, 15:00 BST ...
The next in a long series of helpful free virtual panels occurs tomorrow evening 22 July.
HMRC changes have increased the difficulty of providing support for rates of return for illiquid and difficult-to-market minority shares.
COVID-19 has substantially affected the financial and economic characteristics of privately held and publicly traded businesses.
IVSC interviews European Financial Reporting Advisory Group on new intangibles reporting issues and other topics
The new interview on the interaction between European views on IASB standard-setting and the valuation professions is now available from IVSC.
22 July: IVSC Standards Boards Update on Future Programmes, 14:00-15:00 BST, virtual conference call ...
10-13 July: ICVS-A Advanced Studies in Financial Instruments, virtual training ...
‘There had been a consistent thread running through UK Court decisions of a preference for broad professional judgement over mathematical precision,’ says Andrew Strickland (FCA) in his new analysis, which appears in the July issue of Business Valuation Update.
The 1Q 2020 Control Premium Study report is now available, and we have updated the online FactSet Mergerstat/BVR Control Premium Study platform to include the latest analyses.
Most business valuers consider a size premium when calculating cost of capital for financial reporting purposes.
The FT ran a long interview with Gus O’Donnell last week, saying that ‘a UK wealth tax is more likely than ever because of the reordering of politics caused by the coronavirus pandemic.’