Finance Assignment | Financial Analysis Report
10 Pages2365 Words93 Views
Added on 2020-05-16
Finance Assignment | Financial Analysis Report
Added on 2020-05-16
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Running Head: FINANCE FOR BUSINESSFinancial performance analysis
Finance for business 1ContentsIntroduction...........................................................................................................................................2About the company................................................................................................................................2Structure of Governance and ownership................................................................................................2Calculation of key ratios........................................................................................................................2Share price analysis...............................................................................................................................4Announcements made...........................................................................................................................5Stock analysis........................................................................................................................................5Computation of WACC.........................................................................................................................7Debt Ratio analysis................................................................................................................................7Dividend policy.....................................................................................................................................7Recommendation...................................................................................................................................8References.............................................................................................................................................9
Finance for business 2IntroductionThe report contains an overall analysis of company’s financial performance. It includes the calculation of key ratios like ROA, ROE and debt ratio. It also includes the estimation of WACC, analysis of debt ratio and details about the movements in stock prices and dividend policy followed by the company. About the company Abilene Oil and Gas Limited is an Australian company engaged in production, development and exploration of resources, focusing on oil and gas. It operates in the exploration sector within United States. The strategy of the company is to build oil production assets, increase drilling location and to add exploration possessions in the region. The main aim of Abilene is to target high return projects and raise funds by keeping the overheads and corporate costs low. It holds interest in projects like Klick East Oil field, Welch-Bornholdt Wherry project, Kinsley Prospect situated in Oklahoma and Kanas and many other projects. The company is listed on ASX with a ticker ASX: ABL (Abilene.com.au, 2018).Structure of Governance and ownershipMain substantial shareholders20% or more shareholdings: Holdrey Pty Ltd with a holding of 23.73%More than 5% shareholdings: Zaimo Nominees Pty Ltd (15.36%), Bond Street Custodians Limited (14.24%), Bond Street Custodian Limited (10.78%), PJP Group Pty Ltd (5.82%), Mr Itzchak Benedikt + Mrs Rozette Benedikt (5%). Main people involved in firm governanceThe Chairman: Mr Paul Salter (Non- Executive)Board members: Mr Craig Donald Mathieson and Mr Mordechai Benedikt (Non-Executive Directors). Neither of these members are involved in more than 20% shareholding nor is any shareholderof more than 5% holding involved in firm governance. Calculation of key ratios1.ROA and ROE Financial data for the years 2014 to 2017 has been taken from the annual reports of the company. Abilene oil and gas Limited Financial Statements for year 2014-16Particulars2014201520162017AUD$ AUD$ AUD$ AUD$ EBIT-1,917,303-6,632,562-806,714-2907657Net profit2,048,5885,540,642-882,696-3495060Total Assets6,118,6555,100,4308,547,2926,085,976Total Liabilities879,401306,1914,049,9335,123,677Shareholders' Equity5,239,2544,794,2394,497,359962,299
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