International Finance Portfolio Analysis

This assignment delves into the realm of international finance by analyzing investments in four listed companies, both FTSE and non-FTSE. It involves a comprehensive portfolio analysis based on financial metrics like EPS growth, P/E ratio, and PEG ratio. The report compares the performance of these companies and concludes with a recommendation for investment based on their financial health.

INTERNATIONAL FINANCE

Table of Contents
INTRODUCTION...........................................................................................................................1
INVESTMENT STRATEGIES.......................................................................................................1
STOCK PORTFOLIO.....................................................................................................................2
Stock portfolio of NEXT plc.......................................................................................................2
Stock portfolio of RELX plc.......................................................................................................8
Stock portfolio of SEGRO plc..................................................................................................10
Stock portfolio of SKY plc.......................................................................................................15
PORTFOLIO AND PERFORMANCE ANALYSIS OF NON FTSE COMPANIES..................19
ADAMAS FINANCE ASIA LIMITED...................................................................................19
AFH FINANCIAL GROUP PLC.............................................................................................19
ABERDEEN ASIAN SMALLER COMPANIES INVESTMENT TRUST PLC:...................19
Cumulative Performance in GBX...............................................................................20
Discrete Annual Performance to Last Quarter End in GBX.......................................20
Performance by Calendar Year in GBX.....................................................................20
Investment Price Movement.......................................................................................20
Risk Statistics..............................................................................................................20
Arrow Global Group PLC.........................................................................................................20
CONCLUSION..............................................................................................................................21
REFERENCES..............................................................................................................................22

INTRODUCTION
International finance indicates towards management of financial resources and
management decision in global perspective. Multinational groups and divisions are some
essential aspects which are considered in this context. International finance helps to analyse the
key aspects subject to analyse the financial resource requirement and management of financial
resources for better planning and forecasting. This report is prepared to analyse the international
finance and management. Investment decisions and international expansions plans are defined
with the help of international portfolio management. Understanding of international markets,
investments and risks are advised with some fluctuating factors like currency fluctuations.
Standards and aspects are determined in reference of FTSE multinational corporation.
INVESTMENT STRATEGIES
There are type of investment strategies are available in the market subject to analyse and
grab best investment options and plans. Securities and stock market is a game of analysing and
identifying potential risk factors which remain associated with investments. In financial
perspective investment strategies are considered as a combination of rules, procedures, designs
and selection of investment portfolios. Individuals contains different and various profit
objectives. These are strategies are also considered a ways to analyse and bifurcate the plans and
investment appraisals in various forms. It remain involved in risk and return. Major investment
strategies which are defined as under:
Investing: this is the strategy which is used to analyse long term growth and return form
the invested portion. This strategy is basically useful for the long term potential investors and
financiers. An organisation is opted and analysed with all over aspects such as products and
services, delivery system and effectiveness of production and quality standards subject to
management and operations. Future possibilities and growth opportunities are analysed and
measured in respect of profitability and the quality management. Valuation techniques are used
by investors such as fundamental or value analysis.
No strategy: this strategy does not contains any procedures and plans subject to analyse
the consistency and durability of investment plans. Investors invest funds with the help of pricing
analysis when an organisation is listed daily in the newspaper. This is also called as Blind Folded
Monkey Throwing Darts.
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Buy and hold: this strategy intends to invest prices and funds in buying shares and
securities for long term duration. Investors use this strategies while investing amount in equity
shares and long run securities with a good and attractive returns. This strategy is considered good
and optimum in respect of volatility or decline. Securities and shares are holed for long duration
to get good returns. Market timing is monitored for proper analysis and plan for long term gains
and profitability.
Indexing: this is one of the strategy which helps to reduce the conflicts and aspects
which remain associated with the market shares and index price like S&P 500. index of mutual
funds, exchange traded fund, long term funds and active strategies are adapted by this system.
Index is used to enter and exit the market quickly. A small part of stocks and securities are
purchased for long term duration.
Speculation: this is a strategy subject to purchase and sell the commodities and stocks of
company in expectation of gaining profits by variations in prices. Fundamental analysis is given
by Benjamin Graham with the concept of fluctuation and changes in price of commodities and
stokes.
STOCK PORTFOLIO
Stock portfolio is a particular format which is used to analyse the financial assets such as
stock, bonds, commodities and currencies for a particular international group. These are the
assets which are associated with the counterparts including mutual, exchange traded and closed
funds. It contains the information related to public and non public traceable securities, financial
professionals and investments. It bifurcate the groups and sections of an organisation in terms of
assets and liabilities and fractional changes in capital position and image. This is one of the
essential aspect in order to determine the financial help and analyse the data of organisation for
better growth and sustainability of organisation. There is a portfolio of four multinational
corporations are given below such as:
Stock portfolio of NEXT plc
Next plc is one of the British multinational brand which deals in clothing, footwear, home
products and accessories. It has strong brand image in UK market and across the world. It is
currently operating more than seven hundred stores out of which five hundred stores are working
in the UK and Ireland and approx two hundred stores are in continental Europe. It is also
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working in Asia and the middle east. It is one of the largest clothing retailer in the UK and listed
on the London stock exchange and constituent of the FTSE 100 index.
Financial structure of organisation also shows positive and strong image in UK stock
market. It has revenues approx 4100 million pound till the end of year 2017 and operating
income of 827.7 million pound which indicates towards positive response subject to operation
and management. Net income was generated by the organisation for the year 2017 was 635.3
million pound.
There is a stock portfolio of Next plc is given subject to analyse investment strategies
with analysis of fluctuations in price of stocks.
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5 trades are analysed subject to evaluate fluctuations in prices and trends. With the help of
graphical representation the profitability and turnover records easily be determined form the
month of May 2017 to April 2018. there are no major fluctuations are seen in respect of may
2017 and June 2017. significant change is seen between July 2017. monthly trades are recoded
as follows:
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as per present market condition of Next Plc indicates towards the positive and favourable
condition market cap in million pound is calculated as £7,512.75. FTSE index shows full shares,
low yeild, FTSE 350, FTSE all shares (Ex IT) and FTSE 100. FTSC sector opted for general
retailers and apparel retailers.
Year Trade
01/05/17 115320
01/06/17 114986
01/07/17 98483
01/08/17 119118
01/09/17 107269
5

01/10/17 78413
01/11/17 115448
01/12/17 97452
01/01/18 149129
01/02/18 114852
01/03/18 129988
01/04/18 61435
Time/Date Code Headline Source Impact
17:04 19-Apr-2018 NXT Transaction in Own Shares RNS 2.60%
17:40 17-Apr-2018 NXT Transaction in Own Shares RNS 4.58%
10:25 17-Apr-2018 NXT Annual Financial Report RNS 4.58%
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17:39 16-Apr-2018 NXT Transaction in Own Shares RNS 4.87%
17:44 13-Apr-2018 NXT Transaction in Own Shares RNS 5.30%
17:59 12-Apr-2018 NXT Transaction in Own Shares RNS 5.39%
17:33 11-Apr-2018 NXT Transaction in Own Shares RNS 4.54%
17:14 10-Apr-2018 NXT Transaction in Own Shares RNS 3.66%
17:55 09-Apr-2018 NXT Transaction in Own Shares RNS 2.95%
16:53 06-Apr-2018 NXT
Director/PDMR
Shareholding RNS 1.86%
16:38 06-Apr-2018 NXT Transaction in Own Shares RNS 1.86%
18:15 05-Apr-2018 NXT Transaction in Own Shares RNS 1.42%
17:18 04-Apr-2018 NXT Transaction in Own Shares RNS 0.56%
17:36 03-Apr-2018 NXT Transaction in Own Shares RNS -0.05%
17:00 29-Mar-2018 NXT Total Voting Rights RNS -1.20%
16:45 29-Mar-2018 NXT Transaction in Own Shares RNS -1.20%
15:01 29-Mar-2018 NXT Holding(s) in Company RNS -1.20%
17:26 28-Mar-2018 NXT Transaction in Own Shares RNS 0.06%
17:44 27-Mar-2018 NXT Transaction in Own Shares RNS 0.47%
17:41 26-Mar-2018 NXT Transaction in Own Shares RNS 1.59%
As per above given table variations can be easily seen in respect of stock prices and
fluctuations. There are also some changes are seen in respect of coverage ratios and inflation
rates and moderate rates. Ratio based analysis is done on the basis of IFRS report defined in this
context.
Ratios - based on IFRS 26/01/13 25/01/14 24/01/15 30/01/16 28/01/17
Revenue Per Share 2248.32p 2481.98p 2704.51p 2776.59p 2853.16p
Return on Capital
Employed 76.19% 70.97% 72.21% 70.07% 60.76%
Pre-Tax Profit per Share 420.22p 459.70p 536.80p 555.13p 549.56p
PEG * 0.94 1.19 0.98 4.81 -55.09
PE Ratio * 12.68 17.15 16.69 15.37 8.72
Operating Margin 19.49% 19.26% 20.28% 20.74% 20.18%
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Net Gearing * 183.27% 185.19% 175.65% 285.79% 176.12%
Net Asset Value per
Share (exc. Intangibles) 149.41p 156.03p 181.85p 177.94p 317.70p
Earnings per Share
Growth 13.51% 14.37% 16.99% 3.20% -0.16%
Dividend Yield * 25.87% 28.50% 41.96% 57.47% 27.27%
Dividend per Share
Growth n/a 70.48% 67.60% 30.16% -73.11%
Dividend Cover * 0.3 0.2 0.14 0.11 0.42
Stock portfolio of RELX plc
RELX is a multinational information and analysis company which has head quarter in
London. It has significant market group in which organisation deals such as scientific, technical
and medical sector. Risk and business analytics are also defined in legal and exhibition. This is a
dual listed organisation in which London stock exchange listed shareholding vehicle. It holds the
share up to 52.9% and the Amsterdam stock exchange listed shareholding vehicles holds 47.1%
share holding. This organisation is also one of the constituents fo the FTSE 100 index, financial
times global 500 and Euronext 100 index. Organisation's market cap is cited at £16176.97 and
trending services are recorded as sets. This is one of the premium equity commercial company
which is regulated for better administration and management.
Financial position of organisation represents following aspects such as revenue was
recorded as £7,355 billion and operating income was recorded as £1905 billion and net profit
was recorded as £1667 billion for the year ended 2017.
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Interactive Chart: this chart present the current situation abject to analyse current
abbreviation for UK sterling in Pence. One year price of organisation is defined in interactive
chart which is defined in various forms. Overall price of company was recorded as 1782.00 in
December 2017.
Price and trends:
Year Trade
01/05/17 92591
01/06/17 94959
01/07/17 72117
01/08/17 61237
01/09/17 65078
01/10/17 73105
01/11/17 89217
01/12/17 69438
9

01/01/18 142298
01/02/18 189785
01/03/18 103277
01/04/18 64132
Price of company is bifurcated several parts such as 1538 price reference to volume if
17402. 5 trades are compared in respect of price, currency, trade value and MIC code.
ime/Date Price
Currenc
y
Volum
e
Trade
Value* Type
MIC
Code
Trade Type
Flags
09:39:28 20-Apr-
2018
1535.
5 GBX 109 1673.7
Automatic
Trade XLON ALGO
09:38:35 20-Apr-
2018
1535.
5 GBX 750 11516.25
Automatic
Trade XLON ALGO
09:38:10 20-Apr-
2018
1535.
5 GBX 500 7677.5
Automatic
Trade XLON ALGO
09:37:16 20-Apr-
2018 1536 GBX 23 353.28
Automatic
Trade XLON ALGO
09:37:16 20-Apr-
2018 1536 GBX 500 7680
Automatic
Trade XLON ALGO
Fundamental: As per analysis of basic structure of company various aspects come in
existence in terms of income and financial position of organisation. Ratio analysis is done which
present following results for the last five years. Ratio analysis is based upon IFRS such as PE
10

ratio, PEG, earning per share growth, dividend cover, revenue per share, pre tax profit per share
and return on capital employed.
Ratios - based on IFRS 01/12/12 01/12/13 01/12/14 01/12/15 01/12/16
Continuing Operations
Revenue Per Share n/a n/a n/a n/a n/a
Pre-Tax Profit per Share -1.25p -0.60p -0.18p n/a n/a
PEG * 0.34 2.89 -2.15 n/a n/a
PE Ratio * 13.96 18.42 25.58 n/a n/a
Operating Margin n/a n/a n/a n/a n/a
Earnings per Share Growth 0.4159 0.0638 -0.1189 n/a n/a
Dividend Cover * 0.53 0.53 0.43 -0 -0
Counting and discontinue operations are also analysed in following terms subject to
analyse the following concerns and opportunities. These are defined in table
Continuing & Discontinued Operations
Ratios - based on IFRS 01/12/12 01/12/13 01/12/14 01/12/15 01/12/16
Net Gearing * n/a n/a n/a n/a n/a
Net Asset Value per Share
(exc. Intangibles) 101.63p 109.20p 98.97p n/a n/a
Dividend Yield * 0.1348 0.103 0.0904 0.07 0.0222
Dividend per Share Growth 0.0623 0.0725 0.0742 n/a -0.6164
As per above analysis there are some of continuing and discounted operations shows
following results such as dividend yield is recorded as 13.48% for the year 2012, 18.42% for the
year 2013 and 25.58% for the year ended 2014 then after organisation did not earned yield for
subsiding years. PE gearing is calculated as 0.34% for the year ended 2012 and 2.89% for the
year ended 2013. there are some favourable results are analysed in terms of financial growth and
development of organisation such as 0.0623 for the year 2012, 0.0725 for the year 2013 and
0.0742 for the year ended 2014. there was negative returns are analysed in respect of growth of
shares such as -0.6164.
Stock portfolio of SEGRO plc
This is an organisation which deals in real states and property investment and
development. SEGRO plc is assisting the business of real states in the UK and providing support
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and help to analyse the major continental Europe. Organisation is basically centralised around
edge of town and flexible business space. It come in real states business in the year 2017.
company is listed on the London Stock Exchange and is a constituent of the FTSE 100 index. It
is one of the largest company which deals in real state business for past decades and emphasise
the aspects of better management an growth.
Financial position of organisation indicates such as revenues £334.7 million and
operating income was calculated as £1201.8 million and net income was calculated as £956.3
million. As per summary analysis it is considered as price GBX was recorded as 627.40 with the
variations of ^1% and +16%. High rate was recorded as 629.20 and low rate was calculated as
624.60. volume recorded as 387491 and last closed at 626.40. all these information was
recorded for the month of April 2018.
Market cap of organisation is calculated as £6,253.34 million it was listed as 1 Dec 1949.
its trending services are SETS. Last f trends are analysed as under.
Time/Date Price Currency Volume Trade Value Type MIC Code Trade Type Flags
0.47 627.4 GBX 152 953.65 AT XLON ALGO
0.47 627.3 GBX 165 1035.04 Off-book XLON
0.47 627.2 GBX 424 2659.33 AT XLON
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0.47 627.2 GBX 1728 10838.02 AT XLON ALGO
0.47 627.2 GBX 1059 6642.05 AT XLON ALGO
Interactive Chart:
Time/Date Price Currency Volume
Trade
Value* Type MIC Code
Trade Type
Flags
10:33:36 20-Apr-
2018 626.8 GBX 130 814.84
Automatic
Trade XLON ALGO
10:32:17 20-Apr-
2018 626.6 GBX 24 150.38
Automatic
Trade XLON ALGO
10:32:17 20-Apr-
2018 626.6 GBX 118 739.39
Automatic
Trade XLON ALGO
10:32:17 20-Apr-
2018 626.6 GBX 388 2431.21
Automatic
Trade XLON ALGO
10:31:39 20-Apr-
2018
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Price and trends:
As per analysis of pricing and trends are some setal aspects are come across such as
Year Trade
01/05/17 57033
01/06/17 58540
01/07/17 45404
01/08/17 31072
01/09/17 25870
01/10/17 30849
01/11/17 31347
01/12/17 35989
01/01/18 45298
01/02/18 51698
01/03/18 54093
01/04/18 24985
Fundamental:
Ratios - based on IFRS 01/12/12 01/12/13 01/12/14 01/12/15 01/12/16
Continuing Operations
Pre-Tax Profit per Share -27.59p 19.10p 67.86p 71.20p 43.96p
Revenue Per Share 41.12p 36.95p 29.02p 28.30p 29.04p
PE Ratio * n/a 11.76 4.02 4.68 8.5
Dividend Cover * -1.8 1.92 6.09 5.88 3.29
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Operating Margin 0.775 0.7451 0.7438 0.775 0.7441
Return on Capital
Employed 0.0512 0.0487 0.0371 0.033 0.0301
PEG * n/a n/a 0.02 -14.36 -0.21
Earnings per Share Growth n/a n/a 2.2394 -0.0033 -0.4138
Continuing & Discontinued Operations
Dividend Yield * 0.06 0.0443 0.0408 0.0363 0.0358
Dividend per Share Growth n/a 0.0027 0.0203 0.0331 0.0484
Net Asset Value per Share (exc.
Intangibles) 300.63p 315.44p 388.78p 466.43p 503.43p
Net Gearing * 0.9353 0.6223 0.5813 n/a n/a
There are some essential aspects come across with the help of analysing the financial
performance of organisation. Yield and profitability are invented subject to determine the
performance of organisation. Divided yield is evaluated some essential aspects such as 6% for
the year ended 2012 and 4.43% for the year ended 2013 and 4.08% the year 2014 and then after
3.63% for the year ended 2015 and 3.58% for the year ended 2016. there are also some essential
aspects are analysed subject dividend per share growth rate which are analysed as N/a for the
year 2012 and 0.27 % for the year ended 2013, 2.03% for the year ended 2017, 3.31% for the
year ended 2015 and 4.84% for the year ended 2016.
Net assets per value also considered and calculated as 300.63p in the year ended 2012,
315.44p for the year ended 2013, 388.78p for the year ended 2014, 466.43p for the year ended
503.43p. Net gearing position of company indicates towards. following figures such as 95.53%
for the year 2012, 62.23% for the year ended 2013, 58.13% for the year ended 2017 and then
after nil results come across in respect of gearing ratio.
Technical analysis: as per technical analysis it is seen that there are some favourable
results can be seen in the performance of SEGRO plc. At initial stage the sale and profitability
graph fluctuate subject to positive results and returns.
15

News analysis:
News analysis subject to one year also analysed in respect of price and volume. as per
new analysis it is seen that the price of company started increasing form the start of June 2017.
16

price suddenly started declining form mid of June and in July the price of company was
calculated as 483.0000 in respect of volume of 1371039.0000. this is one of the essential aspect
also covered that after it sales and price records get increased. Highest income part was recorded
as in the month of April 2018. price of company was recorded as 631.200 in respect of volume of
2373487.000.
Stock portfolio of SKY plc
SKY plc is the organisation which is one of the largest media and telecommunication
organisation head quarter is located in London. Organisation is working in united kingdom and
republic of Ireland, Australia, Italy and Spain. Company is Europe's biggest and leading
organisation in media and telecommunication. It is a public limited company which is listed
under FTSE 100 component. Company had Market capitalisation approximately £18.75 billion
for the year ended 2015. Rupert Murdoch's 21st century fox buy 39.14% shares of the company.
Financial position of organisation is in respect of revenue is £12.916 billion and operating
income was recorded as £0.964 billion and net income was calculated as £0.691.
Summary:
There are some key fundamental aspects are covered in this context.
Last 5 trades are analysed subject to in respect of time, price, volume and trade values
Time/Date Price Currency Volume Trade Type MIC Code Trade Type
17

Value* Flags
0.52186342
59 1317 GBX 237 3121.29 AT XLON ALGO
0.52181712
96 1317.08 GBX 83 1093.18 Off-book XLON
0.52166666
67 1317.5 GBX 1090 14360.75 AT XLON ALGO
0.52166666
67 1317.5 GBX 680 8959 AT XLON ALGO
0.52166666
67 1317.02 GBX 1158 15251.15 Off-book SINT
Key fundamental aspects are also defined from the year 2013 to 2017.
Key Fundamentals 01/06/13 01/06/14 01/06/15 01/06/16 01/06/17
Dividend Yield n/a n/a 0.0316 0.0395 0
EPS Growth 0.1572 -0.0873 1.0903 -0.6641 0.0439
PEG n/a n/a 0.12 -0.33 5.58
PE n/a n/a 13.11 21.74 24.48
Pre-Tax (£m) 1211 1047 1488 750 782
Revenue(£m) 7235 7632 9989 11965 12916
EPS 60.70p 55.40p 115.80p 39.00p 40.60p
Dividend Cover 2.02 1.73 2.41 1.16 n/a
As per analysis it is calculated that EPS growth of organisation is calculated as 0.1572 for
the June 2013, -0.0873 for the month of june 2017, 1.0903 for the year 2016 and 0.0439.
Interactive Chart: there is a price growth performance is measured in the graphical form
which indicates towards increasing results in terms of price and values.
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Price and trends:
There is an analysis done subject to price of organisation which are defined as under.
Fundamental:
Ratios - based on IFRS 01/06/13 01/06/14 01/06/15 01/06/16 01/06/17
Continuing Operations
Earnings per Share Growth 0.1572 -0.0873 1.0903 -0.6641 0.0439
Operating Margin 0.1784 0.1521 0.0973 0.0817 0.0746
Return on Capital Employed 0.3546 0.3026 0.1312 0.0831 0.0759
19

PEG * n/a n/a 0.12 -0.33 5.58
PE Ratio * n/a n/a 13.11 21.74 24.48
Pre-Tax Profit per Share 75.03p 67.03p 88.05p 43.82p 45.73p
Revenue Per Share 448.27p 488.60p 591.07p 699.02p 755.32p
Dividend Cover * 2.02 1.73 2.41 1.16 n/a
There are some essential aspects defined in this context which are analysed on the basis
of ratio analysis.
Continuing & Discontinued
Operations
01/06/13 01/06/14 01/06/15 01/06/16 01/06/17
Net Asset Value per Share (exc.
Intangibles) -44.23p -48.44p -295.46p -332.28p -332.63p
Net Gearing * 1.4921 1.2052 1.7169 1.9713 1.7408
Dividend Yield * n/a n/a 0.0316 0.0395 0
Dividend per Share Growth 0.1476 0.1649 0.0114 0.0291 -0.3933
Technical analysis: there is a trends and price analysis in respect of last years.
Price Currency Volume
Trade
Value* Type MIC Code
Trade Type
Flags
1318 GBX 552 7275.36
Automatic
Trade XLON ALGO
1318 GBX 318 4191.24
Automatic
Trade XLON ALGO
1318 GBX 2 26.36
Automatic
Trade XLON ALGO
1318 GBX 33 434.94
Automatic
Trade XLON ALGO
1317.66 GBX 2115 27868.55 Off-book XLON
It is analysed that trade values get changed for the last period.
Year Trade
01/05/17 42020
01/06/17 75657
20

01/07/17 47449
01/08/17 33235
01/09/17 38022
01/10/17 34188
01/11/17 60159
01/12/17 64225
01/01/18 56352
01/02/18 79138
01/03/18 58117
01/04/18 25753
As per analysis there are some essential aspects are considered in this context. Highest
price of organisation was determined as 1373.50. there was some moderate changes were seen in
respect of various themes which is calculated as 910.00 for the month of November.
News analysis: news analysis done in respect of pricing growth and development. It is
seen that the organisation started earning good by mid of 2017 from 2017.
PORTFOLIO AND PERFORMANCE ANALYSIS OF NON FTSE
COMPANIES
ADAMAS FINANCE ASIA LIMITED
This is an organisation which is listed in Asia limited and investments. Company is
invested in preliminary and extra ordinary real states organisation. Organisation deals in
pharmaceutical sector, telecommunication sector, media and technology.
It has consolidated income registered as $790000 and compared year ago. Earning of six
months are analysed loss before tax as 1,030,000. and compared $454,000 for the year 2017.
major loss was recorded as $1320000 which was compared to $1062000.
AFH FINANCIAL GROUP PLC
This is one of the financial consultant company and leading organisation subject to
providing financial helps to large corporates and business. Wealth management and financial
management are two major aspects which are covered in this context. AHF financial groups are
founded as financial planner.
Share holding position is recorded as 81.06 million in total and price is to book ratio was
calculated as 0.6352. one year return is computed as -56.21% which intends to increase by
21

various forms. As per analysis of financial report it is analysed that the combination was recoded
as 0.64USD. Eps is calculated as -0.49.
ABERDEEN ASIAN SMALLER COMPANIES INVESTMENT TRUST PLC:
For managers a benchmark is the calculation of not portfolio construction tool. Aberdeen
are specially buying and holding stocks which ultimately helps to grow maximum return for the
firm.
Cumulative Performance in GBX
3 mth 6 mth 1 yr 3 yr 5 yr
Investment -2.59% -0.79% 2.75% 22.78% 5.00%
Sector -4.83% -0.25% 12.22% 33.97% 53.31%
Relative to
sector
2.24% -0.54% -9.47% -11.19% -48.31%
Rank within
sector
3/15 7/15 12/15 12/15 15/15
Quartile 1st 2nd 4th 4th 4th
Discrete Annual Performance to Last Quarter End in GBX
0-12m 12m-24m 24m-36m 36m-48m 48m-60m
Investment 1.01% 31.99% -9.09% 11.52% -22.05%
Sector 10.23% 38.48% -9.95% 23.34% -10.75%
Relative to
sector
-9.22% -6.49% 0.86% -11.82% -11.30%
Rank within
sector
13/15 14/15 8/15 15/15 15/15
Quartile 4th 4th 2nd 4th 4th
Performance by Calendar Year in GBX
YTD 2017 2016 2015 2014
Investment -1.99% 13.19% 29.89% -17.32% 5.45%
Sector -2.59% 26.05% 28.95% -6.11% 11.75%
Relative to
sector
0.60% -12.86% 0.94% -11.21% -6.30%
Rank within
sector
4/15 14/15 4/15 15/15 15/15
Quartile 1st 4th 1st 4th 4th
Investment Price Movement
12 month high 1094.00 (British Pence) 12 month low 992.00 (British Pence)
Risk Statistics
Volatility Alpha Beta Sharpe Tracking
Error
Information
Ratio
R2
Investment 12.81 -2.06 0.80 0.24 6.74 -0.61 0.77
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