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Finance for Business Assignment Solved

   

Added on  2020-05-16

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Running Head: Finance For Business1Project Report: Finance for business

Finance For Business2Contents1.Company description...............................................................................................32.Ownership governance structure.............................................................................33.Performance ratios...................................................................................................44.Changes in stock price.............................................................................................55.Significant factors....................................................................................................66.Calculation of CAPM and beta values.....................................................................67.WACC calculations.................................................................................................78.Debt ratios................................................................................................................89.Dividend policy........................................................................................................810.Recommendation and Conclusion...........................................................................8References.......................................................................................................................10Appendix.........................................................................................................................11

Finance For Business31.Company description:This report has been prepared on an Australian company which name is TPG Telecom limited. This company is working under the IT industry and the Australian telecommunication industry. The main services of the company are mobile telephone servicesand the internet services. According to a report, TPG telecom is the second largest comapny in Australian market in internet service provider companies. This company is mainly a merger between total peripherals group. This company has been founded in 1992 by Vickey Teoh and David. Basically, this company is performing well in terms of finance as well as in terms of finance (About us, 2018). 2.Ownership governance structure:Substantial stakeholders:Ownership corporate governance of the TPG telecom expresses about the way good structure of the investors. 82.74% stock of the company own by the top 20 shareholders. The largest shareholder of the company is WASHINGTON H SOUL PATTINSON AND COMPANY LIMITED. The company has held 25.15% stock of the company. Currently, there are 6 stockholders in the company who has more than 5% stock in the company’s sharesand only 1 stockholder has more than 20% stock. Figure 1: Top twenty shareholders

Finance For Business4(Annual Report, 2018)Main people:Further, the annual report describe the CEO, executive directors, non executive directors, CFO etc of the company has been evaluated and David Teoh is the executive chairman of the company, Denis Ladbury, Robert Millner, Joseph Pang and Shane Teoh is the non executive directors of the company. The report of top 20 shareholders of the companyexplains that no members of the company have more than 2% stock of the company (Annual Report, 2018). 3.Performance ratios:Performance ratios of the company have been described below. Performance ratios explain about the positive changes, position and the performance of the company. Following are some of the performance ratios of TPG Telecom as follows:Return on assets: Return on assets of the company explains that the performance of the company is quite better. It explains that how much profit is earned by the company in context with the total assets. Following is the calculations of return on assets of the company:A.Return on assets=NPAT/ total Assets414/391110.59%(Jiashu, 2009)Return on equity: Return on equity of the company explains that the performance of the company is quite better. It explains that how much profit is earned by the company in context with the total equity. Following is the calculations of return on equity of the company:B.Return on Equity=Net profit after tax/ ordinary equity414/144928.57%Debt ratios:

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