Archive for February, 2007
Tata’s Steep Price for Corus
Further to the earlier article on this takeover by Tata, reported in the BusinessWeek.com (20/7/07) regarding the hefty price that Tata paid.
the price was 608 pence per share, which translates to a total purchase price of $12 billion.
which is approximately 9X EBITDA (earning before interest, taxes, depreciation, and amortization)
Some pros and cons has been advocated:
Cons:
Tata [...]
February 23, 2007
Tags: M&As Posted in: M&As 
No Comments
Humor
A European tourist was visiting a temple in Singapore when he noticed
two statues, a man and a woman by the altar.
He asked the monk what was the significance of the two.
The monk explained that in the Chinese system of yin and yang,
positives must always be balanced by negatives, and having the two
statues ensures that the [...]
February 22, 2007
Posted in: HUMOURS/JOKES No Comments
Managing Payables (Creditors) – Checklist
In the working capital equation, one key area is the managing of Payables which is the creditors or vendors who the company owes money to for the purchases of raw materials or finished goods.
It’s critical to understand that in the working capital cycle/cash conversion cycle, purchasing of raw materials or finished goods is the starting [...]
February 21, 2007
Tags: Payables Posted in: Accounts Payables No Comments
Issues Or Challenges In Managing Working Capital
There are several major pitfalls that we should avoid when managing the company’s working capital:
1.Mindset/Belief Change:-
do not believe that only financial distressed companies should focus on improving the working capital. While it is true that distressed companies do have a particular motivation to improve liquidity, it is a grave mistake to believe that only distressed [...]
February 20, 2007
Tags: WORKING CAPITAL Posted in: WORKING CAPITAL MANAGEMENT No Comments
To Diversify Or Not To Diversify
I believe the aforesaid subject-matter has been and is still presently a most challenging decision for a company to make. In spite of it, the rewards and risks are extraordinary.
It has been noted that some public listed companies who are in the sun-set business or pressures from investors to generate more sterling results could have [...]
February 16, 2007
Posted in: Financial Strategy No Comments
Singapore Cuts Corporate Tax And Increase GST to 7%
Interesting key features from Singapore Second Finance Minister Tharman Shanmugaratnam when presenting the 2007/2008 budget:
the plans to raise the country’s goods and services tax (GST) to 7% from 5% from July 1 and cut corporate tax by 2 percentage points to 18% next year.
the GST increase will be used to redistribute wealth to address dramatic [...]
February 15, 2007
Posted in: Corporate Tax, Indirect Tax, Singapore No Comments
News On REITs
(A) News On Tower REIT
Â
5.3 sen dividend for Tower REIT ( The Star 10/2/07)
GLM REIT Management Sdn Bhd, the manager of Tower Real Estate Investment Trust (REIT), has declared a dividend income distribution of 5.3442 sen per unit for the year ended Dec 31, 2006, to be paid to unitholders on Feb 28.Â
Net income after [...]
February 15, 2007
Posted in: Activity-Based Costing No Comments
