关键词不能为空

当前您在: 主页 > 英语 >

HND 金融 GU3报告Developing

作者:高考题库网
来源:https://www.bjmy2z.cn/gaokao
2021-01-30 08:08
tags:

-

2021年1月30日发(作者:coin)


2.1 Project Plan: a project plan and schedule for writing report




2.1.1 Objectives for gathering information


The Economic crisis of 2008 leads an economic recession throughout the whole world,


especially


several


important


indicators


of


economic


become


downturn.


This


crisis


rapidly


evolved


into


a


global


credit


crisis,


deflation


and


sharp


declines


in


various


stock


indexes,


and


large


reductions


in


the


market


value


of


stock.


Many


experts


predicated


that


the


Britain


consumer


spending


would


slow


to


only


0.2


percent,


and


investment


will


also


drop


in


recent


two- year.


Under


these


worse


surroundings,


investing becomes more risk. Therefore, I must use the ?


100, 000 to invest suitable


shares at the appropriate time with appropriate price.



Firstly, I should collect enough information to help me confirm four shares portfolio.


In this part, I must clear the background information to each company, understand the


strategic


management


of


them


and


analyze


their


financial


reports.


Then,


I


will


use


some


fundamental


analysis


methods


to


help


me


calculate


some


ratios


to


make


sure


their share price have the large space to increase.




Secondly,


I


should


compare


the


same


sector


companies


and


clearly


know


the


performance


and


fluctuation


about


each


share.


In


addition,


I


will


record


the


macro


economic


information


to


know


the


UK


and


international


market


performance


in


general.


In


order


to


know


the


macro


economic,


I


must


find


the


inflation


rate,


unemployment rate, and exchange rate recording over the 3 years. At the same time, I


should


also


pay


attention


to


some


latest


new,


including


the


positive


and


negative.


Because of them can affect the shares fluctuation.





2.1.2 Project plan for developing


In


order


to


submit


a


perfect


report,


plentiful


and


appropriate


information


should


be


collected in this part. I will spend 3 weeks to finish this part, which is from 16


th


.Feb to


7


th


.Mar. In this implementation part, it can be included the following stages:


Stage 1: I will record the shares portfolio detail information. It requires me to collect


the open and close prices for each share at first. Then, I should record the sector index,


FTSE 100, All Share Indices and other information weekly from the website. Through


this,


I


can


clearly


know


the


performance


and


fluctuation


for


the


four


shares.


And


understand the UK stock market in general at the same time.



Stage 2: Then I will collect relevant materials about the company, macro economic


performance


and


industries


information.


As


well


as,


I


should


pay


attention


to


some


latest


news,


which


involved


positive


and


negative


factors


that


can


affect


the


shares


prices.




































Stage 3: I will categorize the collected information and put them in order. It will help


me to find appropriate information quickly.



Stage 4: After having categorized information, it is time for me to analyze information


and then write the report for developing. It is significant for the whole plan.


Stage


5:


The


useful


information


should


be


annexed


and


labeled


in


the


end


of


the


developing.



Stage 6: I will check the developing part and then hand in them at last.



2.1.3 Schedule for developing report


The whole developing report will requires me cost three weeks. The 1


st


week, I will


collect the information. The 2


nd


week, I am going to analyze the collected information.


The last week, I will write the developing part. The following table shows the detail


arrangement for the developing part.



Table-1 Developing part schedule



Week



Time


2 days


2 days


1


st


week





3 days





2


nd


week


2 days


23


rd.


Feb -24


th


Feb.2009


2 days



3 days


1day







3


th


week




3 days


25


th


.Feb-26

th.


Feb.2009


27


t h


.Feb-28


th.


Feb 2009


1


st


.Mar.2009









Date


16


th

< br>Feb.-17


th.


Feb.2009


18


th


.Feb-19


t h


Feb.2009


20


th


.Feb-22


nd


.Feb.2009


Task


Collect


company


information


for


each share


Investigate


sectors


or


industries


information for each share


Collect


the


macro


economic


information for UK


Analyze


the


relevant


company


information


about


affecting



the


shares fluctuation


Analyze


collated


information


for


sector and industries


Trough


collected


information


know


the


UK


stock


market


in


general


Summing-up information


Write first draft.



The first day write the project plan


2


nd


.Mar


4


th


.Mar.2009


The


following


day


write


the


objective


The last day write the schedule



5


th


.Mar.2009


6


th


.Mar.2009


7


th


.Mar.2009


Write second draft


Take


all


information


annexed


and


labelled


Amend


and


check


the


developing



part



































1 day


1 day


1 day



Note: Recording the relevant price, sector index for four shares and FSTE 100, all


share index will be collected every week




2.2 Issues being considered for research


There are many factors can influence the shares performance. Consider those factors


become very important. The below investigate and analyze will help me know each


share clearly.




2.2.1 Simple introduction of the companies selected


LAND Securities Real Estate Investment Trust (LAND.L)


Land Securities has a huge amount of real estate all over the UK. It is indeed one of


the biggest owners in cities, especially city centers. Land Securities is a leading Real


Estate Investment Trust. His national portfolio of commercial property includes some


of the UK’s best


-known shopping centers


and landmark buildings in


London. They


are


at


the


forefront


of


urban


renaissance


through


England


multi-billion


pound


development


program,


transforming


regional


city


centers


and


key


sites


in


Central


London.



British American Tobacco (BATS.L)


British American Tobacco undertakes some 800,000 cross- border transactions a year




involving raw materials, equipment and finished products. Thereby, BATS.L is one of


the biggest companies in tobacco industry. It has had very good performance in 2008,


with increased profit and share growth in many markets. British American Tobacco is


always committed to maintaining high standards of corporate with governance. It also


has 42 % of Reynolds American Inc, which owns the Kools and GPC brands, and the


Canadian


leader


in


the


sector,


Imperial


Tobacco.


With


thousand


of


employees,


BATS.L


is


an


empire.


On


top


of


its


vast


distribution


network,


it


manages


tobacco


plantations, notably in Poland and in several African countries.



Shire Pharmaceutical Group Plc (SHP.L)


Shire is the leading specialty biopharmaceutical company that focuses on meeting the


needs


of


the


specialist


physician.


Shire


focuses


its


business


on


attention deficit


and


hyperactivity


disorder,


human


genetic


therapies


and


gastrointestinal


diseases.


Shire


already has a wide range of products on the market and continues to use its search and


development


expertise


to


ensure


that


it


can


make


more


products


available


for


these


medically challenging diseases in the future. As a company, Shire has obtained many


significant


breakthroughs


on


HIV


and


AIDS


therapies.


This


enables


them


to


gain


considerable expertise in these areas and build long term relationships with specialist


prescribers.






































Liberty International Real Estate Investment Trust (LII.L)


Liberty


International


is


a


highly


specialized


business


focused


on


quality


retail


property, with a very strong market position in UK regional shopping centers, which


constitute


78


per


cent


of


their


overall


investment


properties,


with


retail


overall


comprising


93


per


cent:


They


have


interests


in


four


of


the


UK’s


eight


out


-of-town


super-regional centers with a combined value of



3.1 billion while in-town centers


in


prime


city


locations


amount


to



3.2


billion.


They


also


have


an


enviable


geographic spread across the UK including major cities such as Manchester, Glasgow,


Newcastle, Nottingham and Cardiff as well as a strong presence in the South East of


England


through


four


of


our


major


shopping


centers,


with


an


aggregate


value


of



2.4 billion, including our flagship Lakeside, Thurrock.



2.2.2 Main issues considered for research


In order to know the each share fluctuation clearly, I must investigate and analyze the


background


information,


which


include


the


economic


environment,


industry


environment, company condition, stock price as well as other relevant information.




(1) Economic environment


The


macro


economic


environment


may


be


mainly


influence


the


defined


company.


Accordingly, it is important for me to investigate the external environment.




Unemployment


Table-2 UK unemployment


Year


Jan


2008


2007


2006


Feb


Mar


Apr


May


Jun


Jul


2.50


2.60


2.80


2.70


2.90


2.90


Aug


Sep


Oct


Nov


Dec


2.50


2.50


2.50


2.90


2.90


2.80


2.80


2.90


2.90


2.60


2.70


2.80


2.90


3.10


3.30


3.60


2.70


2.60


2.60


2.60


2.60


2.50


2.50


3.00


3.00


3.00


3.00


3.00


2.90


2.90



U.K. unemployment rose at the second- fastest pace since 1991. In 2008 December,


the


worsening


recession


lead


thousand


companies


to


cut


jobs.


Office


for


National


Statistics


has


revealed


that


the


number


of


people


out


of


work


in


the


UK


rose


by


77,900 to 1.16 million, which represented the highest level in over a decade. Till now,


the


pace


of


job


cuts


across


almost


all


areas


of


the


economy


has


risen


even


more


sharply in the opening months of 2009 with employers in the retail, manufacturing,


construction


and


financial


services


sectors.


The


unemployment


rate


of


6.3


per


cent,


although still lagging behind most of the UK’s main continental European rivals, was


the highest level since 1999. UK economic experts emphasize solving unemployment


is become more and more important in the following year.







































Balance of Trade


Graph-1 UK balance of trade


(Source:/Economics/?Sy


mbol=balance of trade)



United


Kingdom


is


the


world's


fifth-largest


trading


nation,


highly


dependent


on


foreign trade. Recently, the UK trade deficit rose in November as exports of goods fell


sharply,


in


a


sign


of


the


threat


posed


by


collapsing


global


demand


to


the


British


economy.


Both


imports


and


exports


fell


as


domestic


and


international


demand


weakened


amid


a


global


recession


that


is


hitting


most


of


Britain’s


main


trading


partners. The goods trade deficit hit



8.3bn up from a downwardly revised



7.6bn


in


October, the highest


level


since records


began in


1697.


In November


2008, total


exports of goods fell by 5.8 per cent, amid a sharp drop in exports to countries outside


the EU, while total imports fell by 1.8 per cent.



Interest rate






Graph-2 UK interest rate


(Source:/Economics/?Sy


mbol=interest rate)





































Interest rates have fallen significantly in 2008. Due to the global economic crisis of


2008,


worldwide


central


banks


coordinate


cut


in


interest


rate


to


stimulate


the


economic. On 4 December 2008, the Bank of England cut interest rates from 3% to


2%, which amounts to the lowest level since 1951. Recent falls in sterling may help


exporters


to


limit


the


impact


of


the


global


slowdown.


Some


market


participants


believe that economic conditions


are now so strained that an even larger cut


would


have


been


warranted.


As


the


Monetary


Policy


Committee,


they


want


try


to


avoid


inflation slipping below their inflation target of 1-3%. Base interest rates could fall to


1.5%


in


2009.


Monetary


Policy


Committee


may


slash


interest


rate


to


stimulate


household spending & investment into the economy to balance the economic. Many


experts believe that 2009 is likely to see even lower rates.



GDP



Graph-3 UK GDP growth rate


( Source:/Economics/?Sy


mbol=GDP)



Britain


fell


deeper


into


recession


during


the


final


three


months


of


2008


as


the


economy contracted by 1.5 per cent. The rapid decline in UK, economic growth in the


fourth quarter of 2008 was the worst performance since the second quarter of 1980.


Economists on average expect UK is in the middle of steep downturn, and confirmed


the economy grew at its slowest annual pace for sixteen years. Output is unlikely to


climb back to last year’s levels until late 2011 or 2012




(2) Industrial environment


Understand the each company industrial environment that can help me recognize the


four


companies


in


general.


Thereby,


industrial


environment


is


also


essential


to


be


considered.




Real Estate Investment Trust (R.E.I.T) diversified Industry



In


my


share


portfolio,


both


LAND.L


and


LII.L


lies


in


the


same


industry-


R.E.I.T




































diversified. In UK, there are 52 companies in R.E.I.T diversified Industry. The Plum


Creek


Timber


Co.


Inc,


Rayonier


Inc


and


National


Retail


Properties,


Inc


are


three


biggest companies in this sector around UK. Real estate development in the UK has


changed


in


recent


years.


As


a


whole,


the


house


price


continues


to


fall


since


the


economic crisis of 2008. However, some retail real estate investment trust claim they


keep healthy revenue gross in despite of the weak economy. For example, National


Retail Properties Inc. said its fourth- quarter results grew 18 percent as turnover. On


the other hand, the timberland price keeps a slower pace of growth, but it is growth


nonetheless.


The


value


of


timberland


rose


5%


in


UK


market.


In


2007,


timber


appreciation was a towering 15%.



For Land securities and Liberty International, they are belongs to rapidly accelerating


industry


growth


in


industry


life


cycle.


Compared


with


others


,


the


share’s


price


of


Liberty


International


and


Land


securities


are


at


relatively


high


level.


Both


of


them


have


stable


capital


structure


and


begin


to


extension


its


business.


Their


productions


begin from single, costliness to diverse and low price separately. Land securities is the


maker leader in large scale shopping center and the owner of other prime retail assets.


However, Liberty International was built up in 1987 and was listing in London Stock


Exchange in 1992. His gross retail income keeps higher increase in recent decade.




Drug manufacturers


Shire


in


biopharmaceutical


has


higher


potential


to


develop.


The


company


has


a


strategic focus on treatment for HIV, hepatitis B and human genetic therapies since


2006. In HIV infection and AIDS treatment area, there are few competitive pressures


and


minority


entrants.


This


external


surrounding


will


bring


many


opportunities


to


Shire.


Furthermore,


the


development


environment


of


HIV


infection


and


AIDS


treatment is


very bright. The statistic shows that the number of people


gets


diverse


HIV


will


increase


in


the


following


decade


and


the


market


needs


for


HIV


will


be


continued


growth


in


2009.


The


company


believes


they


can


obtain


breakthrough


on


innovation


in


HIV


medicines,


because


of


the


profit


that


can


be


made


in


the


whole


world markets.




Cigarettes



In


UK


there


are


more


than


40


companies


in


cigarettes


industry.


The


5


biggest


companies


include:


Philip


Morris,


British


American


Tobacco,


Altria


Group


Inc,


Lorillard Inc and Reynolds American. Both of then, the capital is above $$10 billion.




Recently, governments’ rules on smoking are increasing restrict, which lead


cigarette


makers


have


upped


prices


and


wholesaler


discounts


are


also


cut


down


as


demand


drops. For example, federal tax on cigarettes will raise from 39 cents a pack to almost


$$1.01 on April 1 in American.




Many experts claim the cost of buying tobacco products is going up in 2009. In 2008


world tobacco industry, Kodiak's market share in shipments declined 0.4 percentage




































point to 4 percent. Its cigarette-sales volume dropped 8.4 percent in 2008, compared


with a 3.3 percent decline in the overall industry. Reynolds' cigarette-market share fell


0.9


percentage


point


during


2008


to


28.1


percent.


However,


Camel's


market


share


increased 0.3 percentage point to 8 percent and Pall Mall's market share increased 0.5


percentage point to 2.6 percent.



(3) Company conditions


Profit


comes


from


company


performance.


The


company


strategy


decision


making,


dividend,


capital


structure


and


other


useful


information


is


very


critical.


Analyzing


company condition will help me know each shares fluctuation clearly.



Land Securities R.E.I.T (LAND.L)


Land


securities


has


3


main


business,


they


are


retail


portfolio,


London


portfolio


and


trillium.


It


includes


shopping


centers,


retail


warehouses,


and


long-term


property


outsourcing. They own 27 shopping centers and 27 retail parks, more than 260 million


shopper visits per year and long-term contracts with gross income of ?


757.8m. Their


three businesses performed well throughout the year in 2008 and demonstrated their


market leadership credentials. The picture below shows the LAND.L mainly income


sources in 2008.





















Graph-4 LAND.L mainly income sources in 2008



(Source: LAND.L annual report)



LAND.L’s



financing


strategy


is


to


maintain


an


appropriate


net


debt


to


equity


ratio


(gearing) to ensure that asset level performance is translated into enhanced returns for


shareholders


while


maintaining


an


appropriate


risk


reward


balance


to


accommodate


changing


financial


and


operating


market


cycles.


The


company


has


now


generated


compound


annual


growth


of


14.6%


since


2004.


The


basic


earnings


per


share


were


288.80p, compared to earnings per share of 153.59p in the prior year, the change is


predominantly.




The dividend of LAND.L was recommending a final dividend payment of 16.0p per


share.


Taken


together


with


the


three


quarterly


dividends


of


16.0p,


their


full


year


dividend will be 64.0p per share, compare with 2007: 53.0p, there is a 20.8% increase.



































-


-


-


-


-


-


-


-



本文更新与2021-01-30 08:08,由作者提供,不代表本网站立场,转载请注明出处:https://www.bjmy2z.cn/gaokao/590303.html

HND 金融 GU3报告Developing的相关文章

  • 爱心与尊严的高中作文题库

    1.关于爱心和尊严的作文八百字 我们不必怀疑富翁的捐助,毕竟普施爱心,善莫大焉,它是一 种美;我们也不必指责苛求受捐者的冷漠的拒绝,因为人总是有尊 严的,这也是一种美。

    小学作文
  • 爱心与尊严高中作文题库

    1.关于爱心和尊严的作文八百字 我们不必怀疑富翁的捐助,毕竟普施爱心,善莫大焉,它是一 种美;我们也不必指责苛求受捐者的冷漠的拒绝,因为人总是有尊 严的,这也是一种美。

    小学作文
  • 爱心与尊重的作文题库

    1.作文关爱与尊重议论文 如果说没有爱就没有教育的话,那么离开了尊重同样也谈不上教育。 因为每一位孩子都渴望得到他人的尊重,尤其是教师的尊重。可是在现实生活中,不时会有

    小学作文
  • 爱心责任100字作文题库

    1.有关爱心,坚持,责任的作文题库各三个 一则150字左右 (要事例) “胜不骄,败不馁”这句话我常听外婆说起。 这句名言的意思是说胜利了抄不骄傲,失败了不气馁。我真正体会到它

    小学作文
  • 爱心责任心的作文题库

    1.有关爱心,坚持,责任的作文题库各三个 一则150字左右 (要事例) “胜不骄,败不馁”这句话我常听外婆说起。 这句名言的意思是说胜利了抄不骄傲,失败了不气馁。我真正体会到它

    小学作文
  • 爱心责任作文题库

    1.有关爱心,坚持,责任的作文题库各三个 一则150字左右 (要事例) “胜不骄,败不馁”这句话我常听外婆说起。 这句名言的意思是说胜利了抄不骄傲,失败了不气馁。我真正体会到它

    小学作文