Getting to the real value of
a business and assessing what are its shares really worth suddenly looks less clear cut.
In an investment environment that is extremely challenging even for experienced City
professionals, doing your homework has never been more important. And with the current
accounting scandals rocking confidence and the markets being able to accurately value
copmpanies, stock has just taken on a whole new dimension.
The book goes beyond
investment ratios to explore what these ratios tell us about the company as an investment
or what the ratios tell us about the stock market's assessment of the company and it's
prospects.
Reviews
"Mike Cahill has
written the definitive guide to deciding whether or not to buy a share. Thorough,
well-researched and clearly written - this is a long overdue return to common sense
investing. Just what you would expect from a professional analyst who believes that in the
long run a company's share price is determined by its fundamental value." Tom
Stevenson, Hemscott PLC
"A welcome, well
structured and commonsense approach to the black art of equity analysis that will be
extremely useful to anyone interested in how the City values companies in practice".
Derek Higgs, Author of the Report on The role and effectiveness of Non-executive
directors
Table of Contents
1. Sector Prospects
2. Company Performance and Prospects
3. Forecasting profits the risks to forecast assumptions and what goes wrong operational
gearing
4. Key numbers and ratios analysed
5. Performance and returns Evaluationg Manangement
6. Manangement and Stragegy
7. Financing
8. Valuation
9. Recommendations Combining prospects and valuation
10. Investment style guide the strengths and weaknesses of the approaches
11. sector research example
12. glossary
276 pages