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history of the australian banking industry
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CONTENTS
1 Equities and Investment Analysis of Westpac Banking Corporation (WBC) 1
1.1.Basic information about the company 1
1.2 Description of the business and analysis of its strategic position in the industry. 3
1.2.1 main business 3
1.2.2 strategic position in the industry 4
1.3.Financial analysis 5
1.3.1 Operating performance during the last five years 5
1.3.2 Financial Risk Management 7
1.4.Valuationas 8
1.5.Investment Recommendations 9
2. Equities and Investment Analysis of Santos Limited (STO) 10
2.1.Basic information about the company 10
2.2 Description of the business and analysis of its strategic position in the industry. 12
2.2.1 Business operation of Santos Limited 12
2.2.2 strategic position in the industry 13
2.3.Financial analysis 13
2.3.1 Operating performance during the last ten years 13
2.3.2 Strength of the firms 15
2.4.Valuation 16
2.5.Investment Recommendations 18
Reference 19
1 Equities and Investment Analysis of Westpac Banking Corporation (WBC)
1.1.Basic information about the company
As one of Australia's oldest bank, WBC was formerly known as New South Wales Bank and founded in 1817. In 1982 this bank has changed its name to west bank of the Pacific Ocean.
It was listed in ASX on 18 July, 1970. And the issue code is WBC. And in financial year 2013, WBC has achieved a great result and the return for shareholders are quiet satisfactory. What’s more ,WBC has strength in financial business and substantial investments underway, this group has successfully meet the needs of its customers which has amount to 12 million in the end of financial year 2013.
What’s more the change of its director, Ewen Crouch and Peter Marriott brings extensive local and international business experience,...
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Fama, Eugene F, 1968. Risk, Return and Equilibrium: Some Clarifying Comments. Journal of Finance Vol. 23, No. 1, pp. 29–40.
Treynor, Jack L, 1961. Market Value, Time, and Risk. Unpublished manuscript
Robert D. Arnott and Clifford S. Asness, 2003. "Surprise! Higher Dividends equal Higher Earnings Growth". Financial Analysts Journal. Retrieved 2011-01-04
Amedeo De Cesari, Susanne Espenlaub, Arif Khurshed and Michael Simkovic, "The Effects of Ownership and Stock Liquidity on the Timing of Repurchase Transactions", 2010
The dividends record from the period 2001 to date is shown in the table below. The company has made quarterly payments based on the presentation of their annual financial reports to the shareholders. The price per share has been increasing on average which is an expected positive return for the shareholders.
In recent times, the very well know Commonwealth Bank is now the second largest Australian registered establishment on the Australian Securities Exchange (ASX) as of January 2008. Also noting that the COM Bank made a Market Capitalisation of AU79.86 billion at the end of the financial year (June 2011). (1)
A company’s dividend policy is a major driver behind investors’ willingness to buy into the company. When a company has a consistent dividend policy, investors are more likely to want to invest in a company. This is the case when considering Team Baldwin. The dividends that were paid out were $1.75, $2.75, and $4.00. Andrews’ dividends were $5.66, $0, and $2.08. Baldwin’s consistently increasing dividends were very attractive to shareholders which helped to boost stock price. The fluctuating and sometimes nonexistent dividends of Team Andrews was a contributing factor of why their stock price declined each
This company has been performing well for many years and this this because of their good business model. Everything that was noticed on the income statement was the good performance of company. Their dividends have increased over time; this was due to increased profits. The earnings growth projections for the next four years have increased five percent.
Akhigbe, A. (2010). Dividends still don't lie: The truth about investing in blue chip stocks and winning in the stock market. American Journal of Business, 25(2), 71-72. Retrieved from http://search.proquest.com/docview/763130446?accountid=12085
According to evaluation of experts, Westpac has sustainable development which helps them held the top of the list of the world’s most sustainable companies. Apart from good performance about suitability, Westpac gains positive result about profitability and solvency, because they have professional work team and the talented leadership of CEO and management. Of course, Westpac considerably take care of employees and customers due to the fact that they have potential human resources which make company consolidate position and reputation in the complex market at present. Overall, Westpac convergences essential factors helping them raise financial performance and non – financial performance so that the company always remain top position about ability to running well their
Then BHP was formed a dual listed company in JUNE 29, 2001 as a result of consolidation between two companies broken hill proprietary (BHP) and BHP (PLC). Thereafter it becomes a one of the world's biggest diversified resource companies. Its main ...
Disappearing dividends: Changing Firm Characteristics or Lower Propensity to Pay? by Eugene F. Fama started the arguments by revealing the history statistics that the number of firms has been increased in general ever since 1973, while during the period of time between 1973 and 1978, there is relatively more dividend payers, however, the number has been relentlessly decreasing from then, to 20.8% in 1999. Contrarily, the number of non-dividend payers has been growing ever since. Such a great falling percentage raised a crucial question that whether the decrease of paying dividends to shareholders is due to the changing firm characteristics or simply there is less trend to make payments. The paper examined three significant characteristics that are most likely to affect the
BHP is known as Broken Hill Proprietary Company and was established in 1885 and its works in three major sectors which are: mineral, petroleum and steel along with that it also works in some other field like transport and logistics, corporate services, strategy and legal .Mainly they were involved in discovery, development, production and marketing of iron ore, copper, oil and gas. Its main headquarter was in Melbourne and gave employment to 30000 individual.
Established in 1914 as Western Australian Farmers Corporative with its diverse business has grown into largest listed companies in Australia. The business varies from supermarkets and departmental stores ( Coles, Coles express, Kmart, Target), home improvement and office supplies (Office works, Bunnings), Coal production and export, chemicals, energy and fertilisers (QNP, Kleenheat etc.), industrial and safety products (Wesfarmers Industrial & Safety, Blackwoods etc.). It is one of the largest employers in Australia, employing 200,000 and shareholder base of approximately 500,000.
“Going forward, the company is well positioned for future growth, and Nigel and his team remain focused on driving franchisee profitability and delivering shareholder value” shares Lead Director Raul Alvar...
According to Perold (2004), ‘CAPM can be served as a benchmark for understanding the capital market phenomena that cause asset prices and investor behavior to deviate from the prescript...
Barclays group PLC is one of the largest financial providers in America, Europe, Asia, Australia, Africa and Middle East. , It which is mainly engaged deals with credit cards, retail banking, investment banking, corporate banking, and wealth management. The bank is made up of investment and corporate banking, global retail banking and wealth management, each of which has several business units (Burn, Cartwright &Maudsley, 2009).
In this case study it was stated that there were a problem happen in the outsourcing for the Royal Bank of Scotland. What happen was there were an error that happen during the routine software upgrade that cause million of that bank customer cant access to their account. The error happen when one junior technician in India was accidently wiped all the information during the routine software upgrade. The member of staff that was working under the program for the Royal Bank of Scotland, NatWest and Ulster Bank and it was based in Hyderabad, India.
Ross, S.A., Westerfield, R.W., Jaffe, J. and Jordan, B.D., 2008. Modern Financial Management: International Student Edition. 8th Edition. New York: McGraw-Hill Companies.