FINS3641 2011 s2 - THE UNIVERSITY OF NEW SOUTH WALES...

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Prepared by Henry Yip THE UNIVERSITY OF NEW SOUTH WALES School of Banking and Finance FINS3641: Security Analysis and Valuation Session 2, 2011
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FINS3641 Security Analysis and Valuation Introduction 2 Today’s Agenda 1) An overview of the course outline: Part A and Part B Please read the entire content of Part A and Part B of the course outline and be sure you understand the documents 2) The Role and Approaches to Security Valuation This topic is presented in a separate document
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FINS3641 Security Analysis and Valuation Introduction 3 Part A of the Course Outline 1. Staff Contact Details Lecturer-in-charge: Dr. Henry Yip Consultation times: Wed 12:00 – 2:00 pm Phone number: 938 55870 E-mail address: h.yip@unsw.edu.au On-line: Blackboard discussion forums In person: Level 3, West Lobby, ASB Building
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FINS3641 Security Analysis and Valuation Introduction 4 2. Course Details “Why am I here?” i. You have satisfied the pre-requisite requirement. ii. You want to learn and apply techniques to value listed and unlisted companies. iii. You are passionate about securities analysis. iv. You want a career in the funds management or brokerage industry, as a trainee security analyst to begin with and work your way up to become a non-executive director in listed companies. v. You want to become an investment guru in stock valuation and picking with profound knowledge in one or more business sectors.
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FINS3641 Security Analysis and Valuation Introduction 5 2. Course Details “What will I study and gain from this course?” You will study and gain from this course i. Knowledge to estimate and determine the inputs for the various discounted cash flow ( DCF ) valuation models including the dividend discount models, free cash flow to equity (FCFE) discount models and free cash flow to the firm (FCFF) discount models ii. Knowledge to estimate and determine the inputs for the various relative valuation models including multiples that are based on a firm’s earnings, book value, revenue, and the sector to which the firm belongs. iii. Knowledge to estimate and determine the inputs for the various contingency claim valuation models to put a value on a firm’s patents and undeveloped reserves, the firm’s options to expand and abandon an operation, and when the firm is in financial distress iv. Knowledge to judge when and how to use these valuation models to arrive at the fair value of a firm v. Knowledge to make investment recommendations
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FINS3641 Security Analysis and Valuation Introduction 6 3. Learning and Teaching Activities “How should I approach this course to get the most out of it and gain a good mark?” You should i. Come to lecture regularly. ii. Revise the lesson promptly. iii.
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This note was uploaded on 03/01/2012 for the course FINS 3641 taught by Professor Hyip during the Three '11 term at University of New South Wales.

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FINS3641 2011 s2 - THE UNIVERSITY OF NEW SOUTH WALES...

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