27 October 2017
20 April 2018
29 October 2018
9:30 - 17:00
The trainer is a qualified chartered accountant, who spent several years in corporate finance post qualification. He then spent 18 years in the investment management industry as an analyst/fund manager with Threadneedle Asset Management, a director and head of UK Equities at Scottish Widows Investment Partnership as European, then Global Head of Equity Research at HSBC Asset Management. He ran various types of retail and wholesale funds and produced research on companies in Europe and on a global basis. He developed valuation and research processes and managed teams of European and global analysts and fund managers.
Since leaving the investment management industry the trainer has managed the investment management and investment banking operations of a UK based training company developing programmes for clients as diverse as HSBC, Morgan Stanley, Deutsche Bank, Citigroup, Allen & Overy, JP Morgan, Barclays Bank, Barclays Wealth, Morgan Stanley Investment Management and Schroders. He has managed major graduate programmes for investment banking and investment management clients, training graduate to managing director level participants and advising clients on their training requirements for accountancy, corporate finance and valuation, investment management and private wealth training
Overview of valuation approaches
Other valuation issues
Valuing commodity companies and sectors
This advanced valuation and modelling course looks at the valuation approaches to be taken to enable participants to value sectors which may be at differing stages of development and growth profiles. Traditional valuation techniques assume a simple two or three stage growth profile and a terminal value or basic multiple based valuation tools. This course looks at some of the more difficult companies to value based on the underlying fundamentals of the sector in which the company operates.
The course covers commodity companies, identifying the issues with sectors such as resources, energy and chemicals companies. As well as discussed some of the current issues with traditional cash flow and multiple based valuation approaches the course will cover more advanced valuation approaches. The course will also consider the role of risk assessment in the valuation process and how macro-economic analysis can affect the valuation approach taken.
Examples are provided to illustrate each issue.
Participants will be required to bring a laptop to the course.
Corporate finance is a highly popular sector in the financial services. See related courses:
Corporate Finance Course
Training Course Area
|The Debt Finance Training Course||Asset based lending, Collateralised loan obligations, convertible bonds|
|The Advanced Negotiation Issues in Financial Covenants Course||Annual Debt Service Coverage ratio, Debt-Service Coverage Ratio, Earnings Before Interest, Tax, Depreciation and Amortization|
|Negotiating Heads of Terms (LOI/MOU) & Related Issues||Ancillary documents, commericial contracts and licences, Financial Services and Markets Act 2000|
|Loan Documents and Security Issues Course||bi-lateral vs club vs syndicated deals, Loan market association, mergers and acquisition|
|Valuing Commodity Companies and Sectors||Normalised earnings multiples, probabilistic valuation, valuing a natural resource firm|