Letter to the bidder shareholder stating the case in favor of making a bid.

Letter to the bidder shareholder stating the case in favor of making a bid. Dear Shareholders, I, the managing director of Yahoo! plc would like to inform the shareholders about the recent Yahoo! deal to merge with PARTYGAMING plc which could be a success with your support. I, on behalf of the Board of Directors write this letter to notify the shareholder about how the merger could help Yahoo! plc and what it means to us. We strongly believe that merging with Partygaming plc will definitely help us to increase of customer base with large numbers; this would definitely facilitate us with increased wealth and size in the business. Eventually this could help increase the shareholders wealth The new technologies have led to an increase in competition in the IT world, and we must take every step possible to retain our position in the market. With people having thousands of alternatives present we have to show our existence and give people what they want. Online gaming sector is a huge market and is rapidly growing every year. Looking at the number of players of the company the website is the largest in terms of poker player. The merger could lead to potential synergy between the two companies's. Both the companies can gain from each other in terms of number of customers. Partygaming plc could aid Yahoo! In providing a platform on which Yahoo! could conduct its gambling

  • Word count: 510
  • Level: University Degree
  • Subject: Business and Administrative studies
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Evaluate Ryanair's strengths and weaknesses.

Evaluate Ryanair's strengths and weaknesses Strengths * Ryanair first budget airline in Europe, market leader. * Most developed route system with frequent departures on Dublin-London route. Pre-empting potential competitors on the same routes, unless they can offer better value than Ryanair through lower prices (which requires them to have lower costs or take the pain of losses) and/or extra services (but customers must consider these worth paying for). * Pursuing clear strategy, efficient and effective low cost operator; activities fit together to create low cost ??difficult to undercut Ryanair on cost, and therefore on price (but see weaknesses for some cost vulnerabilities). Low and reducing breakeven load factor, easily cleared, reduces financial risk. Similarly, average length of passenger haul is moving in the right direction, as is number of employees per aircraft ??reducing cost per available seat mile?good operating profit. In fact, in 2001 Ryanair was considered the most profitable airline in the world * Low debt, relatively high p/e ratio makes it possible to raise finance for growth * Leadership - testimony of awards for management. Michael O'Leary and Tony Ryan are determined competitors, turned Ryanair around very effectively Weaknesses In an inverse way, Ryanair's weaknesses can be listed and assessed to see whether any of them create critical

  • Word count: 484
  • Level: University Degree
  • Subject: Business and Administrative studies
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Exercise on Competitiveness

Exercise on Competitiveness Retailer: Kwik Save Kwik Save remains a competitive business compared with The Gourmet. Although Kwik Save sells its products at much lower prices than The Gourmet does, its products do not cost nearly as much to produce. The products are sold in bulk, but the quality is not as high. This however does not effect the profit margin. Although the profit margin is lower the sales turnover makes up for the difference. Kwik Save has a Low and Narrow Range of Brands to offer to its consumers. This means that Kwik Save is only interested in producing successful and fast selling Brands. This is an advantage compared to The Gourmet because it is not wasting precious shelf space on non- selling products. Kwik Save does not have its own Personal Service. This is not a problem because Kwik Save might have other stores situated around the country. The Gourmet being a smaller business might not have another premise to sell to its products to customers, so the option of have a Personal Service might bring more sales. The market segment that Kwik Save has aimed at is for people earning at a lower income. This is suited for everyone. This means that people who are high or low-income earners can shop at Kwik Save. Low prices would be an attracting factor for other people. Retailer: The Gourmet The Gourmet offers a smaller service to its consumers, than Kwik

  • Word count: 475
  • Level: University Degree
  • Subject: Business and Administrative studies
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Investigation &Analysis Questionnaire

Investigation & Analysis Interview Interview: Mr H. Osman (Accountant of the Punjab Textiles Ltd) Date: 15.08.04 Interviewer: Adil Malik Organisation: Punjab Textiles Ltd . What does business do? > In fabric before branching out into ready-made outfits > Providing a unique made-to-measure service > Sell their products and import goods 2. How many branches are there? 1 2 3 4 5 other Please specify 3. As an Accountant what is your role in the firm? Role is to check, summarise, present, analyse, and interpret the accounts for the owners To obtain information about costs (e.g. the cost for labour, materials, and overheads) and interprets it and prepares reports for the director. 4. Briefly state your responsibility in the organisation? He is concerned with the financial decision making with the directors, planning and control of the businesses finance. Current Method: 5. Describe briefly in the current system being applied? Paper based accounting systems. Using a Double-entry book-keeping system in a manual accounting system 6. Do you any software? Yes No If Yes please specify 7. Name some of the transactions and documents used Transaction Documents . Sales 1. Cash Book 2. Debit Purchases 2. Ledgers 3. Small expenses 3. Petty Cash Book 8. How do you record the transaction? > Records

  • Word count: 443
  • Level: University Degree
  • Subject: Business and Administrative studies
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Fusioni

VALUTAZIONI LE OPERAZIONI DI FINANZA STRAORDINARIA FUSIONE PURA -costituzione di una nuova societa FUSIONE PER INCORPORAZIONE -incorporazione di una o piu societa in un altra RAPPORTO DI CAMBIO -esprime il numero di azioni della societa incorporante che devono essere assegnate ai soci dell incorporata, o delle societa partecipanti alla fusione in cambio delle azioni da questi possedute in tali societa e annullate x effetto dell operazione - soc A=incorporante , soc B=incorporata: rapporto di cambio=prezzo azione B/ prezzo azione A FUSIONE TRA SOGGETTI INDIPENDENTI -le parti hanno autonomia di giudizio -fusione=acquisizione regolata carta contro carta, cioe nn denaro ma partecipazioni(tranne nel caso delle c.d. merger of equals) -il concambio ha significato di vero e proprio prezzo negoziato -concambio e influenzato, in misura rilevante, dalle potenzialita che le aziende partecipanti alla fusione sono in grado di generare e apportare FUSIONI IN CONDIZIONI DI SUBALTERNITA -una delle parti nn ha autonomia di giudizio -fusione=operazione di riorganizzazione/ristrutturazione -concambio nn deve tener conto dei diversi interessi delle parti in causa ne delle loro forze contrattuali(tutela di azionisti di minoranza estranei al gruppo di controllo) -tipico delle fusioni orizzontali tra soc controllate dallo stesso soggetto o delle fusioni verticali tra

  • Word count: 387
  • Level: University Degree
  • Subject: Business and Administrative studies
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Executive Summary - Nestl

Executive Summary Nestlé is the largest food and drinks manufacturer based in Switzerland. It has 479 factories operating in 81 different countries. The year 2000 displayed Nestlé's best sales figures at 81.4 billion, which was an increase of 9.1%. The profit was at 5763 million being an increase of 22% compared to previous years. Nescafe holds a majority market share of 56% in the instant coffee market. This share has continued to rise over the years. Even though overproduction of coffee beans has led to a fall in prices, consumption of instant coffee has not fallen so much as price. Nescafe faces immense competition from rival coffee, tea and hot chocolate manufacturers. It has also had to compete with the soft drinks market in attracting younger consumers. It has continued to target health conscious people with its decaffeinated and organic products. The sector finds it difficult to attract younger consumers markets 15-24 years old. It has therefore carried out continuous innovations concentrating around the idea of immediate consumption this has led to the developments of the self-heating can of coffee 'Hot When You Want' and also Nescafe Ice coffee. The largest consumers of instant coffee is the age group 35-54 year olds. An ageing trend in the population shows that the instant coffee market will continue to benefit as it can be seen that the older the

  • Word count: 387
  • Level: University Degree
  • Subject: Business and Administrative studies
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Analisi fondamentale

ANALISI FONDAMENTALE e il processo che organizza tutte le info raccolte nella base informativa e nel piano, le seleziona, le controlla, le elabora e interpreta, le corregge e le traduce in strumenti idonei x una previsione efficiente. ANALISI FONDAMENTALE X VAL ASSOLUTE A)ANALISI CORRETTIVA DEI DATI CONTABILI I) NORMALIZZAZIONE DEI RISULTATI STORICI -redistribuzione nel tempo di proventi e costi straordinari -eliminazione ricavi e costi estranei alla gestione -aggiunta di ricavi e costi latenti -neutralizzazione politiche di bilancio distorsive -correzione di convenzioni contabili nn coerenti con la finalita di analisi fondamnetale -correzione incidenza fiscale sul bilancio Il fine e ricondurre i componenti di reddito a rapporto di effettiva causaliita con attivita dell azienda e periodo di riferimento I)ALLINEAMENTO DEI PRINCIPI CONTABILI allineamento ad una serie unica di principi(principi contabili internazionali).in assenza di cio sussiste il rischio di sommare grandezze nn omogenee. I)NEUTRALIZZAZIONE EFFETTI DISTORSIVI INFLAZIONE quando quest ultima puo provocare utili o perdite fittizie. nn va trascurato in presenza di forti tassi di inflazione I)INTEGRAZIONE ECONOMICA DEI RISULTATI CONTABILI L'opportunità di procedere all'integrazione economica dei risultati contabili nasce dal fatto che questi ultimi non rilevano o rilevano in misura parziale (e

  • Word count: 362
  • Level: University Degree
  • Subject: Business and Administrative studies
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