Menu
Home
Log in / Register
 
Home arrow Economics arrow Equity Market

A short course of lectures
«Equity Market»





Equity derivativesRisk and return: the recordWarrant ExercisingFinancial intermediariesEquity valuation, inflation and interest ratesMeasurement of risk in the financial marketsListed products other than shares Alternative exchangeSecondary marketGeometric mean returnVenture capital marketOther concepts of return Methods of listing Standard deviation (one asset)Learning outcomesBibliographyVoting rightsPrice / sales ratioResidual valueMembers of the exchange (stockbrokers)Shares with par value, shares with no par value, and share premiumTime frame for listingThe financial system in briefIncentive for employeesKruger randsIncentive for ownersEconomic function of primary marketTrading (secondary market)Cost of dealingThe "normal" or "common" preference shareStructure of secondary equity marketRisk-free ratePrice / cash flow ratioMechanics of dealing (from point of view of client)Arithmetic mean returnRequired rate of returnExchange traded fundsBibliographyBook value per sharePrice of issue is made at a discount to perceived market valueAppointment of professional advisorsSteps involved in a listingUnderwriting a share issueCapitalisation issueThe prospectusPreference share hybridsOther stepsEssence of the equity market A public offerRelative valuation approachRisk predispositionShare transfer receiptsMarket mechanismPrimary marketInstrumentsAcquisition of capital at the best possible priceLearning outcomesReplacement costFTSE / Dow industry classification benchmarkDisclosure of strategic information to competitionLearning outcomesThe participating preference shareAnnualised HPRUltimate borrowers: corporate sectorStatutory environment for investorsConstant growth dividend discount modelMeasures of returnPrice / earnings ratioPreference shares Learning outcomesDisadvantages of being listedSource of informationMotivation for listing (advantages) Costs after listingKey requirements of a VCM listingBalance sheet valuation approachElastic dividend paymentsLiquidation valueOther sources of primary issue of listed equityBetaSpeculators and arbitrageursOrdinary sharesDefinitionThe money and bond markets in a nutshellListing requirements Rights issue (offer)BibliographyPreference sharesRisks faced in holding financial assetsContext & EssenceThe convertible preference shareDebenturesFund managersRelationship between risk and returnLearning outcomesStatutory backdrop to shares and share marketMonetary costMotivation for holding equityCalculation of indicesInvestorsWarrantsLimited liabilityEquity market indicesMulti-stage growth modelStandard deviation (a portfolio of shares)Trading system: automated tradingSignificance of secondary marketThe law, the equity exchange and listingBibliographyNegotiable instruments representing equityPresent value of dividends Letters of allocationFree cash flowAdvantages of preference sharesHolding period returnOwnership distributionEnhanced ability to raise capitalDevelopment capital marketBalance receiptsPressure by public shareholdersThe non-cumulative preference shareClearing and settlementParticipants in secondary market Types of companies that listClaw-back offerMain boardValuationExpected rate of returnInvestingLearning outcomesPre-application submissionCertified transfer deedsConcluding remarkRequired rate of returnIssue for cash or acquisitionEquity market efficiencyA private placingEquitiesBibliographyUltimate lendersPrice / book value ratioPermanent or semi-permanent capital of the issuersBibliographyDividend discount modelConvertible bondsTreasury sharesIssue (primary market)Discounted cash flow approachCredibility and reliability of the companyWarrantsRenounceable offer
 
Found a mistake? Please highlight the word and press Shift + Enter  
 
Subjects
Accounting
Business & Finance
Communication
Computer Science
Economics
Education
Engineering
Environment
Geography
Health
History
Language & Literature
Law
Management
Marketing
Mathematics
Political science
Philosophy
Psychology
Religion
Sociology
Travel