HND Investment投资学报告GU3（第一部分）

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1、Report - Investment Investigation report IntroductionIn this report, I will introduce the each company general condition about I chosen, and how do I gather these information and data, source of information. I will set objectives which is time objectives for collecting the information and data. Fina

2、lly, I want to summarize simply the world economy trends in recent years. In the past four months, I invested in four companies in FTSE 100. They are Hammerson PLC, Associated British Foods, British Sky Broadcasting and Bhp Billition, which inceptively belongs to industry of building, food, mining a

3、nd broadcasting.In the recent years, the world economy continued dropping, and leading to the gradual decrease in the stock market Especially in 2007 year, the international crude oil price reached the highest point, the secondary loan crisis broke up in USA, and the British cut interest and so on,

4、which impacted both the world economy and stock market.Time schedule Nov.20Provided the price earnings, market capitalization, earning per share, dividend per share and divided yield.Nov.30 to Feb.15During the period, I had colleted the share price of each company weekly and researched the in news r

5、elated to these companies, which led to better understand of the information about this project. Feb.22to Mar.28 Among this time, I had collected a lot of news and information from the newspaper and television about home and aboard. I had continued to gather the share prices of each company weekly.

6、Meanwhile, I set up my investigation. Mar.30 to Apr.5I had communications with classmates about each companys share trends, and I had analyzed the some factors that have impacted on share prices. And I had compared the performance of each company with other company as the same sector.Apr.6I had draw

7、 up the report, and summarized the structure and contents. Apr.8 to Apr.11I had completed this report.The method of information collectionI had used some methods to gather more useful information and data about each company. From Nov.30 in year 2007, I had noted the share prices weekly and made it i

8、nto excel. I had suffered the internet to download the hot news about my project in my spare time. Meanwhile, I had also watched the television and listened to the radio to gain the news. A useful way was to read the newspaper every day, especially the finance and economics newspaper including a maj

9、ority of news about the share priceschanges and the news that have impacted on the share prices. Once falling across the useful information or data, I often copy them and used them in my report Of course, the oldest but the best available way was to go to the library. When lacking of knowledge about

10、 investment, I had gone to the library to learn and I had get more knowledge after that, which is extremely helpful to my writing of this report.Sources of informationIn order to complete my report better, I had gathered the information and data through out many sources. The most popular one was the

11、 internet, for instance, , , , . Newspaper and television are sources of information too. In order to collect more information and data, I often read the newspaper and watch the television Sometimes, I bought the book about investment to read, which could also provide information and data I need. Ev

12、aluation report Introduction Last year, the world and uk economy changed. In this report, I will introduce the movement of share prices each company, and some economy trends on the basis of the data and information collected. According the news I collected, I will analyze the factors that impact on

13、share prices and compare the performance of each company with other company as the same sector. Finally, I will provide discussion about the future performance of each company.In the 2007 year, all shares has decreased to the lowest point all round the world, the whole stock market always lie in the

14、 low tide in line with world economy durative decreased. In this part, I will analyze the movement of shares about I chosen.Company introductionFirstly, the Associated British Food PLC, this company success of sliced white bread. Sliced white bread (under the brand names Allison and Kingsmill): ABF

15、became known when it launched when it sliced white bread on the market in the 1930s. The product was an immediate success Today ABF is a huge Group, specializing in a variety of foods. The Group sells its popular brands, such as Ovomaltine, Ryvita biscuits, Nelsons jam and Twinings tea, in supermark

16、ets. It also has its subsidiaries, British Sugar, the leading sugar producer, Allied Grain, which develops food for our animal friends and Abitec Corporation, in the USA, selling food ingredients to the industrial sector.ABF also runs two major chain stores in Ireland and the UK, Penneys and Primark

17、, which mainly sell apparel and operates George Weston Foods in Australia and New Zealand. ABF is a Group that counts. The proof: in mid-April 2002 it bought up 19 North American food brands from the Unilever Group. As a result, ABF is on the way to becoming the number 1 in distribution. The Associa

18、ted British Food PLC has held total of 791,674,000 shares, the sector belongs to Agro-food, and the sub-industry was MiscellaneoASSOCIATE BRITISH FOOD PLCDateData11.30.2007887.00 12.07.2007859.50 12.14.2007872.00 12.21.2007896.00 12.28.2007895.00 01.04.2008831.50 01.11.2008794.00 01.18.2008831.00 01

19、.25.2008867.50 02.01.2008876.50 02.08.2008830.00 02.15.2008841.00 02.22.2008876.50 02.29.2008848.50 03.07.2008819.00 03.14.2008854.00 03.21.2008869.00 03.28.2008879.00 From the chart, we can see clearly that the movement of its shares still fluctuated in past four months. Especially, before the Jan3

20、0, the shares price has taken place intensely fluctuated, decreaseing from 831.50 to 794.00 in Jan4 to Jan11, then it has considerable increase from Jan18 to Jan30. After a repaid decreased rapidly, the price has risen again and remains the raise situation until Mar28.AnalyzeIn the four months obser

21、ving, food sector and this companys stock has shown the fine trend. From this company has holding shares to now this stock has been going up. Because of impacted by the secondary loan crises in USA and the bank of England face the pressure to cut interest. But another one aspect having been confront

22、ed with the inflation pressure at the same time therefore British inflation pressure is bigger after cut interest. The inflation leads to the United Kingdom in the homeland price index and the consumption index still at a high level directly, caused by food industry cost increased, respond directly

23、on the prices above, the let the consumer is very difficult. Food is the essential thing for people, being in economy when the most difficult also be that food costs to some extent. Therefore, Food Company shifts gradually growing cost on to a consumer directly but the company loses small profit the

24、n. United Kingdom counts the up to the minute bureau data display on January 15 , price uses British food in course of set a record speed has risen , food wholesale price has gone up7.4% in 2007.Relative to high risk industry investment such as real estate and banking, the low risk food industry is

25、found satisfactory among them comparatively by the majority, is turned to carrying out investment on it. The committee (European Commission) of European Union has approved the energy company United Kingdom Petroleum Company (BP PLC) on 30th with United Kingdom food retails Corp. (Associated British

26、Foods) plan jointly building the biochemistry alcohol factory in United Kingdom. The above-mentioned joint investment plan total investment forehead is controlled by 200 million pound starlings.Europe stock market opens quotation on 17th January going up, recover the first business day falling. The

27、food Corp (Associated British Foods PLC) share price United Kingdom is allied self with goes up 8.5%, 13%, is in keeping with because of company the first property crop of income increase anticipate that.As for this company, have explained that, United Kingdom economy is not very the prosperity and

28、the company still operating funds and sufficient avails having a great quantity , such active profitable information make the investor enhances , has direct impact to stock market. Compare In 2007 year, the achievement of this company always less than the whole food sector in UK, but start to the 20

29、08 year, the ABF Company over the sector and keep to Mar.28. The company introduction The second company was British Sky Broadcasting. The British Sky Broadcasting Group, better known as BSkyB, plays an important role in the British TV and radio landscape. BSkyB has an expanding niche market - satel

30、lite broadcasting of TV programs through paying channels. It is one of the main suppliers of this market. BSkyB brings us entertainment, information and sport through mass program distribution. The Group particularly focuses on interactivity, allowing viewers to access a wide range of recent and ori

31、ginal programs, for example new films on Sky One and Sky Movies. For sport, BSkyB has bought the broadcasting rights to football and rugby matches in Scotland and England, the two sports that bring in the largest number of viewers. The Sky Sport division also broadcasts golf tournaments, basketball,

32、 tennis, ice hockey and boxing and athletics. BSkyB can be proud of its success. The Group estimates that its channels are watched in million homes in the UK and Ireland. 8 million people subscribe to its digital service.With the acquisition at the end of 2005 of the company Easynet, Internet access

33、 provider and fibre optic network operator, BskyB is now in a position to diversify its services by offering VoIP telephone, video on demand, and of course Internet based TV channels. This company has all total 1,752,842,000 shares, work for media and industry was broadcasting and the sub-industry w

34、as television.DateData11.30.2007625.0012.07.2007601.0012.14.2007608.0012.21.2007622.0012.28.2007619.0001.04.2008576.5001.11.2008539.0001.18.2008523.5001.25.2008540.0002.01.2008556.5002.08.2008552.0002.15.2008576.0002.22.2008590.0002.29.2008568.0003.07.2008549.0003.14.2008540.5003.21.2008537.5003.28.

35、2008562.00From the data and graph, we can see that shares price changed in 2007 to 2008.In 2007 year, the prices hardly had any huge changed, but start in 2008 year, the prices has taken place exquisite alteration. The situation reached the bottom in Jan18, after decreased the prices raise gradually

36、 to the highest point (590.00) in Feb22 and following there was a marked fall in prices from Mar7 to Mar21, then the prices jumped quickly in Mar28. AnalyzeBritish Sky Broadcasting announced on December 7, the young Murdoch will abandon the CEO post, and to succeed his father as the chairman of this

37、 group.December 20, the British Competition Commission (Competition Commission) suggest that the equity ratio of British Sky Broadcasting Corporation in the Independent Television (ITV PLC, ITV.LN), decreased from17.9% to7.5 %.Since it was announced that the financial account in last quarter, the co

38、mpanys shares have dropped by about 14 %, the reasons including the management department, but also is the investors produced the misgivings that is the expenditure had dropped in Unit Kingdom, the companys share price fell 0.5 percent on Friday in London. The KEY PRESON whether is stay or leave, th

39、e impact is tremendous for this company. Obviously, the top of manager in this company have issued their own views for the new senior director of the company. And this action violated the guidelines of British corporate governance, when the news was put out, BSB company stock price declines signific

40、antly.But for the new director of the 34-year-old Murdoch, he also had made a lot of success for company and led the company introduced the three-in-one services. including digital television, broadband Internet and telephone etc. At present this service had been warmly welcomed by consumers both si

41、des of the Atlantic. The companys stock to return normally, after news influenced to the company. Due to cooperation of traditional media and new media network and newspaper that was looked down upon sold increased also would increase, so this industry has a good turning point and infinite potential

42、.This new opportunity had brought a new direction of development to mature industries. In recent years Google and Yahoo, they had established contacts with the traditional media. The media industry will be stably pursuit of development.Currently the media industry evident appeared three trends: Firs

43、t, to the global media industry apply itself to bigger and bigger. Second, department of financial media is becoming a part of large media group integral asset allocation. Third, online news and information service system has had became a focal media products. Compare The BSYB Company still keep the

44、 steady with the media sector between the 2007 year and 2008year. During the period, there was a small change in from January to February, that is the sector results higher than BSBY Company. The company introduction Thirdly, the company was BHP Billition. The mining producer BHP Billiton, one of th

45、e world leaders in the production of diversified resources in the mining industry sector, has emerged from the merger of Billiton plc and BHP Limited, an Australian Group. Today BHP Billiton is one of the main producers of chrome and manganese. It also produces aluminum, nickel, copper and steel. Th

46、e Group operates mainly in three regions in the world ? Australia, Latin America and South Africa. Through its subsidiary, Ingwe Coal (coal export), BHP Billiton owns half of Richards Bay Minerals (titanium producer). It has also bought the Canadian company, Rio Algom, specializing in the production

47、 of gold, copper, coal, uranium, zinc and lead. The Group has a Commerce and Marketing Division based in Switzerland and Holland, and another dedicated to technology, which ensures that the Group adapts to the new technological scene by developing new designs.This company held total of 2,207,006,000

48、 shares and the sector is part of Metallurgy, the industry was mines, metals and sub-industry was extraction of metal ores. BHP BILLITIONDate Data11.30.20071,607.0012.07.20071,676.0012.14.20071,545.0012.21.20071,540.0012.28.20071,561.0001.04.20081,542.0001.11.20081,513.0001.18.20081,378.0001.25.2008

49、1,417.0002.01.20081,622.0002.08.20081,501.0002.15.20081,551.0002.22.20081,615.0002.29.20081,630.0003.07.20081,590.0003.14.20081,590.0003.21.20081,361.0003.28.20081,476.00The data tell us that there was a little fluctuation in prices between from Nov30 to Dec14 and remain steady subsequently in 2007y

50、ear. Starting in 2008 year, the prices changed dramatically, the prices reduced continually from Jan4 to Jan18,and the figures bottom out in Jan. fortunately, the figures went up significantly from Jan25 to Jan Feb21 and remain steady between Feb21 to Mar10. After a little reduction from Mar14 to Mar21, the prices climbed sharply in Mar28 and remained grow up.