Saturday, August 30, 2008
3:12 PM...............................................................................
Ho. Waiting for my 160 page UOB annual report to load so i can do my tutorial.
So that i can solve a quadratic equation to get the cost of equity so you can compare it w the fair market value of the co's share.
Yeah. Now you understand why having 2 slices of legendary cheese cake from Ikea is not sufficient to ease the pain from doing valuation tutorials.
Honestly speaking, I don't find the tutorials difficult. They are tedious.
More often than not, to find the PV of something, you just have to plug in values into a given equation. How difficult can that be? You can get the ans even if you don't know what you are doing half the time. *erm hem*
But the difficult part is finding the right figures to plug in.
For example, I was trying to find the tax rate for Osim just now.
Unfortunately, it is not available in the annual report and since osim operates in many countries, it is subjected to many tax rates. And this is before taking into account tax relieves and so on...
So i though: heck. Just take tax paid over income before income tax.
ha. Don't know if i'm right or wrong.
But its definitely the lazy person's way of doing stuff.
And what the hell is NEW DEBT? -Email prof-
~
There's a section on private banking industry in the papers today.
Woot. This high flyer private bank from UBS is a grad from my school.
That's comforting to know despite having no intentions what so ever to join the industry. ('ll be the one having 3-4 private bankers working for me. muhaha)
Not surprisingly, she a looker. I mean. What's new right?
She wakes up 5.30am to put on make up for 40mins.
I can do that too. Ha ha ha.
No pain no gain heh?
~
Discovered a nice Italian Pizza Place just off serangoon gardens.
Anyone who is willing to down the pizza crust while i grab all the toppings, pls contact me.
So that i can solve a quadratic equation to get the cost of equity so you can compare it w the fair market value of the co's share.
Yeah. Now you understand why having 2 slices of legendary cheese cake from Ikea is not sufficient to ease the pain from doing valuation tutorials.
Honestly speaking, I don't find the tutorials difficult. They are tedious.
More often than not, to find the PV of something, you just have to plug in values into a given equation. How difficult can that be? You can get the ans even if you don't know what you are doing half the time. *erm hem*
But the difficult part is finding the right figures to plug in.
For example, I was trying to find the tax rate for Osim just now.
Unfortunately, it is not available in the annual report and since osim operates in many countries, it is subjected to many tax rates. And this is before taking into account tax relieves and so on...
So i though: heck. Just take tax paid over income before income tax.
ha. Don't know if i'm right or wrong.
But its definitely the lazy person's way of doing stuff.
And what the hell is NEW DEBT? -Email prof-
~
There's a section on private banking industry in the papers today.
Woot. This high flyer private bank from UBS is a grad from my school.
That's comforting to know despite having no intentions what so ever to join the industry. ('ll be the one having 3-4 private bankers working for me. muhaha)
Not surprisingly, she a looker. I mean. What's new right?
She wakes up 5.30am to put on make up for 40mins.
I can do that too. Ha ha ha.
No pain no gain heh?
~
Discovered a nice Italian Pizza Place just off serangoon gardens.
Anyone who is willing to down the pizza crust while i grab all the toppings, pls contact me.
