riott.com

because marriott is spelt tt
this is riott.com

Welcome to David Marriott's web portal

Welcome to riott.com This site is by David Marriott, but anyone is welcome to the content they find here. I am collecting content from the web for myself and to share.

I have split the site into a number of zones that best define the things that I enjoy. These are the web, excel, photography, horses and dogs, not necessarily in that order

Share Price Valuation

The value of a share today is the present value of future cash flows. According to efficient market theory, announcing good (or bad) results will only impact the share price if they were not expected or forecast.

Students of finance are taught that the share price of a company are based on the present value of future cash flows (dividends and/or capital gains) discounted by an interest rate that is based on the risk of those cash flows.

In the financial industry, valuations are required for financial assets or liabilities for various reasons including tax, regulatory and accounting (including reporting to owners and stakeholders). The valuations are as of a specific date e.g., the end of the accounting quarter or year. They may alternatively be mark-to-market (estimates of the current value of assets {liabilities} as of this minute or this day) for the purposes of managing portfolios and associated financial risk (e.g., within large financial firms including investment banks and stockbrokers).

It is possible and conventional for financial professionals to make their own estimates of the valuations of assets that they are interested in, and their calculations are of various kinds including analyses of companies that focus on price-to-book, price-to-earnings, price-to-cashflow and present value calculations, and analyses of bonds that focuses on credit ratings (e.g. assessments of default risk), risk premia and levels of real interest rates. All of these approaches may be thought of as creating estimates of value that compete for credibility with the prevailing share or bond prices (where applicable) and may or may not result in buying or selling by market participants.

Utility

APA:

utility. (n.d.). Dictionary.com Unabridged (v 1.0.1). Retrieved September 26, 2006, from Dictionary.com website: http://dictionary.reference.com/browse/utility

Economics. the capacity of a commodity or a service to satisfy some human want.

Kiwifruit

The image at the top is a slice of kiwifuit. Possibly the healthiest fuit in the world. Full of fibre and 4 times the vitamin C of an orage.

Navigation

This navigaion is to the main parts of the site.