The Business Finance Store Discusses How to Properly Value a Business - Consumer Electronics Net
May 28, 2012 --
Santa Ana, CA (PRWEB) May 28, 2012
The price of shares of Facebooks stock has dropped 17% since opening last week at $38 per share, Reuters reported. The drop in price has many concerned about not only losing money, but confidence in the stock market in general. The drop in prices in the first week has some questioning the value of Facebook. While Facebook might have been overvalued, it is far more common for small businesses to undervalue themselves. Just as Facebooks overvaluation creates issues for investors, undervaluation can be a problem for small business owners. In the recent blog post Are You Undervaluing Yourself and Your Small Business?, The Business Finance Store discusses the importance of accurate valuation for small businesses seeking financing.
Knowing how much a company is worth is no easy task. For many small businesses, this concern arises when it comes time to pay themselves. It is common for small business owners to underpay themselves for the work they do, which can ultimately be more harmful than helpful. Read more about properly valuing a business at The Business Finance Store Blog.
The Business Finance Store is a business financing and consulting firm that offers customized Business Financial Solutions. Seasoned professionals offer assistance in a variety of financial solutions to help small businesses succeed such as: Business Financial Solutions, Legal Solutions, and Accounting Solutions.
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The staff at The Business Finance Store understands that starting and growing a business is an exciting time. They keep it exciting by taking care of some of the most difficult aspects, by providing legal advice, helping with vital responsibilities like accounting & bookkeeping, and by obtaining business finance. They can quickly and easily guide entrepreneurs through many different complicated processes and put them on the path to success.
For 10 years The Business Finance Store has been helping startups and other small businesses legally structure their companies, find the right franchises, get the funding they need, and achieve the American Dream of owning their own successful business. Since expanding nationwide in 2007, they have helped thousands of companies and have funded over $60 Million in business credit lines, not including SBA loans. The Business Finance Store sees limitless potential in the current climate, and looks forward to many strong years of growth to come. Take some time to review their services, and give them a call.
For more information, or a free, no-obligation analysis of your business needs, visit The Business Finance Store website:http:// http://www.businessfinancestore.com. A member of their professional staff will contact you to discuss your business' short and long-term goals. Whatever you need, The Business Finance Store is there.
Read the full story at http://www.prweb.com/releases/2012/5/prweb9547575.htm.
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Middle Eastern Accountancy & Finance Excellence Awards becomes annual event - Zawya.com
Following the great success of last year's inaugural awards ceremony, the leading professional body has confirmed the event will be annual, celebrating the best and brightest in accountancy, finance and business. Open to finance professionals, business leaders and organisations, the awards programme is based around the themes of excellence, leadership and best practice.
Arabian Radio Network (ARN) anchor Richard Dean will be Master of Ceremonies and Lord Sebastian Coe KBE, former sprinter, politician and London Olympics Chief, will provide the after-dinner speech.
Last year saw accolades awarded in 11 categories, with Adel Ali of Air Arabia crowned Business Leader of the Year and His Excellency Sheikh Nahayan Bin Mabarak Al Nahayan attending to collect the Outstanding Individual Contribution to the Accountancy Profession. For the 2012 Awards new categories have been introduced, including Chartered Accountant of the Year, Firm of the Year and Corporate Finance Deal of the Year. The entries will be judged by a 14 strong panel of top business and finance leaders from across the Middle East.
Amanda Line, Regional Director, ICAEW Middle East, said: "These awards exist to celebrate the efforts and hard work of people who are often overlooked but without whom business would cease to function. Last year's entries reflected the wealth of talent in finance and business right across the Middle East.
"This year we have added more categories so that we can recognise even more of the people who are striving behind the scenes to drive business and the economy. Now we need people who work in the profession to start nominating themselves or the people they know who are demonstrating such excellence."
Surya Subramanian, Group Chief Financial Officer, Emirates NDB said: We are delighted to once again be involved with these awards. They are a great way to recognise the vital contribution the finance profession makes to driving growth in the Middle East. These Awards also demonstrate the huge and varying range of skills and abilities in the finance world, and remind us that we need to nurture our next generation of business and finance leaders. Hopefully, this also goes some way to show how stimulating and rewarding it can be to work in this area. "
Amanda Line concluded: "Anyone who is, or who knows, someone who constantly demonstrates excellence in business and finance - whether they are at the beginning of an exciting career, or have reached the top of their chosen field - should enter these awards."
For more information on the Middle East Accountancy and Finance Excellence Awards, visit www.accountancyandfinanceawards.ae
About ICAEW
ICAEW is a professional membership organisation, supporting over 138,000 chartered accountants around the world. Through our technical knowledge, skills and expertise, we provide insight and leadership to the global accountancy and finance profession.
Our members provide financial knowledge and guidance based on the highest professional, technical and ethical standards. We develop and support individuals, organisations and communities to help them achieve long-term, sustainable economic value.
Because of us, people can do business with confidence.
ICAEW is a founder member of the Global Accounting Alliance, which represents around 775,000 of the world's leading professional accountants in over 165 countries around the globe, to promote quality services, share information and collaborate on important international issues.
About Emirates NBD
Emirates NBD is a leading banking Group in the region. As at 31 March 2012, total assets were AED 296.7 billion. The Group has a leading retail banking franchise in the UAE, with over 163 branches and over 760 ATMs and CDMs. It is a major player in the UAE corporate banking arena and has strong Islamic Banking, Global Markets & Treasury, Investment Banking, Private Banking, Asset Management and Brokerage operations.
The Group has operations in the UAE, the Kingdom of Saudi Arabia, Qatar, Singapore, the United Kingdom and Jersey (Channel Islands), and representative offices in India and Iran.
The Group is an active participant and supporter of the UAE's main development initiatives and of the various educational, environmental, cultural, charity and community welfare establishments.
Media enquiries:
Hasan Badwan, email: Hasan.badwan@hillandknowlton.com tel: +971 (50) 708 2500
Kirstina Reitan, email: kirstina.reitan@icaew.com, tel: +44 (0)207 920 8607
© Press Release 2012
LONDON FINANCE & INVESTMENT GROUP PLC - Holding in Company - ad-hoc-news.de
An acquisition or disposal of qualifying financial instruments which No may result in the acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect No to qualifying financial instruments
An event changing the breakdown of voting rights No Other (please specify):3. Full name of person(s) subject to PHILIP J MILTON & COMPANY PLC the notification obligation: iii
4. Full name of shareholder(s) (if different from 3.):iv 5. Date of the transaction and date 25 APRIL 2012 on which the threshold is crossed or reached: v 6. Date on which issuer notified: 25 MAY 201210 7. Threshold(s) that is/are crossed 7% or reached: vi, vii 8. Notified details:A: Voting rights attached to shares viii, ixClass/type of Situation previous Resulting situation after shares to the triggering the triggering transaction transaction if possible Number Number Number Number of % of voting using of of of voting rights x the ISIN CODE Shares Voting shares rights Rights Direct Direct Indirect Direct Indirect xi xii ORDINARY 2180554 2180554 2206149 2206149 7.1% GB0002994001 B: Qualifying Financial Instruments Resulting situation after the triggering transactionType of financial Expiration Exercise/ Number of voting % of voting
instrument date xiii Conversion Period rights that may be rights xiv acquired if the instrument is exercised/ converted.C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi
Resulting situation after the triggering transaction Type of Exercise Expiration Exercise/ Number of voting % of voting financial price date xvii Conversion rights instrument rights xix, xx instrument period refers to xviii Nominal Delta Total (A+B+C) Number of voting rights Percentage of voting rights 2206149 7.1%9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
Proxy Voting: 10. Name of the proxy holder: 11. Number of voting rights proxy holder will cease to hold: 12. Date on which proxy holder will cease to hold voting rights: 13. Additional information: 14. Contact name: Mr. J.M. Hodgson 15. Contact telephone number: 020 7448 8950 Note: Annex should only be submitted to the FSA not the issuer Annex: Notification of major interests in sharesxxiiA: Identity of the persons or legal entity subject to the notificationobligation
Full name (including legal form of legal entities) Contact address (registered office for legal entities) Phone number & email Other useful information (at least legal representative for legal persons)B: Identity of the notifier, if applicable
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Forex: EUR/USD plunges on American morning - FXStreet.com
Bailout fears spark Bankia shares dive - The Independent
Finance sector prepares for Greek exit - just in case - New Statesman
No matter how unlikely the financial sector thinks Greece exiting the euro will be, it is taking every precaution possibile to make sure it doesn't get hurt by the process.
Lloyd's of London is preparing for a collapse of the single currency, and has reduced its exposure to the continent "as much as possible", according to a report in the Sunday Telegraph. Despite that, Europe still accounts for 18 per cent of Lloyd's £23.5bn of gross written premiums, with much of that concentrated in Spain and Italy, as well as the safer markets of France and Germany.
Richard Ward, the chief executive of Lloyd's, said:
I'm quite worried about Europe. With all the concerns around the eurozone at the moment, we've got to be careful doing business in Europe and there are a lot of question marks over writing business in the future in euros. I don't think that if Greece exited the euro it would lead to the collapse of the eurozone, but what we need to do is prepare for that eventuality. . .
We've got multi-currency functionality and we would switch to multi-currency settlement if the Greeks abandoned the euro and started using the drachma again.
Other institutions are putting their own houses in order. Two weeks ago, ITV's Laura Kuenssberg tweeted from a trading floor where the drachma had already been installed into the systems, and Reuters reported that a number of banks were quietly preparing for the exit, in which case those problems would be the least of their worries:
Some banks never erased the drachma from their systems after Greece adopted the euro more than a decade ago and would be ready at the flick of a switch if its debt problems forced it to bring back national banknotes and coins. . .
A Greek departure from the euro would create legal and practical problems for the banks which would dwarf the relatively straightforward technical job of dealing in a new currency.
But how unlikely does everyone think exit actually is? Are they covering for an extreme black swan event, or is it something which they are all expecting? Joe Weisenthal at Business Insider provides this chart, from Credit Suisse:
For those of you without the maths skills, that's a roughly 15 per cent total chance of a Greek exit, and another 20 per cent chance of a third round of elections (which, of course, takes us right back where we are already). Not definitely going to happen, but worth preparing for in case. No one wants to shout "fire" and spark a run, but no one wants to be the last one in the burning room either.
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