Corporate finance in the news vlerick openday

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<ul><li> 1. Vlerick Business School</li></ul> <p> 2. FINANCE IN THE NEWS 3. STOCK MARKET EVOLUTION (EUROSTOXX 50)3 Vlerick Business School 4. UNREST IN MIDDLE EAST Stock market reactionJanuary-February 20114 Vlerick Business School 5. IMPACT EARTHQUAKE JAPANHurricane Katarina (S&amp;P 500), 2005Tsunami (Sri Lanka All Share), 2004Pearl Harbour (DJI), 1941Earthquake Kobe (Nikkey 225), 1995September 11 2001 (S&amp;P 500)Recent earthquake(Nikkey 225), 20115 Vlerick Business School 6. HUGE US DEBT BURDENhttp://www.usdebtclock.org6 Vlerick Business School 7. EUROPEAN PUBLIC DEBT LEVELSPublic debt 2011 (%GDP)EU (27 )82.5Belgium98Germany 81.2Ireland 108.2Greece165.3Spain 68.5France85.8Italy 120.1Luxembourg18.2Netherlands 65.2Austria 72.2Poland56.3Portugal107.8United Kingdom85.77 Vlerick Business School 8. 8 Vlerick Business School 9. NEW VOCABULARYGrexit,Spanic,9 Vlerick Business School 10. 10 Vlerick Business School 11. BELGIAN GOVERNMENT BONDS 10Y11 Vlerick Business School Source: Bloomberg 12. 12 Vlerick Business School 13. CONFIDENCE LEVELS REMAIN HISTORICALLY LOW13 Vlerick Business School 14. 14 Vlerick Business School 15. RAISING EQUITY: IPOS Samsonite (Hong Kong): $1.25 bio Prada (Hong Kong): $2.14 bio Linkedin (NYSE): $405 mio Bankia (Madrid): 3.1 bio Groupon (Nasdaq): $700 mio Zynga Farm Ville (Nasdaq): $1 bio Manchester United (NYSE): $223 mio Japan Airlines (Tokyo): 6.3 bio (second largest of 2012)! Workday (NYSE): $637 mio Coming up (?): Mexx, Angry birds (Finnish Rovio Entertainment), Dropbox, Bpost15 Vlerick Business School 16. 16 Vlerick Business School 17. FACEBOOK IPO Amount raised: $ 16 bio ($38 x 421 mio) Total Valuation: $104 bio Dual-class sharesZuckerberg has 18% ownership but 57% of voting rights At market value of $104 bio:900 mio users $115/userRevenues: $ 4.04 bioP/S= 26Profit: $ 720 mio P/E= 14417 Vlerick Business School 18. FACEBOOK IPO18 Vlerick Business School 19. RAISING DEBT: RECENT BOND ISSUES IBM (AA-): July 2012$1 bio (1.875% - 10 years) Walt Disney (A): February, 2012$1 bio (1.25% - 3 years)$0.4 bio (2.55% - 10 years) Dr Pepper (BBB): $500 mio (2.7% - 10 years) MGM Resorts International (B-): March, 2012$1 bio (7.75% - 10 years) Very succesful recent issues by Belgian companies (Roularta, ETEX, AB Inbev, Kinepolis, CFE, Arseus, Omega Pharma, Fluxis, DEME, Vandemoortele, Eandis, DEME, Delhaize,)19 Vlerick Business School 20. EVOLUTION INTEREST RATES20 Vlerick Business School 21. EVOLUTION INFLATIONInflation is when you pay fifteen dollars for the ten-dollar haircut you used to get for five dollars when you had hair. Sam Ewing21 Vlerick Business School 22. 22 Vlerick Business School 23. RECENT TRANSACTIONS Universal - EMI ($1.9 bio) Berkshire Hathaway/3G Heinz ($23 bio) AB Inbev Modelo ($20.1 bio) UPS - TNT Express ($7 bio) Dell buyout ($24.4 bio) Liberty Global Virgin Media ($16 bio) American Airlines US Airways (stock swap- combined market cap of $10 bio)23 24. 9.5 Source: Bloomberg24 Vlerick Business School 25. SOME LOCALLY IMPORTANT TRANSACTIONS Immoweb: sold to Axel Springer (127.5 mio) Lutosa: sold to McCain (225 mio) Iris-Canon (70 mio) Glacio - ijsboerke25 Vlerick Business School 26. MISCELLANEOUS: HOW LONG TO BE A MILLIONAIRE?26 Vlerick Business School 27. Vlerick Business School 28. ! Vlerick Business School 29. 29 Vlerick Business School 30. 30 Vlerick Business School</p>

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