Private equity and debt capital markets update
The new COVID-normal in private capital markets is setting in and has been generally defined by prudence and caution for investors. However, for long-term investors the Warren Buffett adage “If you aren’t thinking about owning a stock for 10 years, don’t even think about owning it for 10 minutes” holds true as institutional investors have […]
Understanding and driving brand strength (and why it’s more important now than ever)
Intangible assets represent nearly 60% of the value of mid-market companies. A large component of this value is often either directly attributed to, or is reflected in, the business’s brand. A brand portrays a wide range of aspects associated with a business, distilled into a name or image. At the extreme end, one need only […]
Impact of COVID-19 on Impairment Analysis
Drastic changes in operating conditions and financial markets this year pose significant challenges for all of us involved in financial reporting and forecasting. These challenges are illustrated by Prime Minister Scott Morrison’s announcement of a five-month delay in handing down the Federal Budget, due to the difficulty in preparing forecasts. Unfortunately, many of us will […]
Covid 19 – Valuation in an uncertain environment
The Covid-19 pandemic has created a simultaneous global health and economic crisis which has plagued financial markets. Share markets declined upwards of 30% globally, credit spreads have widened significantly and volatility has more than doubled over the same period. Whilst some parallels can be drawn to the global financial crisis, the speed at which economies […]
Unlocking cash from prior acquisitions
Cash is King. Perhaps this powerful mantra has never rung more true for many than in the current environment. Most households and businesses are keenly adopting measures to improve cash conversion (increasing and bringing forward incoming cash whilst limiting and deferring outgoing cash). If you’ve acquired businesses in the past five years, there may be […]
Highlights from the international business valuation VRG event
International collaboration It seems so long ago that large international events were conceivable given the current COVID-19 pandemic. But in October 2019 the Valuation Research Group (VRG), brought together 60 executives from 14 member countries for our international member firm meeting. The meeting, held in sunny San Sebastián, Spain, was an opportunity to make further […]
December 2019 discount rate update
Discount rates down, impairment in focus December 2019 discount rate update – our latest article on how to assess your discount rates identified that: Impairment testing and asset values continue to be one of the key focus areas for ASIC in relation to the 31 December 2019 reporting period, with many businesses applying more rigour […]
Investment evaluation in a volatile market
Evaluating projects and transactions is a critical decision for boards and management teams. This process is becoming increasingly complicated due to the recent volatility of equity markets, interest rates, exchange rates and commodity prices as illustrated in the figure below: For example: Due to aggressive global monetary policy post the global financial crises, 10 year […]
Taking business valuation to new heights with Sydney’s BridgeClimb
Sydney Harbour Bridge’s BridgeClimb experience recently celebrated 21 years of operations. Since its opening in 1998, the bridge has hosted nearly 5 million visitors. BridgeClimb was also voted the #1 experience in Australia last year. The BridgeClimb business The Sydney Harbour Bridge concession was recently put up for tender. Amongst strong competition (including the incumbent […]
Leadenhall appoints new director
Sydney, Australia: Leadenhall is proud to welcome Nathan Timosevski as a director, bringing a wealth of experience to business valuation clients. Prior to joining Leadenhall, Nathan spent more than five years as a partner in the corporate finance team for Crowe Horwath, Australia’s fifth largest accounting firm, during a tenure of more than 14 years. […]
