Discount rate update – February 2021

Discount rates blog

Update on Market Discount Rates as at 31 December 2020 Click to download PDF version With the uncertainty created by COVID-19 continuing to impact businesses and markets, the selection of a reasonable discount rate remains a key consideration, whether for the purpose of financial reporting or for broader valuation requirements. The following chart presents a […]

Discount rate update – December 2020

Discount rates blogDec2020

Discount rate early warning – impairment in focus The 31 Dec reporting season is fast approaching and the impact of COVID-19 on asset values remains a key issue highlighted by ASIC in its message to companies. With market conditions continuing to evolve rapidly in response to COVID-19 and other news, the goal of our discount […]

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 […]

Leadenhall’s most valuable assets

Leadenhalls most valuable assets

Even though we’re an industry that relies on facts and formulas, we hope it’s no surprise to you that our most valuable assets are our people. At Leadenhall, we take pride in our focus on attracting a diverse range of talent, developing our people and creating clear career pathways. Internal Leadenhall promotions Leadenhall Director Richard […]

Forecasting in a COVID-19 world – Practical solutions in an uncertain environment

Forecasting in a COVID-19 world

As part of the 30 June reporting period and with the beginning of a new financial year, companies are undoubtedly focused on many aspects of the future, one of which is likely to be how to approach budgets and projections for business planning, capital requirements, and impairment testing. Forecasting 3-5 years in the future has […]

Independent Expert’s Report Review

Independent Expert’s Report Review

Welcome to our first Independent Expert’s Report Review.  A short round up of recent trends in Independent Experts’ Reports (IERs).  For those that are not familiar with IERs and would like more background on what they are and when they are needed, click here for more information. For the initial review we have summarised data […]

Impact of COVID-19 on Impairment Analysis

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

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

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 […]