Avoiding Share Valuation Nightmares - Tips & Traps Explained

Introduction

As is the case with many types of advice, share and business valuation has become more and more complicated, while the penalties for getting it wrong are on the increase.

Through the use of real valuation cases and examples, this seminar will deal with the differences between the various bases of value, and importantly, what they mean in valuation terms, and when and where they will apply. It will deal with many of the vagaries of even the well-known valuation methodologies and techniques. It is often easy to fail to identify where value really lies.

Whether for tax or non-tax valuations, this seminar will help attendees avoid many of the traps for the unwary.

What You Will Learn

This course will cover the following:

• The various valuation bases - market value, open market value, fair market value, fair (equitable) value
• And what they mean in value terms
• Fair (equitable) value - companies or shares?
• Importance of correctly understanding the various valuation methodologies
• EBIT, EBITDA and Enterprise Value
• P/E based valuations? Any life in the old dog?
• Discounted cashflow methods in outline
• Dividend yields and fixed interest securities
• Valuation implications of Unusual Articles' wordings
• Identifying hidden value
• QP or not QP; that is the question - and what to do with it if it is?
• Not overlooking the tax bear traps
• Mixing and matching multiples
• Bid premium or no bid premium?
• Expert Witnesses and negligence
• How to prevent goodwill from disappearing
• Converting goodwill into other intangibles