Techniques in Financial Analysis Essay Example | Topics and Well Written Essays - 2500 words

Techniques in Financial Analysis - Essay Example Naked DSL was named the product of the year by the Australian PC Magazine. IIN has grown both organically through innovative product development and inorganically by merging with many smaller ISPs. (b) The company has experienced strong growth through the launch of telephony products and deployment of DSLAM infrastructure. With a range of telephony services that include add-on voice and broadband services, IIN offers their own telephone service resulting in a lower line rental price for its customers. In 2006, IIN introduced its DSLAM infrastructure into telephone exchanges across Australia. DSLAM allowed a speed of over 1.5 Mbit/s with a maximum download of 24 Mbit/s. The potential risk with the product development strategy is the possibility of changes in product line and pricing owing to close competition from other major players such as the regulatory conflict with Telstra. Another medium term growth strategy is the inorganic route of acquisitions. In the early 2000s, IIN expande d nationwide by acquiring RuralNet Tas Access, Granite Internet and so on. In 2003, the biggest acquisition of ihug Ltd. followed. Residential ISP business and trademarks of rival OzEmail followed in 2005. After a hiatus, IIN recommenced its acquisition strategy to acquire Perth-based ISPs, Up’n’away and Westnet. Potential risks for acquisition include synergy and funding risks. When IIN acquired OzEmail, the business side remained with its US-parent, MCI but the retail business was neglected. OzEmail moved very late into ADSL and by 2006, IIN had abandoned the OzEmail brand. Fund-raising for acquisitions is a major concern. In 2006, IIN requested a share trading halt after its share value slid by 50%. There was uncertainty from IIN’s bankers as the company had capital raising issues and thus, unable to honour the bank’s covenants. As the third largest ISP, IIN has utilised its brand for strategic purposes. To increase its market share in metros and regio nal Australia, the company has invested in the â€Å"Hallelujah† and the â€Å"Humanology† brand campaigns. A new hi-tech wireless home gateway, ‘BoB’, is featured in its â€Å"Hallelujah† campaign. The increased brand investment has led to increased sales across its businesses. The company has launched its next phase in brand expansion. A potential risk to the brand strategy of IIN is the existing competition in the ISP segment. There are over 600 ISPs in Australia with Telstra leading the market with 43% market share. The second largest player, Optus holds 11% market share. IIN with its 8% share will need to increase its footprint in Australia to compete with the large players and aid its brand recall with customers. Question 2: Liquidity (136/150 words) (a) 2009 Current Ratio = Current Assets/Current Liabilities ($’000) = 46,939/81,763 = 0.6 2008 Current Ratio = 34,494/77,511 = 0.4 2009 Acid Test Ratio = Current Assets–Inventories-P repayments/Current ($’000) Liabilities-Bank Overdraft = 46,939–1,078-13,981/81,763-501 = 0.4 2008 Acid Test Ratio = 34,494-1,073-8,922/77,511-2,846 = 0.3 (b) IIN’s availability of cash and other current assets to cover accounts payable, short-term debt and other liabilities stands at 0.6 in 2009. The current ratio has improved from 0.4 in 2008 to 0.6 There is an increase in the acid-test ratio from 0.3 in 2008 to 0.4 in 2009. The acid test ratio is a more stringent test, incorporating only those assets that can be converted to cash quickly. Current and

Empire Windrush Essay Example | Topics and Well Written Essays - 2000 words

Empire Windrush - Essay Example The continuous process of the country's growth is a never-ending process, which accounts for the present societal circumstance the Empire has. Its multicultural affinity to various regions in the world has opened up countless opportunities towards improvement of the living standards in Britain. At present, more than 5% of the British population originated from parentage that is predominantly non-British. These include the Chinese, Indian, Pakistani, Bangladeshi, Russian, Africans and Americans (Schiavone, 2003). Also, the number of overseas workers continues to surge ahead. This openness to diverse cultures has paved way for the present status of Britain constituting of different mixtures of excellent methods of civilisation. In addition to that, it also gave way for the country's rich knowledge in different fields including international marketing. Truly, the cultural affinity of the country has led to knowledge cultivation that the country presently enjoys and utilizes towards prov iding a higher degree of citizen satisfaction. Incontestably, the modern Britain owes its current prominence to its history. Britain's rich history is indeed one of the major contributing factors to the country's high quality of life. Judging by its wealthy heritage, numerous historians have long predicted the respectability that previously awaited the country. Indeed, one of the strongest bases for such predictions is the Empire Windrush. The Empire Windrush is a gigantic ship that sailed from Britain to different parts of the world. It is a significant landmark in the multiculturalism background of modern Britain (Kurdi, 2000). The ship Empire Windrush brought the first group of approximately five hundred immigrants to Tilbury near London on June 22, 1948. The Windrush was en route from Australia to England via the Atlantic, docking in Kingston, Jamaica. An advertisement had appeared in a Jamaica newspaper offering cheap transport on the ship for anybody who wanted to come and work in the UK. There was plenty of work in post war Britain and industries such as British Rail, the National Health Service and public transport recruited almost exclusively from Jamaica and Barbados. Though African-Caribbean were encouraged to journey to Britain via immigration campaigns created by successive British governments, many new arrivals were to endure intolerance and extreme racism from certain sectors of indigenous British society. This was to mark African-Caribbean relations with the wider community over a long period. Early African-Carribean immigrants found private employment and housing denied to them on the basis o f race. Housing was in short supply following the wartime bombing, and the shortage led to some of the first clashes with the established white community. Clashes continued and worsened into the 1950s, and there were riots in cities including London, Birmingham and Nottingham. The Second World War paved way for a number of number of outlets including science, technology, art, literature, culture and most of all socio-economic development in a distinct manner. It should be noted immigration changes the demography of a nation and why only demography It influences the local population in a diverse manner whereby the immigrants, though economically backward, generally, bring in their exotic culture and distinct