Saturday, February 15, 2020
HFSD Coursework Essay Example | Topics and Well Written Essays - 2000 words
HFSD Coursework - Essay Example Our consultancy services include an exhaustive evaluation of the existing website of Domestic Appliance Services to identify any limitations which exist. Additionally, recommendations would also be made on improvements and steps would be taken to restructure the website in such a manner that it would be able to attract more custom. The consultancy services involve charges of $650 per day. The process of assessment of the website and preparing a written report, followed by implementation of restructuring plans for the website would involve a period of about five days, which amounts to a total investment expense of à £3250. This would be a one time expense rather than a recurring one and when offset against the losses that are happening on a daily basis through lost business, it could prove to be an investment that would be recovered within a day or so. The cost of an individual appliance is itself in about that range. For every sale that is lost, there is a potential loss of several thousands of dollars. Therefore, when the website is restructured in such a manner that it is able to harvest as many sales as possible through effective promotion and interactive links that pick up and follow through on customer enquiries and interest, it would result in improvements in revenue for Domestic Appliance Services that would surpass the investment of à £3250 that the Company would need to make. On this basis, Domestic Appliance Services might like to consider hiring the services of the Consultancy to undertake a detailed examination of the existing website in order to identify any existing limitations and restructure the website. An initial assessment is offered on the basis of the following aspects (a) navigation (b) attractiveness of design (c) ease of use (d) attractiveness of interface. In terms of navigation, the site has some problems. For
Sunday, February 2, 2020
Good Luck Chuck how love and sexuality are constructedrelated in the Essay
Good Luck Chuck how love and sexuality are constructedrelated in the movie - Essay Example A close analysis of the movie Good Luck Chuck in examination of how love and sexuality are constructed and related would prove that the modern texts of movies have great contribution to make towards the interest of Purdue students. It is on the basis of various elements in the relationship between love and sexuality that such an analysis of the movie needs to be carried out if the study should emerge with some implications to the Purdue students. In the introductory paragraph, we identified the movie Good Luck Chuck as a text which has got significant meaning to convey or communicate to the Purdue students in relation to love and sexuality and one may wonder how this movie becomes a text. The movie is a text that reads itself aloud to the audience the meaning and the relation between love and sexuality in the modern world. It means that, like a text of the conventional meaning, the movie has a great message to communicate to its audience which if listened to with utmost attention provides more meaning to life than an ordinary text of our understanding. Therefore, the movie Good Luck Chuck, though apparently just another comedy of life, assumes a greater role with immense implications and meanings in the modern environment. To exemplify, the climax of the movie tells how even the fate that had been indifferent all through Charlie's life turns in his favor acknowledging his insatiable efforts to overcome the same. This message is crystal-clear as if any conventional text would explain. It is in the recognition of this meaning that the movie realizes its meaning and scope and it acts as a text open to its audience. Only condition is that the audience needs to open this text and read for the implicit as well as explicit meaning in it. The implication of the meaning that the movie renders is that the movie itself with all its characteristic features such as the plot, theme, dialogues, symbols and pictorial images resides as if a great text of humanity in its love and sexual relation. When we look for some meaning in the protagonist's specific condition where he is able to have a single sexual relation with every lady he meets but cannot make the relation go ahead so as to end up in a celebrated love relation between the two, it reads, as a great text of life in its varied experience, that the construct that is called sexuality is entirely different from what we can gather about the concept of love. The text of the movie, we may conclude, makes a clear distinction between the concept of sexuality and love. What every human being is cherishing for at the end of each sexual relation is that the relation does not stop there, but reaches the greater stage, i.e. love. It is the same concept of love that drives Charlie fo rward to seek for an everlasting love relation with someone, remarkably Cam, rather than just enjoying a life of sexual satisfaction alone. The movie Good Luck Chuck, therefore, becomes an emblem all that human knowledge recognizes as the difference between love and sexuality. Here, sex is of momentary nature whereas love has a greater significance in human life with enduring value and implication. Not many a text would disseminate a greater message through its medium as the movie Good Luck Chuck does in establishing the real nature of sexuality and love. That is the reason why, movies are often considered
Saturday, January 25, 2020
Bertolt Brecht, LeRoi Jones and Antonin Artaud :: LeRoi Jones Dutchman
Bertolt Brecht, LeRoi Jones and Antonin Artaud In LeRoi Jones's play, "Dutchman," elements of realism, naturalism and non-realism abound. The play features characters such as Clay, a twenty-year-old Negro, Lula, a thirty-year-old white woman, both white and black passengers on a subway coach, a young Negro and a conductor. All of these characters take a ride that, for each, ends with different destinations and leaves the audience to sort through the details and find conclusions themselves. In this play, Jones uses realistic, naturalistic and non-realistic elements to convey social issues such as racism in the author's own disillusioned style. Jones's portrayal is supported with the influences of Bertolt Brecht and Antonin Artaud, whose own disillusionment enhanced their works and greatly diversified theatrical conventions. "Dutchman" is a play that should be talked about by its audience so they can take part cleanse themselves of the issues within, therefore, as many conclusions can be drawn by the individuals exposed in this play as there are numbers of people that have seen or read it. Realism and naturalism arose out of a world which was increasingly becoming scientifically advanced. Airplanes,railroads, automobiles, steamboats and communication advances such as television, radio, the telephone and the telegraph increased the speed and the amount of information that human beings can send. Realism and naturalism " . . . arose in part as responses to those new social and philosophical conditions (Cameron and Gillespie, pg. 335)." Following in a realistic style, Jones sets his play in contemporary times and in a contemporary place- the subway. Jones sets the scene with a man sitting in a subway seat while holding a magazine. Dim and flickering lights and darkness whistle by against the glass window to his right. These aesthetic adornments give the illusion of speed associated with subway travel. Realists believed that the most effective purpose of art was to improve humanity by portraying contemporary life and its problems in realistic settings. Jones depicts racism and murder in a modern setting to remind us that racism and racially motivated murders are not issues only relegated to our nation's past, nor is the issue of institutionalized racism. Jones also used non-realistic elements in his play and was probably influenced by Bertolt Brecht in doing so. Brecht once wrote that " . . . to think, or write or produce a play also means to transform society, to transform the state, to subject ideologies to close scrutiny (Goosens, 1997)." Jones was influenced by Brecht by producing a play in a revolutionary poetic style which scrutinizes ideologies of race. Bertolt Brecht, LeRoi Jones and Antonin Artaud :: LeRoi Jones Dutchman Bertolt Brecht, LeRoi Jones and Antonin Artaud In LeRoi Jones's play, "Dutchman," elements of realism, naturalism and non-realism abound. The play features characters such as Clay, a twenty-year-old Negro, Lula, a thirty-year-old white woman, both white and black passengers on a subway coach, a young Negro and a conductor. All of these characters take a ride that, for each, ends with different destinations and leaves the audience to sort through the details and find conclusions themselves. In this play, Jones uses realistic, naturalistic and non-realistic elements to convey social issues such as racism in the author's own disillusioned style. Jones's portrayal is supported with the influences of Bertolt Brecht and Antonin Artaud, whose own disillusionment enhanced their works and greatly diversified theatrical conventions. "Dutchman" is a play that should be talked about by its audience so they can take part cleanse themselves of the issues within, therefore, as many conclusions can be drawn by the individuals exposed in this play as there are numbers of people that have seen or read it. Realism and naturalism arose out of a world which was increasingly becoming scientifically advanced. Airplanes,railroads, automobiles, steamboats and communication advances such as television, radio, the telephone and the telegraph increased the speed and the amount of information that human beings can send. Realism and naturalism " . . . arose in part as responses to those new social and philosophical conditions (Cameron and Gillespie, pg. 335)." Following in a realistic style, Jones sets his play in contemporary times and in a contemporary place- the subway. Jones sets the scene with a man sitting in a subway seat while holding a magazine. Dim and flickering lights and darkness whistle by against the glass window to his right. These aesthetic adornments give the illusion of speed associated with subway travel. Realists believed that the most effective purpose of art was to improve humanity by portraying contemporary life and its problems in realistic settings. Jones depicts racism and murder in a modern setting to remind us that racism and racially motivated murders are not issues only relegated to our nation's past, nor is the issue of institutionalized racism. Jones also used non-realistic elements in his play and was probably influenced by Bertolt Brecht in doing so. Brecht once wrote that " . . . to think, or write or produce a play also means to transform society, to transform the state, to subject ideologies to close scrutiny (Goosens, 1997)." Jones was influenced by Brecht by producing a play in a revolutionary poetic style which scrutinizes ideologies of race.
Friday, January 17, 2020
Narrative Perspective: Fast Car by Tracy Chapman
Alalysis #1- Fast Car- Tracy ChapmanPosted: 1st February 2011 by t3david in Narrative 0Analysis #1 Narrative Perspective difinetly Artefact: Fast Car Tracey Chapman 1988 I chose to analyse this artefact from a narrative perspective because it the song clearly describes all the elements of a narrative- the setting, characters, and events. Finally in order for this song to be a narrative there must be a moral which I will try to decipher while analysing the artefact. I also choose this artefact because it discusses some almost ââ¬Å"tabooâ⬠topic, so I felt was relevant to pop culture.The exact location of where the events take place is unclear. We can assume through the description of the song that it is likely that the events are taking place with a lower/middle class family living in a small neighbourhood. We can infer this because of the need for the narrator to want to drive away from where she is because there isnââ¬â¢t much opportunity in this small town. The main chara cter is also the narrator and she tells the story of what she is thinking as life passes her by. The main character also talks about other people in her life.One particular person is the person she seems to be singing to. She often refers to ââ¬Å"youâ⬠when she talks about leaving the town. She also uses words like ââ¬Å"weâ⬠and ââ¬Å"usâ⬠to show that whoever she is singing to is with her and that she is not alone. Later on we learn about her family who act as secondary characters. We come to know about her father and the sacrifices she has made for him even though he may not be the best father (ââ¬Å"I quit schoolâ⬠). We also hear about her mother who walked out on her and her father. The major events are all the struggles that the main character had to go through.The narrator tells us about her family situation when she was younger; how her mother left the family, how her dad turned to alcohol, and how she had to pull the weight of her family by dropping out of school and working. She then talks about her life now and how itââ¬â¢s a similar situation in the sense that she has to sacrifice her needs in order to provide for her own family. She talks about her partner sees ââ¬Å"more of your friends then you do your kidsâ⬠and how she had to take up a job as checkout girl (which was probably something that she didnââ¬â¢t plan).These events are active because actions are actually being carried out. Throughout the narrative, the main character talks about driving away in a ââ¬Å"fast carâ⬠which symbolizes her need to get away from all her problems and enjoy the simple pleasures of life. This event has temporal relations and to be more specific it has relations that are paradigmatic because we learn about events and attitudes that happened in the past before learning about the current state of the main character.For example we learn about her wish of driving away even before we hear about her difficult past. I found th at it was a little hard to decode. One moral that is conveyed throughout the song is as much as your try to run away( or drive away) from your problems sometimes they just ending up following you, even if you feel as if you are a good person who doesnââ¬â¢t deserve such problems. However I found that the implications of the artefact can come across positively as well.In the scenario if the implication being positive we can maybe conclude that after hearing the song people who experienced a similar situation in the past or people who are experiencing similar situations currently would be able to connect to the song more, and relate to the events and feelings that is being conveyed by the narrator. Even though the moral of the song may be bleak, people may feel secure that there are other people in world going through some of the same things they may be.However again, we can also look at the other perspective. When impressionable audiences listen to this song, and find that the nar rator doesnââ¬â¢t have a happy ending it could just make people feel more hopeless. Itââ¬â¢s important to note that even though the material of the story is a bit depressing, for example the discussion of single parenthood and alcoholism, there is still an inspirational quality to the song. We can see the inspirational quality of the song because the main character is always referring to wanting to drive away and be carefree.The reference to the main character wanting to drive away is especially effecting because it is the ending of the song. By putting this at the end it really cements the idea of the main character still striving for more in her life; she hasnââ¬â¢t given up. In terms of looking at this artefact and how it relates to pop culture as a whole we can draw a few conclusions. Itââ¬â¢s firstly important to note that this song came out in 1988. Unlike today in 1988 alcoholism and single parenthood wasnââ¬â¢t publicized as much.Today, however, images of alco holism and single parenthood are becoming a common occurrence in all forms of media. So for Tracey Chapman to include material like that in her song was a risk. Another thing that I found related to pop culture, and especially her audience, which was mostly young people, was that Overall I find that the song is effective in conveying its message of always hoping for greater things. As well to enjoy the simple things even if times have been hard.With its clever use of characters, setting, and well organized events that advance the plot the final moral of the song was properly conveyed. Sources Sellnow, Deanna D. The rhetorical power of popular culture: considering mediated texts. Los Angeles: Sage, 2010. Print ââ¬Å"Tracy Chapman- Fast Carâ⬠Web. 1 Feb 2011 http://www. lyrics007. com/Tracy%20Chapman%20Lyrics/Fast%20Car%20Lyrics. html. ââ¬Å"Tracy Chapman-Fast Car Video. â⬠Web. 1 Feb 2011. http://www. youtube. com/watch? v=dl6yilkU1L1. Griffen, Dr. Chris. ââ¬Å"Narrative Alalysis,â⬠N. P. , n. d. Web. 1 Feb 2011. http://stadd. bath. ac. uk/psscg/Q-Nar-lec. htm.
Thursday, January 9, 2020
Financial Analysis And Decision Making At Bresil Investment Finance Essay - Free Essay Example
Sample details Pages: 14 Words: 4075 Downloads: 7 Date added: 2017/06/26 Category Finance Essay Type Analytical essay Did you like this example? 1.Introduction As a team of investment Analyst for Bresil Investment, We have been approached by one of our client, Stephen Curry to offer investment advice. Mr. Curry has two investment choices, either Games Workshop PLC or Hornby PLC. Our analysis will include ratio analysis of both the companies for current and previous years, as well as some industry specific analysis. Aim of this report is to provide Best investment advice for Mr. Curry. 2.Financial Analysis Financial Analysis exists to help decision Makers. It is concerned with the ways in which funds for a Business are raised and invested (Theoh 2009:3 ). Financial analysis can also be referred as analysis and interpretation of financial statements to determine the current position and future scope of the firm using Balance sheet, Profit and loss account and other effective statistics. Financial Analysis uses the financial ratios for this purpose. Financial analysis gives a good idea about the profitability and financial soundness of the company so that investors can take right decision and invest in the Best Company. Donââ¬â¢t waste time! Our writers will create an original "Financial Analysis And Decision Making At Bresil Investment Finance Essay" essay for you Create order 3. Interpretation of Ratio analysis 3.1. Profitability Ratios Return on Capital Employed (ROCE ) The Return on Capital Employed Ratio is the fundamental measure of business performance. This ratio expresses the relationship between the operating profit generated during a period and the average long term capital invested in the business during that period. (McLancy Atril 2008:229) Ratio in percentage can calculated as follows: ROCE= ((Operating Profit)/(Total asset Current Liabilities)) * 100 The above graph shows the ROCE of both Games Workshop PLC and Hornby PLC for 2008,2009 and 2010. Time Analysis ROCE of Games PLC has increased at constant rate from 2008 to 2010. That is 5.48%, 17.26% and 27.98% respectively. On the other hand ROCE of Hornby was better in 2008 (29.47%), however it has declined in 2009 and 2010 (i.e. 17.67% and 12.65% respectively). The reason behind the decline in the return of Hornby with realizing from the capital employed is that the company has invested lot of money in various fixed assets. Also the cost of production has increased in 2009 and 2010 as compared to 2008. Industrial Benchmarking Games workshop PLCs performance very well in 2010 and 2009 (27.98% and 17.26% respectively) as compared to the industry average in terms of ROCE. Also in 2008 the ROCE (5.48) was above the industry average. On the other hand for Hornby PLC also ROCE figures are higher for 2008, 2009 and 2010 (Fame 2010) Conclusion From the ROCE comparison of Games Work Shop PLC and Hornby PLC we can conclude that Games PLC is profitable as compared to Hornby. Profit Margin Profit margin or Operating profit margin relates the operating profit for the period to the sales revenue during that period. (McLancy Atril 2008:229). Profit margin can be calculated as follows Profit margin = (Operating profit/ Sales)* 100 Time Analysis The profit margin of Games PLC has increased at constant rate during the years 2008, 2009 and 2010. Reason behind for this rise is increase in Operating profit and also they become more efficient in their production. That means they have reduces the overheads. So the cost of sales remained almost constant and under control. Whereas for Hornby PLC the profit margin was higher during 2008 (16.85%) but it has decreased gradually during the years 2009 and 2010(i.e, 11.20% and 9.27% respectively).The ratio is decreasing that is clearly unsatisfactory. This is due to the decrease in the operating profit. That means the cost of sale is increased. Industrial Benchmarking In 2010 and 2009 the profit margin of Games Workshop PLC are well head than industrial average, however in 2008 the profit margin is almost half of the industrial average. On the other hand profit margins on Hornby PLC for 3 years are more than the industrial average. Conclusion While considering the Profit margins of both the companies, we can conclude the profitability of Games Workshop PLC is very good. 3.2. Efficiency Ratios 1. Asset Turnover Asset turnover ratio examines how efficiently the asset of the company is being used to generate revenue or ratio assesses the sale that a company can generate for each dollar assets it owns. In common a higher ratio is preferred to lower one. However a higher ratio may indicate that Company is overtrading its assets. Companies with higher asset turnover ratios can thrive even with low profit margin. (Biafore 2004:151) Asset turnover ratio can be calculated as follows: Asset Turnover= Sales / Capital Employed The above graph the comparison of Asset Turnover Ratios of Games PLC and Hornby PLC for three years. Time Analysis It is clear from the graph the ratio is almost same for Games PLC during 2008 and 2009 and it is bit in a lower side during 2010 (2.207). Still the figures are satisfactory for Games PLC. This means that Games PLC is utilizing its assets at constant rate. On the other hand the ratios are decreasing for Hornby PLC. In 2008 it was better (1.749), however when we check the sales, the can conclude that the growth of sale is unsatisfactory as the Capital employed also increased also over these years. Conclusion While considering the Asset Turnovers of both the companies, we can conclude the profitability of Games Workshop PLC is better. 2.Stock Turnover Stock turn over can defined as pace in which the stock are being sold out. It helps us to determine the duration of purchasing period. (Bose 2010:23) In another words it is the number of times the average inventory is sold out in a particular period. It can be calculated as Stock Turnover = (Cost of Sale/ Stock) Time Analysis For Games PLC the Stock Turnover was better in 2009 (3.36 times).In 2008 it was bit on lower side, however in 2010 it has again decreased to 3.03 times. These figures are satisfactory. On the other hand for Hornby PLC the stock turnover is better in 2010 (2.66 times) and in 2008 and 2009 it remained almost constant (2.21 2.24 times). Conclusion In every business will want and target a higher Stock Turnover ratio. While considering the Stock Turnover ratios of both the companies, Games Workshop PLC seems to be in better condition. 3.Stock Days It is also possible to express the ratio as a number of days, which is sometimes an easier way to understand it. To do this uses the following formula: STOCK TURNOVER RATIO (in days) = Average Stocks (Cost of goods sold/365) Or = 365/stock turnover Time Analysis As we can see from the graph, Hornby constantly has higher value of stock turnover than Games Workshop over the span of three consecutive years. But if we closely examine the scenario, Hornby has successfully decreased its stock days (from 160 days in 2008 to 137 days in 2010) while in the case of Games workshop, it is reversed (from 112 days in 2008 to 120 days in 2010) Conclusion The ratio gives us an idea about the number of days that on invested money is being held as inventories. A company is considered as working well when its stock turnover days are less. Hornby decreased its stock turnover days considerably, however if we compare it with that of Games PLC, its values are in higher. ie, While comparing the both companies in term of Stock Turnover days, Games Workshop PLC is better. 4.Debtor Period: Debtor Period or Debtor collection period tells us how long the customers take to pay back the money. Good managed Debtor policies can keep the Debtor collection period as low as possible, without damaging the customer relation. (McLancy 2006:54) Debtor period = (debtor * 365)/sales Time Analysis From the graph it is clear that Games PLC has been successful in reducing Debtor collection period. That is, from 32.65 in 2008 to 28.97 in 2010. This is a satisfactory figure. In comparison with games workshop, Hornby had longer period of debtor. It had 71.11days in 2008 which has gone up to almost 78 days in 2009; however they tried to reduce it to almost 75 in 2010. Conclusion An increase in debtor collection period decrease companys cash flow. That means it will increase the capital employed resulting in lower ROCE. So when comparing the Debtor collection Period of the both companies, Games PLCs Performance is satisfactory. 3.3. Liquidity Ratios 1. Current Ratio This is one of the most widely used ratios defined as Current ratio = current assets/Current Liabilities Current assets are expected to be turn into cash within approximately 12 months and the current liabilities are obligations that company owes that will require cash within in one year. This ratio is a measure of short term liquidity. An investor might expect this ratio at least 1. (Stickney, Weil, Schipper Francis 2010: 266) Time Analysis The graph illustrates continues higher value of current ratio of Hornby over games workshop except in 2009.For this three years Current ratios of both the companies are higher than 1. That means figures are satisfactory for both companies. One can understand that higher value indicates good sign for creditors. Conclusion This ratio gives idea that whether the companys current assets can cover the current liabilities. From the above graph it is clear that both the companies have adequate number of current asset to cover the current liabilities. 2. Acid Test Ratio Acid Test Ratio or Quick Ratio is more severe test of business solvency than Current ratio. It excludes inventory(Stock) which is the current ratio includes and limit the Current asset to cash and items which can be quickly convert to cash. Investors and lenders are more interested in Acid Test ration.(Tracy 2008:287) It can be calculated as follows: Acid Test Ratio = (Current assets- Stock)/ Current liabilities. Time Analysis From the graph we can see a steady increase in Quick ratio of Games PLC. Ie, from 0.904 in 2008 it has increased up to 1.49 in 2010. However on the other hand for Hornby we can see the ratio is fluctuating. That means, in 2008 it was 0.94 but in 2009 it came down to 0.72 and then in 2010 it shot up to 1.38. Industrial Benchmarking While we compare the Acid test ratios of Games PLC and Hornby PLC for each year, we can see that, the liquidity of Hornby is less than 1 in 2008 and 2009. That means Companies Current assets are not sufficient for covering current liabilities. In the mean time value for Game PLC remained almost same in 2008, which was a matter of concern. However Games liquidity has been increased during 2009 and 2010 and the figures are satisfactory. And in 2010 the liquidity of Hornby has improved to a satisfactory level. Conclusion While comparing the liquidity of both the companies, Games Workshop PLC is in better position. 3.4. Solvency Ratios 1. Capital Gearing Capital Gearing tries to measure the risk to the equity shareholders arising from companys capital structure. It is the mathematical relation between the borrowed capital and capital employed. (Elliot Elliot 2006:146) It can be calculated as follows: Capital Gearing Ratio: Long term Borrowing / Capital employed Time Analysis In 2008 Capital Gearing of Games PLC was better (36.6%), however in 2009 and 2010 the value dropped (27.23% 3.53%). And this is not satisfactory. On the other hand Capital Gearing of Hornby PLC was very low in 2008 (1.21%). In 2009 the value has gone up to 19.17% and it reached a maximum of 22.82%. Conclusion When we compare both the companies in terms of capital gearing ratio, we can conclude that Games PLC is in a better position. 2. Interest Cover Ratio Interest cover Ratio ensures that the borrower has adequate amount of cash to pay interest on its out- standing debt. (Wight, Cooke Gray 2009:302). It can be calculated as follows: Interest Cover = PBIT/ Interest payable. . Time Analysis In 2008 the interest cover ratio was very low for Games (1.33), however in 2009 it showed a good sign of improvement (4.98) and in 2010 the ratio is at its best, ie. 43.17. On the other hand the situation was better for Hornby in 2008 (25.1), however it started dropping in 2009 and reached to the minimum value of 7.42 Industrial Benchmarking As per Watson and Head in their Text book An interest cover of more than seven times is usually regarded as safe and more than three times is acceptable. When we compare the interest cover ratio of Games PLC in 2008 with that of Hornby PLC, its value is very low and it is unsatisfactory and its value in 2009 is acceptable. In 2010 Games PLCs position is very safe. While considering the interest cover Ratio of Hornby, even if its value dropped from 25.1 to 7.42, companys position is safe in all these year. Conclusion When we compare the solvency of both the companies, their current positions are safe. However the Game PLC is more solvent than Hornby PLC. 3.5. Investment Ratios 1.Return on Shareholders Funds (ROSF) The Return on Shareholders Funds compares the amount of profit for the period available to the owner, with owners the average stake in the business during that same time. This ratio also represented in percentage. (McLancy Atril 2008:229) ROSF can be calculated as follows: ROSF= ((Profit After tax/ (Share Capital + Reserves)) * 100 Or ROSF= ((Profit After tax/ (Equity)) * 100 Time Analysis From the above graph it is evident that ROSF of Game PLC has increased consistently every year. That is 1.51%, 14.3% and 27.27. On the other hand ROCE of Hornby was better during 2008 (19.31%) but it has decreased in 2009 and 2010 (13.30% and 10.06% respectively). Reason behind in this drop, as explained above the cost of production has increased in 2009 and 2010 as compared to 2008. Industry Benchmarking Both Games PLC and Hornby are performed well as compared to industrial average in 2008, 2009 and 2010. (Fame 2010). When comparing Games PLC with Hornby the ROSF of Games PLC in 2009 and 2010 are satisfactory. 2. Total Shareholder Return Shareholders will be interested to know total return earned on their investment. This will be relative to general price rises, a peer group of firms or may be the market as a whole. TSR includes the dividend returns and share price changes over a particular period.(Arnold 2008:701) TSR= [Dividend+ (Share price at the end of period- Initial Share price)]x100 / Initial share price Time Analysis In 2008, the investment was not good for shareholders for both the companies. That means 38% loss for Games PLC and 33% loss for Hornby. In 2009 there was a profit of 20% in return for Games and in 2010 the profit in return again increased to 77.5%. For Hornby, on the other hand, the investors got good return from their investment. Ie, 62.6% in 2009 and 92.7% in 2010 Industrial Benchmarking When we compare the Total shareholder return for both companies, we can see that Hornby has achieved better return for their shareholders. And the condition of Games PLC is not that bad in 2009 and 2010. Their return also is better than industrial average. Conclusion We can see both the investors of Games PLC and Hornby PLC experienced loss due to fall in price share. However in 2009 and 2010 the investors got good profit. 3. Earnings per Share Earnings per share measure companys growth. EPS takes what company has earned and divides it with number of stock share outstanding. (Jackson Kelly 1998) EPS= Profit after tax/ Number of Shares Time Analysis From the graph we can see that the earning per share of Games PLC has increased steadily. The growth, we can say, is consistent. In 2010 it achieved a maximum earning of 48.9 pence. On the other hand for Games PLC Earnings per share was higher in 2008(15.1p) and it has come down to 11p in 2010. Still we cant say that it is a big drop. Hornby Earnings per Share is also satisfactory. Industry Benchmarking Earnings per Share of Games PLC have been good for over 3 years. It has achieved a maximum of 48.4p in 2010. On the other hand for Hornby, the company performing well in 2008 but in 2009 and in 2010 the Value has dropped. Still the companys values are much above the industrial average. 4.Dividend Per Share Dividend per Share or DPS is the dividend paid to the shareholders on a per share basis. DPS is the better than EPS as the former shows what exactly is received by owners.(Khan Jain 2007:24) It can be calculated as follows: DPS= Net dividend / Number of ordinary share in issue Time Analysis It is clear from the graph that Games PLC has not given any dividend during 2008 and 2009. However in 2010 they have given in a very good dividend of 25p per share. On the other hand Hornby PLC has given dividend every year. Even if the Dividend varied each year, the company managed to give dividend to shareholder. This is a satisfactory. 5.Dividend Cover Dividend cover is the ratio attributable to normal shareholders to dividend. It shows the affordability of the current level of dividends. (Arnold 2004:191) It can be calculated as follows: Dividend Cover= Profit after tax / net dividend Or Dividend Cover = EPS/ DPS. Time Analysis In the graph we can see that previously for Games Plc, the dividend cover was zero in year 2008 2009 and in 2010 it suddenly became 0.39. Whereas for the Hornby Plc Dividend cover was 1.88 in year 2008, then in fall down to 1.94 in year 2010, after touching highest 4.11 in year 2009. Industry Benchmarking For Games Plc the dividend cover of the year 2010 is a good sign but Dividend cover of Hornby Plc cannot be under estimated because it has always remain at a higher end in the last 3 years much above 0.39 level of the Games Plc only in the year 2010. Conclusion On deeply analyzing the ratios of both companies in the graph, Hornby Plc is having greater value. 6.Price Earnings Ratio Price Earnings Ratio shows the association between market price of a share of common stock and Earnings per share.It can be calculated as follows: Price Earnings Ratio= Market Price per share / EPS Time Analysis Price Earnings Ratio of Games PLC was very low during 2008 (-72.5), however in 2009 it has improved to a good figure of 11.74. Again in 2010 it has gone down to 7.15. It is not satisfactory. For Hornby PLC, on the other hand, the ratio was better in 2008 (12.52) and in 2009 price earnings ratio was bit low. However in 2010 the value has gone up to 11.45. This is a good sign and it is satisfactory. Industrial Benchmarking A high PE ratio forecast that the future returns or earning in the company are expected to grow significantly. It is a sign of Market confidence. While we compare the PE ratios of Games PLC and Hornby , we can see that Hornbys performance is more promising. 4. Industry Specific Analysis The Toys Manufacturing industry was targeting 2.2 Billion in 2007, with respect to year 2003 its grew 22% up in that period, it can grow at a better pace as economic scenario improves further. But this Industry is facing challenges from new technology, such as children are getting more attracted toward Internet online games. Due to this traditional toys may suffer could impact sales. But there is a lot of scope for improvement that the industry players can do, like, they can educate parents children about the benefits of toys traditional games as compared to internet online games. Extending the appeal to buy toys in above age categories like grownups adults. But this is not the only end to the problems faced by this industry. Moreover, the stiff competition is making the market more competitive due to price wars which have commoditized the market. Hornby PLC Hornby Plc is a U.K based manufacturing industry specially deals in games toys design, sourcing, distribution of hobby interactive home entertainment products. The Hornby Plc company develops and supplies Hobby and Toy products . The main customers of this industry are the growing children. The brand name are the Hornby, Scalextric, Electrotren, SuperSlot, Lima, Jouef, Rivarossi and MKD. On September 2006, the company acquired Heico Modell, a German company.(Fame 2010) Games Workshop PLC Games Workshop Group Plc is the largest and the most successful tabletop fantasy war games company that is based in U.K. They also designs, manufactures and markets a hobby based upon collecting, modeling, painting and tabletop gaming with model soldiers. The companys major brands are Warhammer and Warhammer 40,000. The companys products are sold through its own chain of more than 300 Hobby centres and by more than 4,000 independent toy and hobby shops around the world.(Fame 2010) The important players of industry are Hornby Plc, Games work shop Plc, Vivid Imaginations Limited, Flair Leisure Products PLC, Vivid TOY Group Limited, Ethos International Ltd, Record RSS Limited, Hardy Greys Limited, Rockstar North Limited, Datel electronics limited etc. Strengths of Industry Once initial appeal is established then attraction of collecting can ensure repeat sales. The major plus point of Industry is that it is made for kids their appeal cannot be ignored by anyone because they never compromise like adults, for buying their favorite toy or game. Teachers parents support toys because they help in learning process of children. Infusion of new toys often makes it fresh again. Licensed products can be charged at high prices can be promoted through TV, Film, book comics etc. Toys games could be good gift from grandparents here is what I bought for you when I went to London. Once a toy is broken, it has to be replaced by a new one without delay, which means high sales. Weakness of this Industry Kids mood is highly unpredictable specially driven by their peer group, about toys. Competition is high from digital media. Due to the desire of kids to possess adult size commodities lifestyles, they may give less importance to toys. New entrants can face higher barrier to entry due to crowded heavily branded industry. High price sensitive toys are mostly pocket sized. Performance of the key players of this Industry Based on Turnover: [Source: https://fame2.bvdep.com/version20101126/Report.serv?context=9ZR65YBIF4ZMOI4_cid=2399 The graph above indicates that both Games work shop Plc Hornby Plc are above the industry average in the year 2009. This means both companies can have a good future investor can get good returns if he/ she invest money in either of them. Out of the two companies under our consideration, Games workshop group Plc is at a better position as compared with Hornby. Based On Profit Margin [Source:- https://fame2.bvdep.com/version-20101126/Report.serv?context=9ZR65YBIF4ZMOI4_cid=2399 ] We can see the huge dip in negative profit margin for more than 3 companies, which indicate the current market position due to competition. But here the profit margin of Hornby Plc is higher as compared to Games workshop Plc for the year 2009. 5. Future prospect of Industry Even though the industry has weaknesses like every other industry has, the future lies to that industry which minimizes its weaknesses maximizes the strengths. For this industry, since strengths are practically psychologically strong but the industry must not forget that consumers will be choosing more carefully making the industry more challenging to do business into. In years to come market will enjoy factors like growing kids population, media influences, parents nature to give something that helps the child to learn by practically touching it children love for toys their collection urge. Manufacturers can further improve it by depending less on licensed products, understanding changing tastes of children as they grow launching more innovative high quality products whether their own ranges or licensing. 6. Recommendation Based on the above detailed analysis of Hornby Plc Games workshop plc, we would positively recommend Mr. Curry, that if he is looking for long term investment then he should invest in Hornby Plc, but if he is looking for short term investment he should choose Games work shop Plc. The reasons to do so are provided below:- Reasons to invest Long term in Hornby Plc:- Looking at the Investment ratios, even though ROSF of Games is increasing Hornby Plc is decreasing in past 3 years, but we should not ignore the past stability of Hornby which is strong Total shareholder return is much better for Hornby Plc then Games workshop Plc. Taking care focusing only for better returns for Mr. Curry, after considering the Dividend Cover Price earnings ratios, which reflects stock market confidence in Hornby Plc than Games work shop Plc. The performance of Games work shop Plc has drastically moved upwards in a very short term, that is why we are not sure whether or not the company can give good returns to their shareholders in long term, this condition is prospective for Hornby Plc. Looking at the graphs provided in the Industrial analysis of this report, where both companies are above industry average but on carefully examining we can make out that even though turnover of Games work shop Plc is higher but profit margin of Hornby Plc is better. Reasons to invest short term in Games workshop Plc:- Looking at the profitability ratios, efficiency ratios, Liquidity ratios Solvency ratios, we can make out that Games work shop Plc is better than Hornby Plc. That means rapid growth is expected in near future after looking at the past 3 years performance.
Tuesday, December 31, 2019
Greatest Romance Film of All Time, Casablanca - 1049 Words
Many denote Casablanca as one of the greatest romance films of all time, but there is more beyond what is going on between the leading man and the leading lady. When an individual ponders Casablanca, they may think of the romance aspect of it, but that is only one facet of this film. Although it probably was not viewed as such at the time, Casablanca is a historical record depicting the events of World War II. This film not only shows events and situations that occurred, but shows how people felt about those incidents. There are many characters from different heritages in the film, and the actorsââ¬â¢ portrayal of a certain type of person, whether American or Bulgarian, can give an idea as to how Americans or Bulgarians felt in real life at the time. Even though there is one American in the film, the viewer can discern how Americans were perceived by others by the acting of that one American; one is almost forced to assume that is what Americans are like since there was just that one character. Through this film, one can tell if the people who made it wanted to promote American involvement in the war; an individual can also see a portrayal of Americans and their allies during the war; there is a depiction of the nature of the war and the violence that ensued because of it; and cultural components are shown. Rick is the only American in the film, and he is quite the all-American man. To some, he would probably be considered good-looking, heââ¬â¢s quite successful with his business,Show MoreRelatedThe Golden Age Of Hollywood1293 Words à |à 6 Pages Classical Hollywood film sprung up in the 1920s and lasted until the mid to late 1960s. This type of cinema, now know as the ââ¬Å"Golden Age of Hollywood,â⬠had a very specific style. It used flashbacks, continuity editing as well as ââ¬Å"narratives structured around the goals of individual charactersâ⬠(Belton 44), also known as a deadline device. Stars of that era were chosen specifically to play the individual main characters and they had more traits than less involved characters, such as launching theRead MoreThe Years, And Midnight Cowboy Won Best Screenplay1652 Words à |à 7 PagesCowboy, Network, and American Beauty have one thing in common, and itââ¬â¢s not that they were all Best Picture films; only Midnight Cowboy and American Beauty were. What these three films have in common, is their ability to stand out in the Best Screenplay race at the Academy Awards. American Beauty and Network both won Best Original Screenplay in their years, and Midnight Cowboy won Best Adapted Screenplay. These films are still widely talked about, not only because they won these awards, but because theirRead MoreSongs That Have Stood the Test of Time and Geography1713 Words à |à 7 Pagesï » ¿Part 1 Background and Identification- There are quite a number of songs that have stood the test of time and geography to remain as vital and popular today as they were when first composed. Perhaps it is because some of these songs simply transcend time and place and appeal to the core of human emotion. Who cannot feel a thrill of excitement and humanity at the finale of Beethovens 9th Symphony, or shed a tear at a favorite Christmas carol? One song that fits this transcendence is La Vie En RoseRead MoreThe Studio System Essay14396 Words à |à 58 Pagesthe business. The Hollywood Studio System: A History is the first book to describe and analyse the complete development, classic operation, and reinvention of the global corporate entities which produce and distribute most of the films we watch. Starting in 1920, Adolph Zukor, head of Paramount Pictures, over the decade of the 1920s helped to fashion Hollywood into a vertically integrated system, a set of economic innovations which was firmly in place by 1930. For
Monday, December 23, 2019
Topshop Company Profile Essay - 6285 Words
Introduction Topshop is a one-stop shop for fashion conscious women. It is an innovative, British brand offering a wide product range, that is trend driven at an affordable price. With a target audience of women aged 15 to 30, particularly focusing on students, offering a 10% discount to all students who shop at Topshop. Topshop are known for their fast fashion, selling trend based pieces at an affordable price, capitalizing on being British and selling the ideology of the British it girl who is unique, stylish and out there. Selling clothing, footwear, jewelry, bags, accessories and make up all under one roof they are seen as more of a lifestyle brand that just a fashion retailer. Topshopââ¬â¢s mission statement sums this up soundlyâ⬠¦show more contentâ⬠¦In the US Arcadia has kept ownership of the brand and has opened four flagship stores in four different cities. But they originally were stocked in Barneyââ¬â¢s Department stores in 2007 when the first Kate Moss line was released. Now they are stocked exclusively in Nordstrom department stores, with even exclusive products designed specifically for Nordstrom stores. Their online store however is probably their biggest form of international operations, with over 500,000 site views per day (Bloom Social Business) and accounting for 22% increase in sales in 2012, when the in store sales had fallen. Topshop ships to over 100 countries and the site can translate to three different languages. Shipping costs are a flat rate of 4 pounds to the UK, and 9 pounds when delivering internationally. Topshop also has released dedicated sites to certain countries, like the US (us.topshop.com) and Singapore (sg.topshop.com), where the price of clothing is in the countries dollar. Strategic Direction Topshop has multiple strategies in keeping ahead of their competition. They fundamentally believe that what sets them apart from their competitors is the fact that they are not just selling a product but they are selling an experience (Justin Cooke). You can see this notionShow MoreRelatedtopshop marketing plan1483 Words à |à 6 Pageswangyt_1002@hotmail.com à TOPSHOP Marketing Plan Prepared:à [25 Dec 2013] Table of Contents 1 Marketing Plan Summary [Please complete this page last] [The marketing plan summary is a snapshot of your more detailed answers from your marketing plan. It should be easy to read and simple to follow.à ] Introduction of Topshop Business name:à Topshop Corporation Business structure:à Topshop Corporation is ownedRead MoreThe Growth Of Electric Shopping1068 Words à |à 5 Pagesglobalisation market. 3. Company Profile of both organisations Topshop (Figure12, Topshop Logo and retail store) Topshop is a famous high street clothing retailer in the UK which belongs to the Arcadia Group that founded in 1964 as a fashion brand within the Sheffield branch of the Peter Robinson Ltd chain initially until 1970s. It had become a stand-alone store, and settled its flagship store on 214 Oxford Street in 1994. (Arcadiagroup.co.uk, 2016) There are more than 300 alone Topshop stores in theRead MoreUnit 12 D11273 Words à |à 6 Pagesetc. Topshop is a high street fashion retailer that has been up and running since 1964 and is has successfully open 300 store across the UK, do shipments to more than 100 countries and has their eclectic British style is known all over the world. Over the years they have built a strong bond with industry insiders and in 2002 they joined forces with NEWGEN, a scheme which allowed them to foster new design talent and provide a global platform for the sceneââ¬â¢s brightest new stars. Topshop also theRead MoreTaking a Look at the Primark Profile1332 Words à |à 5 PagesPRIMARK PROFILE Primark is an Irish clothing retailer, operating in Australia, Belgium, Germany, Ireland (38 stores branded as Pennyââ¬â¢s), Portugal, Spain, the Netherland and the U.K. The companys main base of operation is in Dublin and they are a supplementary of British food processing company ABF. Primark is first opened in June 1969 in Mary Street (Dublin). It became appreciable that more stores are needed and another four were added to the chain. Further extensionand success in Ireland commandRead MoreThe Organization Of Topshop And Successful Company2593 Words à |à 11 PagesMarketing Report Topshop 2014 EC1400614 Contents Page Introductionâ⬠¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦...3 Micro Environment...â⬠¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦....4 Macro Environmentâ⬠¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦.5/6/7 SWOT Analysisâ⬠¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦8/9/10 The Marketing Mixâ⬠¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦...11/12 Bibliographyâ⬠¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦..13 Introduction The following report will be focusing on the organisation of Topshop ââ¬â a well-knownRead MoreTopshop Marketing Plan5356 Words à |à 22 PagesMarketing Plan Executive summary This marketing plan examines the case of TOPSHOP as a UKââ¬â¢s fast-fashion retailer. 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It isRead MoreTopshop Case Study2631 Words à |à 11 Pagesstudy focuses on the aspects of Top Shop and their business. Topshop is a UK leading Fashion retailer. Topshop started in 1964 in the basement of Peter Robinson, a department store in the North of England. It is part of the long standing retail force of the Arcadia Group which includes Burton, Dorothy Perkins, Miss Selfridge and Wallis. Topshop has over 300 stores across the UK and over 100 in international territories. In 1965 Topshop was given the basement of the largest Peter Robinson store rightRead MoreThe Achievement Of The Corporate Goals A Business Essay1991 Words à |à 8 Pagesit means new items are always in store which allows regular shoppers can find new stock each time they visit meaning no customer will be disappointed because they will always find something new. They keep a tight vertical integration meaning the company is involved in the whole fashion cycle: Design, Production, Logistics, Sales. 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