We downgrade RIL to Sell with a target price of Rs1,300. We believe consensus valuation of its E&P assets is too aggressive. The stock also looks expensive on earnings multiples, given our cautious view on the commodity cycles and belief in rupee appreciation. Key forecasts FY05A Revenue (Rsm) EBITDA (Rsm) Reported net profit (Rsm) Normalised net profit (Rsm)¹ Normalised EPS (Rs) Dividend per share (Rs) Dividend yield (%) Normalised PE (x) EV/EBITDA (x) Price/book value (x) ROIC (%) 1. Post-goodwill
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of the Caspian Sea region, it accounts for 3.2% of the world"s total oil reserves, and has a reserves-to-production ratio of 70 years. Gas output (at around 30bn cu metres annually) and consumption is currently roughly balanced, although exports are set to rise as output at the main Karachaganak field picks up. Owing to the Soviet-era structure of Kazakhstan"s gas and electricity distribution networks, which are concentrated in the northern and western regions, closest to the main sources, Kazakhstan
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Then explain your selection. | Which of these is the most effective?☐ A. Gas prices are making it too expensive for employees to get to work.☐ B. Due to increasing gas prices, many employers are exploring alternative work schedules for employees.☒ C. Out-of-control gas prices are the result of greedy oil companies. | Why? It is more descriptive and has two parts to the thesis. It states a fact that gas is rising and then it says that because of that schedules are being changed. It provides
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Gasoline is a commodity that has seen violent swings in prices for the last decade. The current price of gas at my local Quik Trip is $3.63. This price has been as low as $2.99 and has been as high as $3.99 in the last four months alone. Many of my fellow G.O.P. brothers and sisters will have you to believe that President Obama is solely to blame for these price hikes. This is the furthest from the truth. There are many reasons that our prices at the pump are increasing, many of which the President
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high quality, cost ratio and creative human resource base. Traditionally, ceramic industry is a labor-intensive sector and companies in developed countries experience difficulties in remaining competitive due to rising labor cost and recent global financial crisis. Bangladesh, being a gas rich, low-labor cost economy and having advanced ‘bone china’ technology, is perfectly positioned to be a strategic partner in production and supply of ceramic goods (Board of Investment, Bangladesh). The ceramic
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Introduction My dear cousin Aly, who often switches from one business venture to the next, is now seeking to invest in two gas stations and has asked me for my educational perspective. His rationale for this business venture is that American consumers have officially accepted the insanely high gasoline prices and what he doesn’t earn in gas sales, he will compensate with convenience item sales. Willing to do anything to assist my family and also not quite sure if it is a smart investment
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January 2015 Introduction My dear cousin Aly, who often switches from one business venture to the next, is now seeking to invest in two gas stations and has asked me for my educational perspective. His rationale for this business venture is that American consumers have officially accepted the insanely high gasoline prices and what he doesn’t earn in gas sales, he will compensate with convenience item sales. Willing to do anything to assist my family and also not quite sure if it is a smart investment
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failed through the years (Sullivan, 2008). The competition has been fierce between different automakers, whether it is with Ford, Mercedes-Benz, Honda, or General Motors (GM). Each company strives to make a car that will not only sell at a reasonable price, but also appeal to the consumer. Now the U.S. automotive industry is financially struggling and may mark an end to an era. Currently Chrysler, Ford, and GM are struggling so much so right now that the manufacturers are temporarily closing doors
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ExxonMobil is an American oil and gas corporation and a direct descendant of John D. Rockefeller's Standard Oil Company (Wikipedia.org). It was formed in November 1999 by the merger of two companies Exxon and Mobil. ExxonMobil is involved in oil and gas exploration, production, transportation and marketing in more than 200 countries and territories. Some of the major lines of business ExxonMobil is operating in is they manufacture basic petrochemicals, such as olefins, aromatics, and polyethylene
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Strategic Audit of Harley-Davidson Current Situation A. Current Performance 2008 ❖ Revenue 2008 $5.59 billion down from $5.73 billion in ❖ Net Income $654.7 million down from $933.8 million i ❖ Earnings per stock share $2.70 down from $3.74 in 20 ❖ Motorcycles sold 303,470 down from 330,619 in 2007 http://investor.harley-davidson.com/ReleaseDetail.cfm?ReleaseID=360949 B. Strategic Posture * Mission ❖ We ride with our customers and apply this deep connection
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