The Efficient Markets Hypothesis in its semi-strong form says that
the current market price of an asset incorporates all available information about the security in question.
The strike price is usually higher than
the current market price of the asset when it is first traded but is usually valid for an extended period of time; and some warrants such as MINIs or perpetual warrants have no expiry dates.
Not exact matches
Important factors that could cause actual results to differ materially from those reflected in such forward - looking statements and that should be considered in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our business and execute our growth strategy, including the timing, execution, and profitability
of new and maturing programs; 2) our ability to perform our obligations under our new and maturing commercial, business aircraft, and military development programs, and the related recurring production; 3) our ability to accurately estimate and manage performance, cost, and revenue under our contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures and the potential for additional forward losses on new and maturing programs; 5) our ability to accommodate, and the cost
of accommodating, announced increases in the build rates
of certain aircraft; 6) the effect on aircraft demand and build rates
of changing customer preferences for business aircraft, including the effect
of global economic conditions on the business aircraft
market and expanding conflicts or political unrest in the Middle East or Asia; 7) customer cancellations or deferrals as a result
of global economic uncertainty or otherwise; 8) the effect
of economic conditions in the industries and
markets in which we operate in the U.S. and globally and any changes therein, including fluctuations in foreign currency exchange rates; 9) the success and timely execution
of key milestones such as the receipt
of necessary regulatory approvals, including our ability to obtain in a timely fashion any required regulatory or other third party approvals for the consummation
of our announced acquisition
of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future
pricing under our supply agreements with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability
of all parties to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the risk
of nonpayment by such customers; 13) any adverse impact on Boeing's and Airbus» production
of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or international hostilities, or acts
of terrorism; 14) any adverse impact on the demand for air travel or our operations from the outbreak
of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns on pension plan
assets and the impact
of future discount rate changes on pension obligations; 17) our ability to borrow additional funds or refinance debt, including our ability to obtain the debt to finance the purchase
price for our announced acquisition
of Asco on favorable terms or at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect
of governmental laws, such as U.S. export control laws and U.S. and foreign anti-bribery laws such as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both in the U.S. and abroad; 20) the effect
of changes in tax law, such as the effect
of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations
of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect
of such changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers, as well as the cost and availability
of raw materials and purchased components; 23) our ability to recruit and retain a critical mass
of highly - skilled employees and our relationships with the unions representing many
of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment
of interest on, and principal
of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness
of any interest rate hedging programs; 28) the effectiveness
of our internal control over financial reporting; 29) the outcome or impact
of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition
of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a result
of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks
of doing business internationally, including fluctuations in foreign
current exchange rates, impositions
of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.
In those areas that we have mapped, it typically takes us a few hours to go from a mechanism - inspired idea for treating a disease to knowing the companies that might have relevant clinical and preclinical
assets to license, the companies from whom a candidate could be commissioned, trial designs and endpoints, competing and complementary agents,
current and future standard
of care,
market size, comparable
pricing, financing strategy, and potential acquirers, all meant to enable a thoughtful first - pass assessment
of whether an idea could be worth a much deeper assessment.
During trading, subjects could see all outstanding bids and asks in the
market, all concluded transaction
prices for that period, their
current cash and
asset holdings, and a plot
of average transaction
prices in every past period.
Higher oil
prices would reinforce
current market trends based on reflation: rising long - term bond yields and a shift out
of perceived safer
assets — bond proxies and low - volatility stocks — and into cyclical
assets such as EM.
All the parties involved in the trade are filled and settled using this method, allowing for
current pricing of an
asset to be determined by the resulting forces
of the
market.
Market Price — The
current, fluctuating cost
of a tradeable
asset.
Net
asset value (NAV) which is the
price per share equates to the
current market value
of the fund's net
assets divided by the number
of shares outstanding.
The intrinsic value is an easy calculation - the
market price of an option minus the strike
price - and it represents the profit that the holder
of the option would enjoy if he or she exercised the option, took delivery
of the underlying
asset and sold it in the
current marketplace.
If I had to be anywhere in equities, however, I'd start in the cheapest decile
of the
market on a
price - to - book basis and work my way through to those with the highest proportion
of current assets.
Since the book value
of stocks doesn't change that often (because it represents the
price the company sold it for, not the
current value on the stock
market, and would therefore only change when there were new share issues), almost all changes in total
assets or in total liabilities are reflected in Retained Earnings.
Net - net
asset value: Companies, where the sum
of the
current assets (adjusted to reflect liquidation value) exceed the sum
of all its short and long term debt obligations with at least 30 %, can be characterized as net - nets if the sum
of this calculation exceeds the
current market value / trading
price.
It is not uncommon to see informed investors, such as a company's own officers and directors or other corporations, accumulate the shares
of a company
priced in the stock
market at less than 66 %
of net
current asset value.
(GBP 25.30 p P / E Val + GBP 22.25 p P / S Val + GBP 30.10 p
Asset Val) / 3 = GBP 25.9 p Fair Value per share, for an Upside Potential
of 130 % (from
current GBP 11.25 p
market price)
Out
of the money If an option is «out
of the money» it is usually not worth exercising given the
current market price of the underlying
asset.
The fair value
of these securities has been estimated by management based on assumptions that
market participants would use in
pricing the
asset in a
current transaction, which could change significantly based on
market conditions.
And the rules couldn't be more concrete: Buy if
market price is two - thirds
of net
current asset value or less.
Even with adjustments, PTR still has large upside potential (in terms
of asset values), but it continues to suffer from the same old problems (which oil's
current pricing &
market sentiment just exacerbates).
So, for example, if there is a manufacturing company whose
current stock
price is less than the total
market value
of all its
assets including plant, machinery, land, cash in bank, etc, then it qualifies as an undervalued stock.
Under the SEC proposal, an ETF would be defined as a registered open - end management investment company that: • Issues (or redeems) creation units in exchange for the deposit (or delivery)
of basket
assets the
current value
of which is disseminated per share by a national securities exchange at regular intervals during the trading day; • Identifies itself as an ETF in any sales literature; • Issues shares that are approved for listing and trading on a securities exchange; • Discloses each business day on its publicly available web site the prior business day's net
asset value and closing
market price of the fund's shares, and the premium or discount
of the closing
market price against the net
asset value
of the fund's shares as a percentage
of net
asset value; and • Either is an index fund, or discloses each business day on its publicly available web site the identities and weighting
of the component securities and other
assets held by the fund.
The potential for immediate cost cuts, ARGO's specialized skill set & experience, and its PE / hedge fund fee structure more than justify a 3.75 %
of AUM
price tag — which is at a significant discount to other PE / hedge fund
asset managers»
current market valuations.
The best we can do is something like GMO does, and go to each
asset class and try to estimate the free cash flow yield
of each
asset class over the next full
market cycle (5 - 10 years) given the
current prices being paid.
Since the oil
asset account is denominated in CAD and not in barrels, we must separately keep an inventory
of the actual amount
of oil owned, and also
of the
current market price.
While, at the overall index level,
current corporate fundamentals remain resilient and defaults are not expected to pick up significantly, the trend in leverage, profit margins and interest coverage suggests the
pricing of spread
assets should become more discriminatory as winners and losers are separated in an aging bull
market.
It's being reported this morning that Argentina, already in the midst
of a severe economic turndown as a result
of weakening commodity
prices and international
market conditions, is seizing $ 29 billion in pension
assets, this after the country announced a few days ago that it would be devaluing its currency from its
current rate
of -LSB-...]
Considering the
current market situation, this fund could be an ideal solution for some projects
of the companies related to carbon
markets, because it would allow its
assets in carbon credits become productive in the fund until the
market reaches a better
price and decide to sell.
Market value, in the context of insurance, is the price an insured asset in its current state would be able to command in a competitive market setting from a willing
Market value, in the context
of insurance, is the
price an insured
asset in its
current state would be able to command in a competitive
market setting from a willing
market setting from a willing buyer.
The Dilweg Companies believes that the
current economic environment strongly favors the pursuit
of opportunistic and value - added
assets, which fit the following criteria: (i) growth metros in the Southeast, (ii) middle -
market transactions valued between $ 15MM - $ 100MM, (iii) distressed
assets, or fatigued owners / lenders, and (iv)
pricing significantly below replacement cost.