UNRAVELLING FUZZY FINANCIAL REPORTING

To the attention of The Unsuspecting Investor

The private small investor has to be able to discern in which companies he or she should invest. The purpose of this support service is to unravel what goes on behind the closed doors of Board Rooms so that he or she is playing on a level playing field.

‘Unravelling Fuzzy Financial Reporting’  is an education program  aimed at focussing the attention of  The Unsuspecting Investor on the following topics:

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Topic I : Why surprises happen

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We start by analysing the reasons why people are surprised when suddenly there is a profit warning issued by a company and the consequent effect on the share price.

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Topic II : The accounting jargon

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Annual reports are full of accounting jargon which is used to confuse the uninitiated.  The use of accounting terms to blind one to the realities of the business is explored in this part of the training.

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Topic III : The Annual Report

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The Annual Report was intended to inform shareholders and investors  of the performance of a company or Group and of future development of the business. Our findings are far from ideal.

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Topic IV : The techniques to blind the unwary investor

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In order to boost profits various techniques are used which are not always in accordance with the accounting standard being used. We highlight these techniques for The  Unsuspecting Investor.

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Topic V : If in doubt do not invest

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We indicate to the Unsuspecting Investor the key indicators to look out for before purchasing a share and the valuation principles used.

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Topic VI : Case Studies

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We have prepared a number of case studies in respect of the major quoted companies in Europe which demonstrate performance, valuation and capitalisation and the economic reality in each case.