BEFORE YOU READ THE ABSTRACT OR CHAPTER ONE OF THE PROJECT TOPIC BELOW, PLEASE READ THE INFORMATION BELOW.THANK YOU!
INFORMATION:
YOU CAN GET THE COMPLETE PROJECT OF THE TOPIC BELOW. THE FULL PROJECT COSTS N5,000 ONLY. THE FULL INFORMATION ON HOW TO PAY AND GET THE COMPLETE PROJECT IS AT THE BOTTOM OF THIS PAGE. OR YOU CAN CALL: 08068231953, 08168759420
WHATSAPP US ON 08137701720
SECURITIES VALUATION IN THE PRIMARY MARKET IN NIGERIA: (A CASE STUDY OF UNION MERCHANT BANK LIMITED) (AN INVESTMENT-BANKING SUBSIDIARY OF UNION BANK OF NIGERIA PLC.)
ABSTRACT
The capital market is a market for mobilizing long-term funds thus, playing a very vital role in the process of economic development through the mobilization of funds and its provision for productive investment. Valuation of securities in the capital market, i.e. primary market and the methods adopted by Issuing Houses for securities valuation are fully discussed in this study. The methods are net asset basis, maintainable earnings basis, earnings approach, P/E valuation and Peer Company’s price. Furthermore, the results of all the methods were compared with current market price to determine a more realistic approach. The net asset basis was found more effective in securities valuation. This research study employed the primary and secondary media of data collection. The primary data were personal interviews and observations, while the secondary data used were the pricing memorandum, annual reports and accounts of selected companies, the daily official list of the Nigeria Stock Exchange. Also it was discovered that existing literature on valuation of securities have propounded many models which tend to be too theoretical and difficult for a perfect market operation. The net asset basis has been applauded as a more realistic valuation method than the maintainable earnings approach as it takes into consideration the effect of inflation on the economy through its revaluation process and methods.
TABLE OF CONTENT
Title page- – – – – – – – – i
Approval page – – – – – – – -ii
Dedication – – – – – – – – -iii
Acknowledgement – – – – – – – -iv
Abstract – – – – – – – – – -v
Table of content – – – – – – – -vi
CHAPTER ONE
INTRODUCTION – – – – – – – -1
1.0 Background of the study – – – – -1
1.1 Statement of the problem – – – – -5
1.2 Purpose of the study – – – – – -6
1.3 Significance of the study – – – – -8
1.4 Research questions – – – – – -9
1.5 Scope of the study – – – – – – -10
CHAPTER TWO
LITERATURE REVIEW – – – – – – -11
CHAPTER THREE
Research methodology – – – – – – -39
Design of study – – – – – – – -40
CHAPTER FOUR
Presentation, analysis and interpretation of data – -48
CHAPTER FIVE
Summary of findings – – – – – – -60
Conclusion – – – – – – – – -61
Recommendations – – – – – – – -62
Suggestions for further research – – – – -64
References – – – – – – – – -65
Appendix I – – – – — – – – -68
Questionnaire. – – – – – – – -69
HOW TO RECEIVE PROJECT MATERIAL(S)
After paying the appropriate amount (#5,000) into our bank Account below, send the following information to
08068231953 or 08168759420
(1) Your project topics
(2) Email Address
(3) Payment Name
(4) Teller Number
We will send your material(s) after we receive bank alert
BANK ACCOUNTS
Account Name: AMUTAH DANIEL CHUKWUDI
Account Number: 0046579864
Bank: GTBank.
OR
Account Name: AMUTAH DANIEL CHUKWUDI
Account Number: 3139283609
Bank: FIRST BANK
FOR MORE INFORMATION, CALL:
08068231953 or 08168759420