Portfolio Management and Corporate Finance Principles

OBJECTIVES

The Portfolio Management and Corporate Finance Principles training course aims to enable participants to achieve the following objectives: 

• Acquire detailed knowledge of available financial instruments
• Comprehend the distinctions between active and passive portfolio management
• Understand the issues in raising long term and short term finance
• Apply sophisticated investment appraisal techniques
• Reconcile the remuneration needs of all stakeholders

WHO SHOULD ATTEND?

• Senior executives who want to fully and knowledgeably participate in financial decisions. The hands on, and real world approach will resonate with senior management and will provide immediate opportunities for application in the work place
• Junior executives needing to expand their skill to help them progress up the career ladder

OUTLINE

Debt Securities and Equity Securities

• Understand different types of debt and equity securities
• Compare risk and return of equity and debt instruments
• Bond pricing and equity valuation
• Passive portfolio management
• Active portfolio management

Derivatives and Alternative Investments

• Characteristics and features of derivatives contracts
• Hedging risk using futures and option contracts
• Achieving leverage using derivative contracts
• Pricing of derivative contracts
• Advantages and limitations of alternative investments

Short and Long Term Financing

• Financing companies for growth
• The capital structure decision, theories and evidence
• The IPO process
• The pros and cons of achieving a stock market listing
• The advantages and disadvantages of debt

Investment Appraisal and Company Valuation

• The weighted average cost of capital
• NPV, IRR, payback and modified payback
• Evidence from CFO’s on preferred techniques
• Real options
• Free cash flow approach

Dissipation of Residual Earnings

• The remuneration decision
• The role of share options
• The dividend decision
• Dividend policy in action
• Mergers and acquisitions