Want to learn basics of Fundamental Analysis

[whirly]

A couple of small offerings that may be of interest -

http://www.topyields.nl/Top-dividend...s-of-NZX50.php

http://www.valuecruncher.com/ I'd be particularly interested in fundies views on the worth and validity of this site.

Cheers Whirly

[percy]

A couple of small offerings that may be of interest -

http://www.topyields.nl/Top-dividend...s-of-NZX50.php

http://www.valuecruncher.com/ I'd be particularly interested in fundies views on the worth and validity of this site.

Cheers Whirly

Whirly,I agee with them AIA is a buy.RYMAN is not a sell.I disagree with them with the following shares I hold; CEN,EBO.FBU,NPX<POT, SKT,SKC$16.59 ? NZS.
I would not use the site again.Your picks in competition look better thought out.
Have just visited topyields,Found it interesting.

[Lizard]

Okay, found what you want wbosher (I think). The IRG database is a great source of NZ stock data, both free and subscriber:
http://www.irg.co.nz/irgpages/pricerat.php

I found I could copy and paste the table into Excel Spreadsheet and sort from there. Hope that helps!

(Have a look around the site - there is quite a bit of info there.)

[percy]

Okay, found what you want wbosher (I think). The IRG database is a great source of NZ stock data, both free and subscriber:
http://www.irg.co.nz/irgpages/pricerat.php

I found I could copy and paste the table into Excel Spreadsheet and sort from there. Hope that helps!

(Have a look around the site - there is quite a bit of info there.)

Lizard,you have done it again!!!!! great site.

[wbosher]

Okay, found what you want wbosher (I think). The IRG database is a great source of NZ stock data, both free and subscriber:
http://www.irg.co.nz/irgpages/pricerat.php

I found I could copy and paste the table into Excel Spreadsheet and sort from there. Hope that helps!

(Have a look around the site - there is quite a bit of info there.)

Wow, that's excellent!! I'll have a look around. Thanks Lizard.

I have found some differences between what this site says, and what is on the DB site in regard to Div Yield. Is GR Div Yield different to Div Yield?

[Lizard]

I have found some differences between what this site says, and what is on the DB site in regard to Div Yield. Is GR Div Yield different to Div Yield?

It looks as though IRG is including imputation credits and DB are not.

[Aaron]

This is the technical answer from my Fundamentals of investment text
Intrinsic value depends on several factors :
1 Estimates of the shares future cash flows (dividends over the holding period) and the estimated price of the share at the time of sale
2 The discount rate used to translate these future cash flows into a present value
3 The amount of risk embedded in achieving the forecasted level of performance
The discounted valuation model used depends on the rate of growth
(a) where there is zero growth
Value of a share = annual div's/ required rate of return
(b) with constant growth says
Value of a share = next years dividends/(required rate of return - constant rate of growth in div's)
V = D1/(k-g)
I could go on but I've probably lost you by now

Do many people use this dividend discount model?

For example NZ Listed property Trusts and Companies.
What range might you use as "k" in this low interest rate environment?
What about "g"? Hard to see any growth in the short term (1 or even 2 years) for property companies.

For eample GMT forecasts 6.25cents per unit distribution(after tax) for 2012. Bank term deposits (3yrs) are roughly 5.3%(before tax). Assuming 2% growth your capitalization rate would have to be about 8% to justify GMT's current 99cent price. With no growth "k" must be about 6%.

How do people establish their own capitalisation rates and growth rates?

I know the daily prices but how do most people establish value?

I appreciate the figures are arbitrary and noone can see the future but does this formula provide a starting value for anyone.

[peat]

I havent seen it used much in published research that I've accessed...

[PlatnuM195]

Just read 'The Intelligent Investor' and it was a great read

[HIDDENGEM]

I am new to this web site. I read this thread and leant lot. Well informative excellent discussion andvery useful for new comers to the markets in both New Zealand and Australia. . Ihave one question to raise here.

How do we find out ROE ratio for companies listed inNew Zealand and Australia? If anyone can help me out, that would be very much appreciated