step 3-5, 7-8

Information about my company

Mears is a UK company. They use British pounds are their currency. Their financial year ends 31st of December each year. There share price currently trades at 188.50 pounds at 6:48 27/07/2021. They are a housing and care provider in both the public and private sectors. They help their clients develop, fund and implement their placemaking ambitions. Placemaking is defined as the process of creating quality places that people want to live, work, play, and learn in. Their services include; housing management, housing maintenance, capital works, house building, facility management, etc. The company was first created in 1988. In 1996, Mears went public, with Bob Holt as chairman.

Talking with other students about my company

I talked with Dayanara in the Brisbane tut on 29th July. Her firm is ICandy, which a gaming company. They are an Australian firm with many locations in Asia as well. I told her about my company and some things I have learnt about them. We also discussed how we were going with our blogs (we have followed each other) and with our Excel spread sheets.

I spoke with Sarmad in a zoom breakout room about his company Centrica which is a UK company. He told me the company was started around 1800 and sold gold and gas. They helped the UK government in WW1 and WW2 by supplying gas to the soldiers. He told me their share price was high until recently the shareholder and stakeholder protested which forced the share price down last year. He is not sure whether this will be a good or bad thing for his valuation.

KCQ’s about company and its financial statements

The first issue that came up in my mind when I saw my company was that they used British Pounds as their currency. I believe it is harder to relate to a firm’s financial statements when their currency is foreign to me. The whole report is almost 200 pages, it was hard to know what to read and what to skip.

First thing I noticed when reading through their annual report for 2020 was they say they have a lot of long contracts with the government for housing services. A note of thought, completely unrelated to the subject of financial statement analysis, why is a firm such as Mears, with so much focus on public housing including the housing of asylum seekers, not a non-profit organisation?

I can see in the revenue for 2020 compared to the previous year (along with the chairman statement about it) that the COVID 19 pandemic had an effect on the firm’s profits.

What is right of use asset?

No dividend was paid in 2020. I wonder how this will affect my valuation in my assignment.

What does H1 and H2 mean? Half year?

Information about my company

Mears is a UK company. They use British pounds are their currency. Their financial year ends 31st of December each year. There share price currently trades at 188.50 pounds at 6:48 27/07/2021. They are a housing and care provider in both the public and private sectors. They help their clients develop, fund and implement their placemaking ambitions. Placemaking is defined as the process of creating quality places that people want to live, work, play, and learn in. Their services include; housing management, housing maintenance, capital works, house building, facility management, etc. The company was first created in 1988. In 1996, Mears went public, with Bob Holt as chairman.

Talking with other students about my company

I talked with Dayanara in the Brisbane tut on 29th July. Her firm is ICandy, which a gaming company. They are an Australian firm with many locations in Asia as well. I told her about my company and some things I have learnt about them. We also discussed how we were going with our blogs (we have followed each other) and with our Excel spread sheets.

I spoke with Sarmad in a zoom breakout room about his company Centrica which is a UK company. He told me the company was started around 1800 and sold gold and gas. They helped the UK government in WW1 and WW2 by supplying gas to the soldiers. He told me their share price was high until recently the shareholder and stakeholder protested which forced the share price down last year. He is not sure whether this will be a good or bad thing for his valuation.

KCQ’s about company and its financial statements

The first issue that came up in my mind when I saw my company was that they used British Pounds as their currency. I believe it is harder to relate to a firm’s financial statements when their currency is foreign to me. The whole report is almost 200 pages, it was hard to know what to read and what to skip.

First thing I noticed when reading through their annual report for 2020 was they say they have a lot of long contracts with the government for housing services. A note of thought, completely unrelated to the subject of financial statement analysis, why is a firm such as Mears, with so much focus on public housing including the housing of asylum seekers, not a non-profit organisation?

I can see in the revenue for 2020 compared to the previous year (along with the chairman statement about it) that the COVID 19 pandemic had an effect on the firm’s profits.

What is right of use asset?

No dividend was paid in 2020. I wonder how this will affect my valuation in my assignment.

What does H1 and H2 mean? Half year?

Published by

jessicasaccounting

Hello, my name is Jess and I'm studying a bachelor of business and a bachelor of accounting. I'm from Airlie Beach in North Queensland and moved to Brisbane in February to study at University.

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