Financial Modelling Essay Example

Bank of Queensland

Bank of Queensland (BOQ) is a retail bank in Queensland, Australia. The bank is one of the most established money related establishments in Queensland, with a system of very nearly 270 extensions, incorporating 152 in Queensland, 52 in New South Wales, 23 in Victoria and 34 in Western Australia. Emulating the Home Bu In 1874 the Brisbane Permanent Benefit Building and Investment Society was secured as the first changeless building public opinion structured in Queensland. The Society consolidated in 1887. The organization amalgamated with City and Suburban Building Society in 1921. The organization amalgamated with Queensland Deposit Bank 10 years after the fact.

The organization gained a permit to work as an exchanging bank in 1942. Until this point, what turned into the Bank of Queensland was a reserve funds bank cum building pop culture, not an ‘exchanging bank’. The organization transformed its name to Bank of Queensland (BOQ) and electronic its operations in 1970. 1971 saw the bank turn into a traded on an open market organization recorded on the Australian Stock Exchange.

The bank joined Bank of Queensland Savings Bank as a wholly possessed subsidiary in 1982. In 1991 BOQ gained Stowe Electronic Switching Pty Ltd and renamed it Queensland Electronic Switching Pty Ltd. In 1999, Bank of Hawaii purchased 5.8 m shares (approx. 10%) in Bank of Queensland. Two years after the fact Bank of Hawaii sold its 6.2 m shares and 5.4 m convertible notes in Bank of Queensland to refocus on its operations in Hawaii. BOQ procured the supplies financing business of UFJ Bank in Australia and New Zealand in 2003. The bank likewise gained ATM Solutions.

In 2004, BOQ opened extensions in New South Wales, Victoria, and the Australian Capital Territory. The accompanying year BOQ gained the $78 million indebted person money division of ORIX Australia. In 2006 the bank obtained Queensland-based Pioneer Permanent Building Society and opened limbs in the Northern Territory and Western Australia. Bank of Queensland combined with Western Australia-based Home Building Society, the Mackay Permanent Building Society and the Queensland-based Pioneer Permanent Building Society in 2007.

In 2010, BOQ acquired St Andrew’s Insurance. St Andrew’s is an Australian producer of shopper credit protection items. It additionally procured the Australian and New Zealand divisions of CIT Group Inc, a supplier of merchant money to little organizations and center business sector organizations. In 2011, the bank accomplished a benefit droop because of giving misfortunes from the 2010–2011 Queensland surges.

Inclusion with Storm Financial

In 2010, it was observed that one of the Townsville extensions of the Bank of Queensland was offering advances to customers of the given way Storm Financial. Australian Securities and Investments Commission embraced payment suits in the interest of Storm Financial customers against the BOQ. It now has more than 650,000 client.


Billabong International Limited (BBG) is included in the advertising, appropriation, wholesaling and retailing of clothing, embellishments, eyewear, wetsuits and hardgoods in the boardsports area. BBG’s

items are authorized and disseminated in more than 100 nations and are accessible in roughly 11,000 stores around the world.

Brands: BBG’s works under the accompanying brands: Billabong, Element, Von Zipper, Honolua Surf Company, Kustom, Palmers Surf, Xcel, Tigerlily, Sector 9 and RVCA brands. The brands are advertised and advertised globally through companionship with prominent expert players, lesser competitors and occasions.

Operation: BBG embodies both wholesale and retail operations. The retail business includes a mixof multi marked stores offering item from a considerable lot of the boardsport part’s heading brands, alongside single marked stores working under standards, outlet stores to backing the liquidation toward oneself of end-of-season stock and different shop-in-shop ideas in ranges where there is an immature forte store appropriation channel. As of June 2013 BBG claims what added up to 562 retail stores.

Market statistics

Market Cap ($M): 475

Equiv. Shares (M): 990

% All Ords: 0.03

12Mth Range ($): 0.10 — 0.67

Turnover ($M pa): 538

Index: S&P/ASX 300

Sector: Consumer Discretionary

Industry Group: Consumer Durables & Apparel

Industry: Textiles, Apparel & Luxury Goods

Sub Industry: Apparel, Accessories & Luxury Goods

List of executives

Name Position

Mr. Neil Fiske Chief Executive Officer, Managing Director

Mr. Ian Alfred Pollard Non-Executive Chairman

Mr. Gordon Stanley Merchant Non-Executive Director

Mr. Howard Mowlem Non-Executive Director

Mr. Jason Scott Mozingo Non-Executive Director

Mr. Matthew Wilson Non-Executive Director

Ms. Sally Anne Majella Pitkin Non-Executive Director


Name Position

Peter Myers Chief Financial Officer

Maria A Manning Company Secretary

Shannan North General Manager, Billabong Group Asia Pacific

Franco Fogliato General Manager, Billabong Group Europe

Colin Haggerty Group Executive — Global Retail

Substantial Shareholders

Name % Holding

Gordon Merchant 14.7

National Nominees Limited 8.8

JP Morgan Nominees Australia Limited 8.3

Citicorp Nominees Pty Limited 7.5

J P Morgan Nominees Australia Limited 6.4


The Australian Securities Exchange (ASX) is Australia’s essential securities trade. It was made by the merger of the Australian Stock Exchange and the Sydney Futures Exchange in July 2006. Today, ASX has a normal day by day turnover of $4.685 billion and a business sector capitalisation of around A$1.4 trillion, making it one of the world’s main 10 recorded trade bunches, similar to the New York Stock Exchange, London Stock Exchange and Deutsche Boerse.

ASX Limited works as a multi-stake class and vertically-coordinated trade in Australia. The organization offers essential and optional business sector administrations, for example, capital framing, capital portion, and supporting, and also exchanging and value revelation administrations. It works ASX and ASX 24 exchanging stages to encourage the purchasing and offering of trade exchanged securities. The organization additionally gives focal counterparty clearing administrations to the optional markets of ASX and ASX 24; securities settlement for both the values and altered pay markets; hazard administration administrations to monetary business sector members and speculators; and settlement, storehouse and registry administrations for obligation securities and money transactions. Moreover, it offers data administrations, for example, procurement of continuous business sector information for the money and subsidiary markets; and organization news, record, and other reference information. Further, the organization gives specialized administrations, including liquidity access to ASX stages; group and integration; requisition administrations; and facilitating administrations. ASX Limited serves the backers of different recorded securities and fiscal items involving organizations and trusts, venture and exchanging banks, store supervisors, speculative stock investments, product exchanging consultants, agents and

exclusive brokers, market information sellers, and retail speculators. ASX Limited is situated in Sydney, Australia

Opening times

ASX has a premarket session from 7:00am to 10:00am AEST and an ordinary exchanging session from 10:00am to 4:00pm AEST. The business opens in order in single-value barters, staged over the initial ten minutes, with a little irregular time inherent to counteract accurate expectation of the first exchanges. There is additionally a solitary value closeout between 4:10pm and 4:12pm to set the every day shutting costs.


Financial gurus hold experience one of two structures. Both work as uncertificated property (as opposed to through the issue of physical offer endorsements):

Issuer-supported. The organization’s offer register oversees the speculator’s holding and issues the financial guru with a security-holder reference number (SRN) which may be cited when offering.

Clearing House Electronic Sub-register System (CHESS). The financial guru’s controlling member (ordinarily a merchant) supports the customer into CHESS. The financial guru is given a holder recognizable proof number (HIN) and month to month articulations are sent to the speculator from the CHESS framework when there is a development in their holding that month. Property may be moved from guarantor supported to CHESS or between diverse intermediaries by electronic message launched by the controlling member.

Short offering

Short offering of shares is allowed on the ASX, yet just among assigned stocks and with specific conditions:

ASX Trading Participants (agents) must report all every day terrible short deals to ASX. The report will total the horrible short deals as reported by each one Trading member at an individual stock level.

ASX distributes total horrible short deals to ASX members and the overall population.

Numerous agents don’t offer short offering to little private moguls. Lepos can serve as a proportional, while contracts for contrast (Cfcs) offered by outsider suppliers are an alternate option.

In September 2008, ASIC suspended about all types of short offering because of worries about business soundness in the progressing worldwide fiscal emergency. The boycott on secured short offering was lifted in May 2009.

Further to this — the greatest change in this space for ASX in the most recent 15 years was the presentation of Settlement Rule 10.11.12. On the off chance that you can’t give stocks when settlement is expected, ASX strengths the clearer to go into the business sector and spread themselves.