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bsara wrote:I got negative cash flow for first two and then positive…with regards to market share they said it will double so 1%, 2%, 4 and 8%…not sure if correct though…I left 14 marks for section B calculation…could not do so much in 3.15 mins.
Yep that’s what I did too, feel a lot better about it now that more people had the same understanding. My section-B was horrible. In one question we had to prove that the cost of capital was 11% using PE and cashflow method and another was the swaps and collars one. I’ve seen nothing like it. Could only fully attempt the written part in these two.
drizzley wrote:I did include the disposal. But still got negative flows in all years. Just that contribution from revenue was so small and additional fixed costs were quite large.
Maybe I misinterpreted the part about them having 1% of market share. And the revenues (3,765m – or similar) were about the whole market…No, I don’t think you misinterpreted it, that’s what I got from it as well and I ended up getting a negative answer too, I was pretty confident of my method but since I got a negative APV too I was cast into doubt.
If I recall correctly, the cashflows for the first 2 or 3 years were negative but that was enough to make my base case NPV and APV negative as well.
Yes same here! Didn’t the question state that it had to be inflated. I initially wrote it as 180 but upon reading that part again ended up inflating it for all the years. Was I right in doing so? I wonder where the 5 months are coming from.
God knows what was the examiner upto did he intentionaly want kids to fail or what half of the paper was something I never ever read about in any of the published and ACCA approved books . And if the amendment was done one night before would they still include it in the paper I never knew that net interest had to be calculated so big I never knew crypto currency was included I guess paper was set with the intension to kill the students and plz do update your books according to the standards and current issues …