[karenlaing]

Have these started? How do I join the group?

[karenlaing]

I too am interested.

[karenlaing]

This was my first ever fail, 46%, I am baffled as like with all the other papers I worked really hard and was happy with what I thought was an easy exam? There was nothing came up that I was not comfortable with and my time management was good – had a look at the answers and I am now even more baffled as I too had discussed all the main points? Wish I knew where I have gone wrong as don’t know how to improve? Some people have mentioned a review – what does this entail and how do you go about it? Is it possible to get back your scripts to see where you have gone wrong? I passed mock exams with flying colours……..???!!!

[karenlaing]

I too will be studying for F4 and would be interested in a study group.
May sound silly but does anyone know how to delete yourself from a study group as I am receiving e-mails in respect of topics I have already done.

[karenlaing]

found it – please ignore request

[karenlaing]

Thanks, I had exemption from F2 – now wish I hadn’t!
I cant seem to get the OT lectures to play – keep sticking.
There does not seem to be much from tutors on here for F5 – I used this for F9 last week and they were extremely good.

[karenlaing]

Thanks – I am still working on this – thought I was finally getting it, but Q15 in BPP book – I cannot see why the ISO contribution line is 4000p + 2000s when cont is the other way around eg 20p + 40s, I had the optimal point being at P15000 – because my iso cont line was 4000s and 2000p – am I doing something wrong? so confused?

[karenlaing]

Thank you 🙂

[karenlaing]

Thank you

[karenlaing]

I thought it was much easier than past papers! Spent all last night on PPPT & IRPT and 4 way equiv model, and it didn’t come up!
Had a job finding the amount of years in Q2 for the NPV though – wasted a lot of time, must have read the question 6 times…………
Now for F5, boo hoo

[karenlaing]

What is your view on the risk free rate of return? Is this not based on goverment %’s that will never happen in reality?
Rm = Return required by the market – so we have a return required by the market x the risk factor (Beta). I am not really getting the Rf, we subtract from the Rm to get the Premium but add it on again – what is the reason for that?

[karenlaing]

Thank you that has put my reading into some sense – the more I read of M&M the more confused I get with some of their theories, such as dividend policy and the effect on share price? Are all M&M theories based in an ideal world with ideal markets?

[karenlaing]

I cannot see attachment anywhere? first time I have used this service, so I could be missing the obvious somewhere?

[karenlaing]

Thanks Kevin – where do I find attachment?

[karenlaing]

Is earnings based PER method – how do we incorp DCF?

[karenlaing]

Thanks – what is the diff between n realisable value and n replacement cost

[karenlaing]

Thanks I see what I did wrong – I deducted tax from interest when there was no mention of tax!

[karenlaing]

I can see where the profit came from now – but what about shareholders wealth ?

[karenlaing]

ignore this one, I am getting tired

[karenlaing]

Sorry, I should re-phrase question, I realise how to calc the valuation methods, but how do you decide suitable price to suggest?

[karenlaing]

The tutor referred to it tonight on the chat

[karenlaing]

Please e-mail me at karen.laing@pi-ltd.com
Thank you

[karenlaing]

No need for response to this one – I have worked it out – just going into panic mode a bit and forgetting some stuff.
Has anyone had a chance to look at my query on parity theory?

[karenlaing]

Do you know the question numbers? or is it a mock exam?

[karenlaing]

Kevin – I have just done June 2010 exam and calculated the dividend yield as D0/P0 as you advised.
However, the answer shows D0/Share price at beg of year.
I am getting more confused with how to interpret when it asks for the div yield to be current share price and when not?
Can you help?

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