Share Trading Assignment Essay Example | Topics and Well Written Essays - 2000 words

Share Trading Assignment - Essay Example Trading Activities Buying of Shares with the notional ?100,000 888 Holdings PLC (888.L) ?31.25 as at September 30, 2011 11:07 Prev Close: 32.75 Open: 32.25 Bid: 35.50 Ask: 36.00 1y Target Est: 1.05 Beta: N/A Next Earnings Date: N/A Purchase cost ?54,000.00 1,500 shares times the ask price of ?36.00 per share. Stamp Duty ?270.00 ?32,750 times 0.005 (Note: 0.005 = 0.5%) Brokers commission ?10.00 It is ?10.00 whatever the size of the trade. Total ?54,280.00 Shares of 888 Holdings Plc seemed to be very lucrative hence the desire to buy them. What’s more, there has been an increasing trend in the value of shares of 888 Holdings Plc, which made it even more lucrative. Vodafone Group PLC (VOD.L) ?166.25 as at September 30, 2011 Prev Close: 166.25 Open: 167.15 Bid: 168.30 Ask: 168.35 1y Target Est: 199.14 Beta: N/A Next Earnings Date: N/A Purchase cost ?45,454.50 270 shares times the ask price of ?168.35 per share. Stamp Duty ?227.27 ?13,300 times 0.005 (Note: 0.005 = 0.5%) Brokers co mmission ?10.00 It is ?10.00 whatever the size of the trade. Total ?45,691.77 Despite recent drop in the value of shares, Vodafone Plc shares seemed attractive to invest in given the status of the company. The company has grown considerable thus proving that there is possibility of future prospects. What’s more, there were indications that the firm’s share is very attractive in the market hence trading on the shares may be very easy. The total amount invested in the two firms is given by 1,500 shares of 888 Holdings Plc ?54,280.00 270 shares of Vodafone Plc ?45,691.77 Total ?99,971.77 Selling of Shares 888 Holdings PLC (888.L) ?72.00 3.25(4.73%) 11:07 (April 16, 2012) Prev Close: 68.75 Open: 68.25 Bid: 71.50 Ask: 72.00 1y Target Est: 1.05 Beta: N/A Next Earnings Date: N/A Selling Revenue ?107,250.00 1500 shares times the ask price of ?71.50 per share. Brokers commission ?10.00 It is ?10.00 whatever the size of the trade. Total ?107,240.00 Vodafone Group PLC (VOD.L) 71. 54 2.09(1.23%) 11:12AM (April 16, 2012) Prev Close: 169.45 Open: 169.35 Bid: 171.50 Ask: 171.55 1y Target Est: 199.14 Beta: N/A Next Earnings Date: N/A Purchase cost ?46,305.00 270 shares times the ask price of ?171.50 per share. Brokers commission ?10.00 It is ?10.00 whatever the size of the trade. Total ?46,295.00 Total Revenue obtained from selling the shares 1,500 shares of 888 Holdings Plc ?107,240.00 270 shares of Vodafone Plc ?46,295.00 Total ?153,535.00 Percentage Profit from the Trading * 100 = 53.53% FTSE All-Share index is 5,300 on September 31, 2011 and 5,678 on April 16, 2012 at 1400 hours. = 7.13% Therefore, on the basis of the above calculations on Percentage profit and FTSE All-share index, there is no doubt that the trading was able to beat the FTSE All-share index. Critical diary Trading within the stock exchange market is a tricky and challenging aspect of commerce. Every individual involved in investment or trading within the stock exchange market has to be equip ped with adequate and up to date information on the performance of the various stocks or shares within the stock exchange market. One way of attaining such adequate and up to date information is extensive reading and listening to business news. Consequently, before engaging in this trade, I read many articles, journals, listened to and watched much business news. From the articles, journal

Trust & equity law Essay Example | Topics and Well Written Essays - 1500 words

Trust & equity law - Essay Example According to the court in this case â€Å"Charity in its legal sense comprises four principal divisions: trusts for the relief of poverty, trust for the advancement of education, trusts for the advancement of religion, and trusts for other purposes beneficial to the community, not falling under any of the preceding heads."4 Later on, these four principal divisions mentioned in the case together with some other provisions were incorporated in the Charities Act of 1992 and 1993. However, the definition given under the law was not clear enough so as to clearly elucidate on the issue of which organizations should be considered as charities. The case of McGovern v Attorney General (1982)5 illustrated the difficulties of obtaining charitable status. Note that in this case, the Amnesty International seek establish a charitable trust which is geared towards securing the release of prisoners, abolish the practices of torture and other dehumanizing acts as well as to do some research in the a reas of human rights protection and maintenance.6 Unfortunately, in this case, the charitable trust was not recognized by law as valid not because the goal was not a noble one but rather because the goals set by Amnesty International was not entirely charitable as it also includes some political motives such as the changing of policies in some countries which are in violation of human rights. On the other hand, in the earlier decision on the case of Re South Place Ethical Society (1980)7, the Court considered the charitable trust as valid not on the ground that the South Place Ethical Society â€Å"seeks the advancement of religion†8 but because it can be classified as an educational institution. This decision gives us an idea on how one could go around the provisions of the Charities Act 1993 and take advantage of the benefits accorded to charities. The enactment of the Charities Act 2006 heralded