INVESTMENT SECURITIES

FIN3SEV

2018

Credit points: 15

Subject outline

This subject will provide you with hands-on experience in undertaking and communicating investment research. Working in teams, you will produce "sell-side" investment research on stocks listed on the ASX. Your team will compete to convince an audience of the merit of your investment advice as set out in a 10-page report on your research, valuation and recommendations; a 10-minute summary of their recommendations; followed by a further 10 minutes of Q & A with the panel.

SchoolLa Trobe Business School

Credit points15

Subject Co-ordinatorGreg Jamieson

Available to Study Abroad StudentsYes

Subject year levelYear Level 3 - UG

Exchange StudentsYes

Subject particulars

Subject rules

Prerequisites FIN1FOF OR BUS1AFB

Co-requisitesN/A

Incompatible subjectsN/A

Equivalent subjectsN/A

Special conditionsN/A

Readings

Resource TypeTitleResource RequirementAuthor and YearPublisher
ReadingsValuationPrescribedKoller T, Goedhart, M, Wessels D, Benrud E. (5th edition)John Wiley & Sons

Graduate capabilities & intended learning outcomes

01. Analyse and resolve ethical dilemmas associated with investment research and the provision of investment advice

Activities:
Class discussion and debate around ethical question raised in the researching and valuing of the company.
Related graduate capabilities and elements:
Ethical Awareness

02. Engage in a number of roles, facilitate discussion, collaborate and effectively resolve conflicts, within an investment research team

Activities:
Seminars and class discussion about the characteristics of effective teams.
Related graduate capabilities and elements:
Teamwork

03. Locate, manipulate, evaluate and interpret economic, industry, financial and other data as required to estimate the intrinsic value of a listed stock.

Activities:
Seminars.
Related graduate capabilities and elements:
Inquiry/ Research

04. Define an original, logical, analytical argument as to the intrinsic value of the stock, by applying theoretical concepts to the data and by stress testing the argument through sensitivity and scenario analysis.

Activities:
Seminars.
Related graduate capabilities and elements:
Critical Thinking

05. Define a logical and coherent investment strategy, based on an appraisal of the range of valuations and risks associated with the stock, in the context of current market conditions.

Activities:
Seminars.
Related graduate capabilities and elements:
Critical Thinking

06. Write a clear, concise and well-structured report, presenting the argument as to the intrinsic value of the stock and the investment advice relevant to that stock.

Activities:
Writing an investment valuation report
Related graduate capabilities and elements:
Writing

07. Deliver an engaging, persuasive, oral presentation of your investment advice in relation to the stock to a panel of investment professionals.

Activities:
Presenting investment advice
Related graduate capabilities and elements:
Speaking

08. Evaluate and respond to impromptu questions and counter arguments in respect of the intrinsic value of the stock and investment advice from a panel of investment professionals.

Activities:
Answering questions posed by a panel of professionals in relation to the investment advice
Related graduate capabilities and elements:
Speaking

Subject options

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Start date between: and    Key dates

Melbourne, 2018, Semester 1, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorGreg Jamieson

Class requirements

Problem Based Learning Week: 11 - 22
Eleven 1.0 hours problem based learning per study period on weekdays during the day from week 11 to week 22 and delivered via face-to-face.

Lecture/Seminar Week: 10 - 22
Twelve 2.0 hours lecture/seminar per study period on weekdays during the day from week 10 to week 22 and delivered via face-to-face.

Assessments

Assessment elementComments% ILO*
10 On-line 10-question MCQs20 01, 03, 04, 05
One 10-minute investment presentation and 10-minute Q&AGroup of 4 Graded as an individual assessment 20 07, 08
One 10-page investment valuation report (2,500 words)Group of 4 Includes an individual peer evaluated weighting of contribution to team 10%30 02, 03, 04, 05, 06
One 90-minute final examination30 01, 03