HND金融专业GU3报告第一篇-第一部分(Planning).doc

Planning Companies selected for project I chose Land Securities Real Estate Investment Trust (LAND.L), Liberty International Real Estate Investment Trust (LII.L), British American Tobacco (BATS.L) and Shire Pharmaceuticals Group Plc (SHP.L) as my shares portfolio. Both LAND.L and LII.L are in Real Estate Investment Trust diversified sector. BATS.L is the first range harvester, producer and distributor of tobacco in the world. While, SHP.L is the leading specialty biopharmaceutical company that focuses on meeting the needs of the specialist physician. 1.2 Justification for choices I chose LAND.L as one of my investment company, because it is indeed one of the biggest owners in cities, which has a huge amount of real estate all over the UK. Its famous and welcome retail brand is the biggest invisible capital. In addition, it has now generated compound annual growth of 14.6% since 2004. General speaking, only keeping an appropriate risk management and reducing unnecessary cost on administration and distribution, can company keep higher turnover increase. Consequently, I believe along with the changes and evolution, the three businesses of Land Securities-Retail, London, and Trillium, will be in good shape and it will provide the platform for future revenue and earnings growth. On the other hand, from his financial report, Land securities have low potential risks of its debt-load. They maintain an appropriate debt to equity ratio (42%) to ensure that asset level performance is translated into returns for shareholders. As far as my opinion, I have much confidence to make sure that the company will have bright future in his business. Table-1 Financial review about LAND.L Debt to equity ratio = Total Liability / Shareholders Equity Total Liabilities (Year 2008) ￡4053.5 million Total Shareholders Equity (Year 2008) ￡9582.9 million For SHP.L, it has high-potential to develop. Shire has enough financial support and specialist physician to manufacture new medicine product por