Corporate financial management Essay Example | Topics and Well Written Essays - 2000 words

Corporate financial management - Essay Example n.d.). Lloyds has strengths as well as products, which are from both the companies that include Lloyds TSB’s approach towards risk and HBOS’s leading bancassurance businesses. The company’s multiple brands provide service to the customers regarding pricing as well as positioning in order to cover and attract more of the market. The two main brands of the company in England are Lloyds TSB as well as Halifax while in Scotland the company’s main brand is Bank of Scotland. The company tries to keep its cost down and improve its services to customers as the company can deliver effectiveness through shared services (Lloyds Banking Group, n.d.). Investigation on Rights Issue of Lloyds Banking Group There are several means of raising capital in an organisation. One such means applied by Lloyds Banking Group has been right issue. The company sold its new shares at discount. It was found that the existing shareholders of the company were offered new shares in ratio to their holdings. The left out shares that were not sold were bought by other investors as well as investment banks underwriting the process that has promised to swab up the unwanted shares in order to ensure that Lloyds gets its money. The reason behind Lloyds raising the fund has been that the bank wanted to evade from being involved in the Government’s toxic Assets Protection Scheme (APS). The bank had 43pc owned by their taxpayers. Originally, in order to insure ?260 billion in loans from the scheme, Lloyds Was expected to pay ?15.6 billion and thus increasing the taxpayer stake to 62pc. Royal Bank of Scotland that took part in the APS ended up being 84pc which were owned by the Government after putting its risky loans for insurance. However, Lloyds has to pay the Government a fee of ?2.5 billion in response for the protection that was by now offered by the taxpayers since the declaration of the scheme in 2009 (Telegraph, 2009) ‘The offer on the table for the share holders’ was that Lloyds, for every current share owned offered 1.34 new shares at a deep discount of around 37p each. The most important consideration has been the cost associated to the average shareholders. The typical investors who owned 740 shares were provided the opportunity to retain their stake in the company by buying around 991 new shares at a price of ?366.67 (Telegraph, 2009). It can be analysed that the fees that Lloyds had to pay was huge. The company planned to spend ?500m on all its cost out of the ?13.5billion raised by them (Daily Mail Reporter, 2009). It was further proposed that if the shareholders of Lloyds don’t do not take any measure at all then Lloyds is going to sell the shareholders allocation of shares on its behalf and send them the profit by cheque (MoneyHighStreet Staff, 2009). For the 2.8 million private shareholders the average holding was 740 shares, which denotes that if they assume their rights in full, they would have had to pay al most ?370. Small investors were involved in right issue of Lloyds. Some were the institutions such as pension funds and investment firms along with the taxpayers. However, for those investors who didn’t take up the offer had to receive a cheque from the bank for the sale of their nil-paid rights. Moreover, the underwriters had guaranteed to buy the shares that was not subscribed for by

Scuba Dive in Zanzibar Island Essay Example | Topics and Well Written Essays - 750 words

Scuba Dive in Zanzibar Island - Essay Example It is one of the few and unique diving sites that provides yoga and diving services combined in the world. Each day the preparations begin early around five in the morning. We chose to join the expedition from kendwa beach which remained planned according to the tides that gave the best visibility in the least current. And we got to choose deep diving, drift diving, and fish identification. We wanted to see the more than three hundred and fifty fish species. There were nighttime dives to see the diverse beauty of the coral bommies close to the shore. The orientation experience widened our scope to incorporate a few more dive sites that extremely interested us. For snorkeling kendwa reef and kendwa gardens that remain located eight hundred meters from the dive base that makes it easily accessible. In case one chooses snorkeling it is vital to get safety tips and pointers at the dive center. We were also recommended to try Tumbatu Island, which is hidden, but a piece of beauty and fifteen minutes ride to it by speedboat. The prices are affordable and flexible to everyone. To get to tumbatu Island, the transport charge is forty-five dollars. To Mnenba Island a thirty minutes ride and dive costs eighty-five dollars. To learn snorkeling the charge is still eighty-five dollars. Since we had no kids, the costs for children remained omitted the regular expenses for children or teens. The PADI course costs a bit expensive as they cost three hundred and sixty-five dollars. The cost only accommodates the twelve meters dive. Since we chose a double dive on the northwest reef with the depth of twelve to eighteen meters and boat travel of fifteen minutes was charged a hundred and twenty dollars. For proper preparation, we chartered boats from the local scuba diving providers for diving and snorkeling lasting for five days. The five days had a minimum of ten dives and remained charged five hundred dollars. My niece loved adventure dives so we dedicated two  dives specifically for underwater photography of the sea creatures we got informed told would be found specifically on each dive.