Practical share valuation

This text lays out rules and guidelines to make share valuation less of a guessing game and more of a science. It allows the assessment of a fair value for shares, under the terms of the company's Articles of Association. This revised edition takes into account the relevant legislation since the second edition was published in 1991, as well as considering such changes as the collapse of Taurus and including new topics such as discounted cash flow. The appendices available with this volume provide the full texts of ratios and dividend yields of the quoted companies listed in the FTASI section to April 1962 then at three monthly intervals since 1963.