Examining EMEA [about you]
What country is Sophie from?
Germany
Where is the World Bank headquartered?
Washington, D.C.
True or False: Proposed amendments to the Environmental Code of Sweden will ban all mining and extraction operations for coal, lignite, crude oil, shale oil, or natural gas for non-research purposes.
True
What is Last Mile Delivery?
A product's journey from the warehouse shelf to the customer's doorstep.
What does a DCF stand for and what is its purpose?
1. Discounted Cash Flow
2. Gives the value of the company based on the present value of all its future cash flows.
True or False: everyone in our fund is a pre-comm or Econ major
False
How many EU Countries do not use the euro as their currency?
a. 0
b. 4
c. 8
d. 10
c. 8 --> Bulgaria, Croatia, Czech Republic, Denmark, Hungary, Poland, Romania, and Sweden.
About how many thousand barrels of crude oil has Sweden produced in January 2022?
a. 0
b. 2000
c. 10000
d. 20000
b. 2000
What format of alternative storage does Amazon use to store their items during the holiday season?
Large tents on parking lots.
What is the formula for the Gordon Growth Method and what is the essential assumption you must make?
Formula = last year's cash flow * (1+g) / (discount rate - g)
You must assume that the growth will occur at a constant rate
What is Erik's favorite pasta shape?
Angel Hair
Which of the following nations is NOT in the Organization of the Petroleum Exporting Countries?
a. Congo
b. Libya
c. Venezuela
d. Oman
d. Oman
Not counting Russia, what nation produces the greatest amount of oil in Europe?
Norway
What Percentage of total shipping costs are last mile delivery?
a. 10-20%
b. 30-40%
c. 50-60%
d. 80-90%
c. 50-60% --> 53%
Why do you un-lever and re-lever beta?
To account for the unique capital structure of the company you are evaluating.
How did Shaurya break his foot?
Fell Down the Stairs
How many countries are in the EU?
27
What per cent total of Swedish crude oil is imported from Russia?
a. 8%
b. 24%
c. 45%
d. 68%
b. 8%
How many miles is the average US citizen comfortable walking to a transit location?
a. .25 miles
b. .5 miles
c. 1 mile
d. 2 miles
a. .25 miles
What is WACC (what does it stand for AND what is it conceptually) and how do you calculate it?
1. Weighted Average Cost of Capital
2. Discount rate that reflects the time value of money and the return that investors require before they can invest. Represents the risk of a company.
3. cost of equity * % equity + cost of debt * % debt * (1 - tax rate)
How many people are supposed to be at fund meetings each week? (including Fund Managers)
16
What is the largest stock exchange in Africa?
Johannesburg Stock Exchange (est. 1887)
What was the name of the Swedish oil company that we looked at?
Lundin Energy
What industry did the last mile transit problem begin in?
Telecommunications
How do taxes affect a DCF?
1. Forecast Period Un-levered Free Cash Flow
2. WACC Interest Shield
3. Calculating Beta
Valuation --> if the increase in free cash flow from lower taxes is a bigger factor than the increase in the discount rate from the same change then it would most likely be higher.