User Account

All Pages

Result of a fall in the value of shares

Assignment Help Business Management
Reference no: EM131491596

Nikki is interested in investing in a listed mining company and requests a copy of the last annual report of several mining companies. She finds that Toyo Mining Ltd is the best prospect. She is particularly impressed with the audit statement contained in the annual report. As a result Nikki acquires 5000 shares of Toyo at $10 per share. In 6 months the company the company is placed into Voluntary Administration. It now seems the audit was misleading indicating that the company was profitable when it was not. Can Nikki sue the auditors for any loss that she suffers as a result of a fall in the value of her shares?

Reference no: EM131491596

Questions Cloud

Evaluate the market timing and security selection abilities : evaluate the market timing and security selection abilities of four managers whose performances are plotted in the accompanying diagrams.
Should wal-mart have pursued e-commerce aggressively sooner : Do you think that Wal-Mart.com is likely to create additional value"? Should Wal-Mart have pursued e-commerce more aggressively sooner?
Calculate the cost of equity using the capm model : Calculate the cost of equity using the CAPM Model. The risk-free rate is 5.6%, the Return on the S& P 500 = 11.6%, MRP = 6% and beta is = 1.2.
Responsibilities and liabilities in relation : Advise Hardwick and Crown of their rights, responsibilities and liabilities in relation to the above scenario.
Result of a fall in the value of shares : It now seems the audit was misleading indicating that the company was profitable when it was not. Can Nikki sue the auditors for any loss that she suffers.
Shortages and surpluses play in the market : What roles do shortages and surpluses play in the market?
Which firm looks more risky for shareholders : Balance Sheets and Risk (Easy) Below are balance sheets for two firms with similar revenues. Amounts are in millions of dollars. Which firm looks more risky.
Stickiness in the economy influence : How would your views about the degree of price stickiness in the economy influence your views on whether such a policy would be desirable?
Describe the intervention and detail its history : Describe the intervention and detail its history. Examine who may be helped and who may be hurt by the selected government intervention.

Reviews

Write a Review

Business Management Questions & Answers

  Problem regarding the organizational assessment

As the human resources (HR) manager for a public organization, you are conducting a New Hire Orientation session for all new employees. As research for your orientation, you are writing a report about the functions of the organization, its strengt..

  Questions1 the biggest block to personal communication is

questions1. the biggest block to personal communication is mans inability to listen intelligently understandingly and

  What are the lowest monthly payments

If you wanted to purchase this Lexus, what are the lowest monthly payments you could make over the longest time period?

  Engaged as an advisor for a developing country

You have been engaged as an advisor for a developing country. You are asked the following question: Should the country have a strategy of import substitution or specialization? Explain each of these concepts and the theory of comparative advan..

  Application of engineering concepts

Find an application of engineering concepts and techniques to the health services in the literature, and write a summary describing it.

  Venture capital case write-up instructionsimandatory

venture capital case write-up instructionsi.mandatory pre-case study reading1.1.venture deals2.term sheet negotiations

  Respective company performance

Analyze how each leadership style might affect the respective company's performance and alignment to values. Discuss which leadership style you are most aligned to.

  Why did hawaii end its universal child health care program

Public Insurance and HealthWhat is "take up"?What is "crowd-out"? What does the evidence show about take up and crowd-out from Medicaid expansion? Why did Hawaii end its universal child health care program?

  International business expansion opportunity

2- Description of the Venture:  a. Identify the key issues in the scenario and the goals of your expansion 3- Literature Review

  Willingness to inflict economic pressure

Define and explain in detail, the factors related to union's bargaining power by its ability and willingness to inflict economic pressure on a target organization?

  Prevention of errors in healthcare is a concern

Prevention of Errors in Healthcare is a concern for many healthcare systems and is an area that is being aggressively being addressed.  However, there are instances when errors are unavoidable.  Take some time to review the quote below, what are your..

  Explain national differences in political economy

Explain national differences in political economy

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd