Month: January 2019

Range Resources Ltd. (rrs) – Financial And Strategic Swot Analysis Review

Financial blogger

July, 12, 2014 : Company Profiles and Conferences presents a Company Report on “Range Resources Ltd. (RRS) – Financial and Strategic SWOT Analysis Review”, who helps you formulate strategies that augment your business by enabling you to understand your partners, customers and competitors better.

Range Resources Ltd. (RRS) – Financial and Strategic SWOT Analysis Review provides you an in-depth strategic SWOT analysis of the companys businesses and operations. The profile is bring to you a clear and an unbiased view of the companys key strengths and weaknesses and the potential opportunities and threats. The profile helps you formulate strategies that augment your business by enabling you to understand your partners, customers and competitors better.

The profile contains critical company information including:

– Business description A detailed description of the companys operations and business divisions.
– Corporate strategy Analysts summarization of the companys business strategy.
– SWOT Analysis A detailed analysis of the companys strengths, weakness, opportunities and threats.
– Company history Progression of key events associated with the company.
– Major products and services A list of major products, services and brands of the company.
– Key competitors A list of key competitors to the company.
– Key employees A list of the key executives of the company.
– Executive biographies A brief summary of the executives employment history.
– Key operational heads A list of personnel heading key departments/functions.
– Important locations and subsidiaries A list and contact details of key locations and subsidiaries of the company.
– Detailed financial ratios for the past five years The latest financial ratios derived from the annual financial statements published by the company with 5 years history.
– Interim ratios for the last five interim periods The latest financial ratios derived from the quarterly/semi-annual financial statements published by the company for 5 interims history.

Highlights

Range Resources Limited (Range Resources) is an oil and gas exploration and production company. It holds interest in oil and gas properties in Colombia; Georgia; Puntland, Somalia; Texas, the US; and Trinidad. The companys primary area of focus is Trinidad where it holds 100% interest in three onshore production licenses and owns a drilling subsidiary. Range also holds a 45% farm-in interest in onshore blocks VIa and VIb in Georgia; a 20% working interest in two licenses covering Dharoor and Nugaal valleys in Puntland; and a 19.9% interest in Citation Resources Limited which holds a 70% interest in Latin American Resources Ltd (LAR).

The Importance of Mutual Fund With Respect to Financial Planning

Financial blogger

Financial planning is the systematized process of meeting your financial objectives through appropriate investment avenues. Every investor harbours a different aim, in this regard. For some it is wealth creation for wealth’s sake, others aspire to buy a home (or several), whereas others wish to build their assets so that they may leave behind some financial security for their loved ones. However, to fulfil these dreams one must first analyse their current financial situations. Financial planning begins by looking at a person’s income, their savings and assets, their tax records, their expenses and debts, their appetite for taking financial risks and even their age, before laying down a tangible and realistic investment plan suited to these observations. Financial planning is ultimately the move one makes to take charge of their and their family’s long term financial security.

Mutual fund investments are relevant to financial planning as they are the epitome of all those financial products that allow us to achieve our financial goals. The ramifications of mutual fund investing, what they consist of and how they will contribute to our financial well being are pre-determined. Every fund has a different goal, which allows investors to invest only in those that will be advantageous to them. Equity mutual funds strengthen one’s finances in the long run, focusing on growth with short term risk. Thus, when engaged in planning your finances, try and figure out what your needs in the long term will be, taking into account old age, your children’s education, and inflationary prices and so on and so forth. Having calculated your potential requirements, invest in an appropriate equity mutual fund that, at the time of maturity will provide you with enough returns to meet your predicted needs. If they do not, then one can always reinvest the gathered returns.

This is a more convenient move than the painful process of building an equity portfolio in the stock market, one share after another. Mutual funds are highly beneficial in the process of planning your finances as they help you to focus your investments today based on your anticipated need for tomorrow in one swift move, rather than wasting your time with other more elaborate investment tools and duties that can be outsourced. For e.g., mutual fund investors are not required to have a keen knowledge of the market as executive decisions are all made by the fund manager.

The combined convenience of a mutual fund along with the experience of the manager as well as the lucrative nature of the medium itself results in a winning combination for anyone looking to invest with the view of long-term growth.

Brokers Benefit From Financial Deregulation

Financial blogger

The major banks have taken advantage of the current mortgage market by increasing their share of home loan that used to be held by smaller lenders. These include Westpac’s takeover of St George and CBA’s takeover of BankWest.

The credit crunch has allowed the majors to squeeze smaller lenders out of the market. But there were still 13,690 mortgage brokers practicing in Australia despite the squeeze. Of those, 10,000 were individuals.

Now the Federal Government is pumping an extra $8 billion into the mortgage market to “support competition”. But will this work?

Previously, non bank lenders competed with the majors on price and grabbed a large slice of the action. Subsequently, the major banks reduced their rates and offset the loss of income by closing thousands of branches across the nation.

Some people could see that the market was reorganizing itself and that there were opportunities to start businesses. Thus mortgage brokers as we now know them established themselves.

Each lender will only deal directly with brokers who submit a minimum level of applications per month. These minimum levels might be set around the one million dollar mark and brokers must meet them to maintain a direct relationship.

This is quite an ask for most mortgages brokers. One million dollars worth or home loans may constitute anywhere between one and five successful applications. Not many small brokers would be able to meet that minimum requirement and would be able to keep that direct relationship alive.

The mortgage broking industry therefore came into existence during a time when financial deregulation took hold in Australia. Brokers effectively became the sales team for smaller lenders who were not able to reach customers through their own resources.

Most non bank lenders do not have a network of branches they can use to peddle their wares. Nor do they have a large marketing budget that will allow them to advertise on TV. Mortgage brokers fill that void by selling the products that smaller lenders offer to the general public.

Mortgage brokers receive income by way of commissions from these lenders. They are paid per application that is approved and the loan subsequently drawn down by the borrower. Sometimes some of the commissions go to aggregators or franchisors if the brokers work under them. The aggregators help the brokers get around the minimum volume requirements, which allows them to deal with more lenders and offer their clients more choice.

Gp Locums Urged To Ensure Hmrc Compliance Or Risk Financial Penalties For Practices

Financial blogger

Locums risk falling foul of tax legislation

GPs locums and practices are running the risk of landing unexpected tax bills by not complying with tax legislation.

The warning, from contractor accountant firm Brookson, comes at the end of a year in which HMRC collected 9million in unpaid taxes from just 1500 medical professionals.

Experts are now warning GPs face a rise of 10k a year in tax bills.

With changes to PCT funding meaning that GP locums will be under even greater financial burden, Brookson, which specialises in accounting services for contractors, is looking to spearhead compliance in the medical industry by giving GP locums the advice they need to avoid unexpected tax bills and the potentially damaging reputational impact to their practice.

Martin Hesketh, managing director of Brookson, said:

It is clear that GP locums and practices are coming under the spotlight and working practices need to be 100 per cent compliant. HMRC is placing a strong focus on VAT, the declaration of business expenses, pensions and the employment relationship that exists between the practice and the locum.

Brookson have long been regarded as the employment status experts for independent workers. As HMRC turn their attention to the medical sector we are now looking to help promote compliance and provide guidance on employment status, promoting stability and longevity within the locum marketplace. Practices failing to ensure the employment status for locums they appoint is managed correctly could face substantial financial liabilities of unpaid tax and NIC, and embarrassment for all parties involved exemplified by the large amount of taxes repaid this year from the sector.

According to accountants for contractors Brookson many GP Locums use traditional high street accountants for their tax affairs; however with HMRC examining the working relationships of locums this is not something the industry is prepared for and our experience and research shows that many locum relationships are actually at risk of being seen as disguised employees by HMRC.

Brookson advises that complex IR35 tax legislation means accounts and working practices must be reviewed at more regular intervals with specialist help on IR35 compliance. Brooksons free guide to accounting explains IR35 compliance, employment status and what it means to you.

Brookson is helping to increase standards across the independent worker marketplace by co-founding the Freelancer and Contractor Service Association (FCSA) which has developed a code of conduct for members to help drive compliance across multiple business sectors in line with HMRC legislation.

-ENDS-

For more information, please contact Victoria McDonnell at Brookson Ltd.
Email: victoria.

Notes to Editors:

Brookson provides accountancy, tax and support services for self-employed professionals working on an umbrella basis, or running their own business either as a sole trader and or via their own limited company.

Brookson was launched 15 years ago by contractors, for contractors to provide advice and support to self-employed individuals to ensure they access the benefits they are entitled to, while working compliantly. Managed by a highly-qualified team of chartered accountants and former contractors, Brookson is committed to providing a first class service to its customers.

The independent worker market is highly legislative and the taxation side can be very complex. Throughout its 15 year history Brookson has used its specialism in independent working to guide its customers through the many changes in legislation, always ensuring they are operating compliantly whilst also optimising their tax position.

We are currently working with the BMA and Vocational Training Schemes to create a service for Locum GPs to ensure longevity and compliance within the market place and are now looking to engage with GP practices and Locums directly.

Controlling The Financial Performance Of Your Business

Financial blogger

There are numerous factors which impact on the performance and viability of your business. It is therefore imperative that you monitor and control your financial performance. Debt control and budgeting are two elements of this, and of particular importance is your business cash flow.

Many profitable businesses have gone under due to a lack of attention to their cash flow; they have insufficient cash available to pay their bills. Thus, you must plan and control your cash flow in order to effectively manage your business.

Some strategies that may assist in this include:

* Increasing the speed of cash receipts by good debt control strategies

* Avoiding excessive stock holdings by managing stock levels and obtaining reliable, prompt suppliers

* Planning the purchase of equipment and other capital expenditure for periods when surplus funds exist

* Planning to have sufficient reserves to carry your business through the inevitable periods when unexpected expenses are incurred

* Avoiding excessive investment in plant, equipment and other fixed assets which may leave too little working capital available (particularly in periods of falling prices, declining sales or increasing interest rates)

* Avoiding over borrowing as this may place a strain on working capital, loans still have to be repaid even if revenue is decreasing

* Maintain adequate working capital to fund the growth as increasing sales also means increasing costs, your working capital requirements therefore, need to be continually reviewed

* Delaying outgoings by taking advantage of the credit terms offered by your suppliers and paying when it suits your cash flow

* Reducing outgoings by taking advantage of discounts when appropriate and working capital permits

* And most importantly, regularly comparing your actual cash flows to your budgeted cash flows, analysing the differences, and taking action based on this analysis

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