Browsing by Author "Enow, Samuel Tabot"

Now showing 1 - 4 of 4
  • Thumbnail Image
    Item
    Determinants of Share Prices: the Case of Listed Firms on Johannesburg Stock Exchange
    (Danubius Journals Platform, 2016) Enow, Samuel Tabot; Brijlal, Pradeep
    Equity investments offer considerable returns to investors and is considered to be a major source of capital for most large firms. However, these returns are subject to movement in share prices. This study investigate the determinants of share prices using fourteen companies listed on the Johannesburg stock exchange from 2009-2013. Using a multiple regression analysis, the result reveals that dividend per share, earnings per share, and price-earnings ratio accounts for 57.8% of share prices movements. Furthermore, earnings per share and price earnings are significantly positively correlated to share prices although dividend per share was not. This finding implies that, managers can create value for their shareholders by increasing dividend per share, earnings per share and price-earnings.
  • Thumbnail Image
    Item
    Determinants of share prices: the case of listed firms on Johannesburg Stock Exchange
    (Danubius University, 2016) Enow, Samuel Tabot; Brijlal, Pradeep
    Equity investments offer considerable returns to investors and is considered to be a major source of capital for most large firms. However, these returns are subject to movement in share prices. This study investigate the determinants of share prices using fourteen companies listed on the Johannesburg stock exchange from 2009-2013. Using a multiple regression analysis, the result reveals that dividend per share, earnings per share, and price-earnings ratio accounts for 57.8% of share prices movements. Furthermore, earnings per share and price earnings are significantly positively correlated to share prices although dividend per share was not. This finding implies that, managers can create value for their shareholders by increasing dividend per share, earnings per share and price-earnings.
  • Thumbnail Image
    Item
    The effect of working capital management on profitability: The case of Small Medium and Micro Enterprises in South Africa
    (Danubius Journals Platform, 2014) Enow, Samuel Tabot; Brijlal, Pradeep
    Working capital is vital in any business, especially in SMMEs, given that most of their assets are in the form of current assets. Management of working capital is vital in order to improve profitability of the business. This study investigated the effect working capital management on profitability, using fifteen South African SMMEs, listed on the Alt-X on the JSE, from 2008-2012, using a multiple regression analysis. The results show a positive relationship between number of days account receivable, number of day’s inventory and negative relationship between number of days payable and cash convention cycle. Thus minimizing working capital and decreasing the cash conversion cycle increases profitability and hence shareholder value.
  • Thumbnail Image
    Item
    The inventory management practices amongst manufacturing SMEs in the Cape Metropole, province of the Western Cape, South Africa
    (Danubius University, 2016) Enow, Samuel Tabot; Isaacs, Eslyn
    Financial management is one of the seven important managerial functions and is responsible for ensuring that institutions have adequate or access to financial resources to meet short-term and long-term resources to meet long-term obligations. Long-term resources are capital provided by the owner (s) and long-term loans, whilst short-term resources include cash on hand or in the bank, accounts receivable and inventory or commonly referred to as current assets. The investment in inventory is often 50% of the value of current assets and in many cases overlooked as a source of short-term funds. Considering the importance of inventory in any business, this study focused on inventory management practices in SMEs. Using a sample of 100 businesses, our research revealed that only (i) 19% always prepare inventory budgets; (ii) 21% always review inventory levels; (iii) 25% review the shelf-space allocated for the products; and (iv) 19% use computers in inventory management.