Bounty hunting is a profession many people are interested in, but they don't know where to go to learn more. This book points those people in the right direction.
tugas mata kuliah manajemen strategi tentang manajemen strategi perusahaan air minum dalam kemasan aqua danoneDeskripsi lengkap
tugas mata kuliah manajemen strategi tentang manajemen strategi perusahaan air minum dalam kemasan aqua danoneFull description
Global warming is increasing on our earth due to major increase in the pollution. Air pollution is very serious on our earth. So it is required to solve these problems by taking various serious attempts. Hence to reduce these pollutants from Exhaust
struktur organisasi di perusahaan aqua beserta tugas-tugasnyaFull description
Full description
Case Solution Aqua Bounty
Executive Case Summary
The CEO of Aqua Bounty Technologies is currently in the middle of deciding the next move for the company which needs to be taken in order to ensure that the company continues on its proected path to success! The "rm is a biotechnology "rm which works on genetically modi"ed salmons and trout working in the aquaculture industry! Their current proect involves building genetically modi"ed "sh for human consumption! #owever$ the company still does not have the required %&A approval for the same! Owing to this$ the current proect is still stuck as the company has already started the commercial production on a large scale and was simultaneously also running at considerable losses for a "rm of its si'e! The proect was not at the verge of eating into "rm(s own cash reserves now and in fact had already started eating some part of the reserve! #ence it was becoming increasingly necessary to try and fund the upcoming proects as well as the current proects by raising capital )through equity markets*! The team was also con"dent about their product in o+ering and hence were also hopeful of getting the attention in the market to attract capital in the market after the ,!-!O! ! They had the option of listing it in the .!/!$ but during his trip he could not "nd any maor positive responses to the product o+ered by them! #ence they decided to go public on 0ondon A!,!1!$ owing to the following reasons2 • •
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The European market was much more familiar with the aquaculture industry! The "rm did not require a minimum market capitali'ation based in the number of shares placed! The regulatory requirements were less stringent in the A!,!1! when compared to other listings!
#ence they decided to go ahead with the ,-O on the 0ondon A!,!1!$ thinking of it as a way to fund the current and new proects in pipeline! #owever$ now the decision lies with the CEO on how to evaluate the listing process! The valuation issue was a very maor issue which needed to be dealt with! As per the facts of the case$ Aqua Bounty needed around 34 mn 5 in order to be able to fund the "rm(s capital requirements! Another question on his mind was the valuation of the AquaAdvanatge opportunity$ which could prove to be a big determinant of the overall value of the company and the equity which the "rm would have to lose control of in order to raise the capital required! #ence it is this decision which we will try to ponder over through our analysis of the case!
Case Facts 6! 8! 3! :! 7! ;! ! ?!
Aqua Bounty lost over 57 million on revenues of around 56 million Cumulative losses of form(s history to 534 million /hrimp farming 9 global industry 9 worth 564 billion Aqua Bounty(s advisors had valued Aqua Bounty( shrimp therapeutics business between 37 million pounds and 74 million pounds Aqua Bounty raised 5 68 million in small scale equity "nancings and debt issuances Average compliance cost in 844; to be over 53 million 1oney needed to fund "rm(s regulatory approval pursuit = 534mn -robability of getting approval 9 4!3 /heet Attached with calculations
Problems Identifed There were various problems which the CEO was facing while deciding whether to go ahead with listing and if so$ what should be the valuation of the same$ which we will try to list now below2 •
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@ith respect to their product there was no regulatory approval received yet which created an environment of uncertainty! As the approval was not coming out$ they were struggling with the capital requirements and now the proects were starting to eat into the "rm(s capital reserves only! The "rm had a decision to take which would eventually help them to address the issue of capital requirements for the proects in pipeline! A solution to the issue would have been the raising of capital through -ublic 0isting$ an option the CEO is exploring and even we would as we go through the case analysis going forward! There was an enormous uncertainty regarding the revenues of the company(s future revenues$ which was a result of the company(s pending regulatory approvals! #ence the market potential of the company(s product was highly unpredictable The "rm was very unique in its nature of operations$ and hence lacked competitors it could compare itself to for benchmarking! /o they were facing a tough time evaluating the listing and this was also proving a maor problem while doing so!
@e will hence try to work on a solution which will take care of the above problems and ensure the best possible valuation is reached in spite of the challenges faced by the company today!
Alternate Solution S.W.O. analysis Stren!t"# •
/hrimp ,1/ and - are indigenously developed breakthrough treatment technology which can help them drive revenue in an ,ndustry troubled with /hrimp infection and badly depleting shrimp industry!
Wea$ness# • •
After passing of /arbanes=Oxley act it is dicult to get listed on DA/&A! They me be hurrying into ,-O before product launch which may undervalue the "rm!
O%%ortunity#
Company can get listed on A,1 stock exchange since it is accustomed to aquaculture ,ndustry and less barriers to get listed .
1arket Appetite for agriculturally oriented biotech ,-Os was high in European market! "reat# • •
There is #igh .ncertainty in getting regulatory approval! There is a treat from environmentalists who can campaign against F1 products!
/ince there are high threats involved$ it might be possible that they are hurrying into ,-O without knowing the true worth of their "rm! ,n case they undervalue and release the ,-O$ the current shareholders will su+er because of dilution! Gather they can wait it about$ since the product looks promising! Temporarily$ they can approach individual investors and "nance their needs! #e can also consider borrowing money!
Best Solution The D- calculated with the help of @ACC and &C% keeping a ten year scenario and considering 4!3 probability in the base line worst and best case scenario we get D- 578!:6mn! Also this includes a 4!3 probability of getting regulatory approval! ) S"eet Attac"ed& /ince this is more than 534mn needed to fund "rm(s pursuit of getting regulatory approval$ the company can go ahead with the ,-O!
Conclusion The company is in a condition to go ahead with the ,-O by getting listed on 0ondon(s Alternative ,nvestment 1arkets )A,1*! At the same time it faces lot of uncertainties like getting regulatory approval$ consumer behaviour as pertaining to the reception of their product and environmentalists pursuing a negative campaign! ,f the CEO is in favour of going ahead with the ,-O$ it should be done along with adequate quantitative market research for their product and try to allay fears of F1 product by giving facts!
