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Thursday, October 02, 2008
Mitsubishi UFJ Unit Buying 9.9% Stake In Aberdeen
Simon Kennedy
MarketWatch Pulse
LONDON -- Aberdeen Asset Management said Thursday that a unit of Mitsubishi UFJ has agreed to acquire a 9.9% stake in it from existing shareholders as part of business alliance between the firms. Aberdeen said Mitsubishi UFJ may purchase further shares up to an agreed maximum shareholding of 19.9% and can appoint a non-executive director to Aberdeen's board if the stake reaches 15%. Under the terms of the business alliance, Mitsubishi UFJ has agreed to promote Aberdeen products in the Japanese institutional marketplace.
Copyright © 2008 MarketWatch, Inc.
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Most folks judge the health of a business by the revenue that comes in through sales. But not all revenue is equal. Companies can grow their sales by buying other companies, which means you don't get a clear view of how the real sales trends are moving.
So, many analysts, particularly those who look at retail, try to gauge what¿s known as "organic" growth, by looking at same-store sales. These are sales only at outlets open more than a year, so the metric can exclude any sales jump that comes from opening new locations. Retailers release same-store sales (which are frequently called "comps" since they're a true comparison from the previous period) every month.
Retail, incidentally, isn't the only industry to look at same-store sales. Hospital companies, also use the metric, to gauge how existing hospitals are performing compared to ones they just built or acquired.
