You have recently started an internship position with Bianchi Asset Management (BAM), a large asset management company with A$500 million Assets Under Management located in Brisbane. The company's core investment focuses on the domestic share market; however, investments in share markets have provided lower than expected returns in the recent years.

BAM's Chief Investment Officer (CIO) has assigned you to perform an investment appraisal on a single company listed on the ASX and provide a recommendation if the company analysed should be included as part of BAM's investment.

Your personal values and experiences are important, and you should base your response on the evidence provided in these tasks along with your knowledge gained in the course. It is important that you provide clear evidence of your ability to apply your knowledge of finance as learned in the course to the task. The CIO has requested that your analysis must be an up-to-date analysis with at least 3 years of most-up-to-date historical data.

Your report must address the following issues: the first four issues are related to the corporate governance (task 1), and the fifth issue is related to the share price analysis (task 2):

1. A brief description of the company analysed
2. Information of the CEO of the company
3. The Board of Directors of the company
4. Societal Constraints
5. Analysis of company's share price using
   1. the Dividend Discount Model (1-stage and 2-stage). You will determine if the share price is priced fairly or over/under-valued. (Hint: To apply the DDM model and multi-stage model, you may need to calculate the beta, and cost of equity for the firm first; for more details, please refer to the guidance for 5.a and 5.b.)
   2. News/Announcement effect on the company's share price. You will investigate the speed of share price adjustment to these announcements using graphs. You will discuss the share performance over the last 3 years, showing the major events (announcements) in the life of the company and discuss how these events (announcements) have impacted the share price.
   3. On the same chart, present the performance of the major competitor and the market for comparison.

Your current internship position is under 3 months' probation period. Upon completing the task in hand, your department secretary will arrange a meeting with the CIO to discuss whether you have passed the probation period and be promoted to a Junior Corporate Finance Analyst.