"Premium assets bring premium results, " says Rose, who early in his career managed Global Marine's first custom-built drillship, the Glomar II.
By this score Hammerson is acceptably priced, at a 13% premium to net assets, but Great Portland Estates, at a 36% premium, is overvalued.
FORBES: The U.K. has joined the REIT revolution. Buy sparingly.
The implied premium for the operating assets of the company clearly is considerably greater when adjusted for the minority, non-controlled assets and cash.
In doing the split for potential suitors, Elliott will also be likely to command a premium price for the assets it may sell.
Companies looking to follow the GM model will have to fund the plan as well as contribute an additional 15% of their assets as premium to the insurance company chosen to cover the pension.
Equities had traditionally been seen as paying a risk premium over the return on safe assets.
Its level reflects all sorts of things, including demand from investors for bonds, expectations of future inflation and a risk premium for holding longer-term assets.
Long-term nominal interest rates are influenced by many things, including investors' expectations of inflation and future short-term rates, and a risk premium for holding long-term assets.
Until recently shareholders were happily waiting for Lazard, an investment bank hired to produce a strategic review for Hollinger International, to get on with selling the company's assets for a big premium.
It trades at a 70% premium and pays out 20% of assets annually.
Inflation puts a premium on hard as well as existing assets.
Sure, this is an unorthodox option, but it is notable that today, while prices for most other assets are flying high, it is still a buyer's market for premium waterfront property in many jurisdictions, and even for those prized trophy assets, private islands.
Banks should like it because interest-only mortgages earn a premium rate and they get to lock in low-risk assets at their current depressed values.
Despite repeated efforts to use premium Time Warner content to drive subscriptions, the link with the entertainment assets has proved of little value.
The eligibility and premium requirements are determined under state law and generally require that you have no assets and fall within a low-income category.
The premium is what investors are bidding on above and beyond the cash flows from current intangible assets.
However, with respect to return on assets, Acadia Healthcare looks attractive at 3.9%, a marginal premium to the peer group average of 3.5%.
FORBES: Acadia Healthcare Is Gobbling Up Assets And Moving Up The Charts
Also, with respect to return on assets (ROA), ResMed looks attractive at 13.7%, a lofty premium compared to the peer group average of 6.7%.
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