Blackrock Hedge Selector (LSE:BHUE) Net-Net Working Capital : £0.00 (As of Jun. 2014)

View and export this data going back to . Start your Free Trial

What is Blackrock Hedge Selector Net-Net Working Capital?

In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. This is a conservative way of estimating the company's value.

Blackrock Hedge Selector's Net-Net Working Capital for the quarter that ended in Jun. 2014 was £0.00.

The industry rank for Blackrock Hedge Selector's Net-Net Working Capital or its related term are showing as below:

LSE:BHUE's Price-to-Net-Net-Working-Capital is not ranked ^*
in the industry.
Industry Median:
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Blackrock Hedge Selector Net-Net Working Capital Historical Data

The historical data trend for Blackrock Hedge Selector's Net-Net Working Capital can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Blackrock Hedge Selector Net-Net Working Capital Chart

Blackrock Hedge Selector Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Net-Net Working Capital

Blackrock Hedge Selector Semi-Annual Data
	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14
Net-Net Working Capital	Get a 7-Day Free Trial			-	-	-0.01	-	-

Competitive Comparison of Blackrock Hedge Selector's Net-Net Working Capital

For the subindustry, Blackrock Hedge Selector's Price-to-Net-Net-Working-Capital, along with its competitors' market caps and Price-to-Net-Net-Working-Capital data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Blackrock Hedge Selector's Price-to-Net-Net-Working-Capital Distribution in the Industry

For the industry and sector, Blackrock Hedge Selector's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Blackrock Hedge Selector's Price-to-Net-Net-Working-Capital falls into.

Blackrock Hedge Selector Net-Net Working Capital Calculation

Blackrock Hedge Selector's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2013 is calculated as

	Net-Net Working Capital		(A: Dec. 2013 )
=	(Cash, Cash Equivalents, Marketable Securities	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.056	+	0.75 * 0	+	0.5 * 0	-	0.165
-	0	-	0)	/	25.9875
=	-0.00

Blackrock Hedge Selector's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jun. 2014 is calculated as

	Net-Net Working Capital		(Q: Jun. 2014 )
=	(Cash, Cash Equivalents, Marketable Securities	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.416	+	0.75 * 0	+	0.5 * 0	-	0.308
-	0	-	0)	/	25.9752
=	0.00

In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.

This is a conservative way of estimating the company's value.

Blackrock Hedge Selector (LSE:BHUE) Net-Net Working Capital Explanation

One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.

Benjamin Graham looked for companies whose market values were less than two-thirds of their net-net value. They are collected under our Net-Net screener.

Blackrock Hedge Selector Net-Net Working Capital Related Terms

Thank you for viewing the detailed overview of Blackrock Hedge Selector's Net-Net Working Capital provided by GuruFocus.com. Please click on the following links to see related term pages.

Blackrock Hedge Selector (LSE:BHUE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Blackrock Hedge Selector Ltd (LSE:BHUE) » Definitions » Net-Net Working Capital

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.blackrock.co.uk

BlackRock Hedge Selector Ltd is a closed-ended investment company incorporated in Jersey on 17 August 2009. This fund was launched on 28 September 2009, initially offering two share classes; the UK Emerging Companies Shares, which invest directly into the BlackRock UK Emerging Companies Hedge Fund and the Cash Fund Shares, which invest directly into the BlackRock Institutional Sterling Liquidity Fund. The investment objective of the Hedge Fund is to seek to maximise total returns by investing in mid and small cap UK equities, whilst limiting correlation with the UK equity market. The investment objective of the Liquidity Fund is to maximise current income consistent with preservation of principal and liquidity by the maintenance of a portfolio of high quality short-term "money market" instruments.

Blackrock Hedge Selector (LSE:BHUE) Headlines

No Headlines