Gazal Agricultural Ltd Case Study - Economics Assignment Help

Assignment Task :

Task;

Case Study Assessment

Gazal Agricultural Ltd  Consider the following information about a company known as "Gaza) Agricultural Ltd". The Australian Stock Exchange (ASX) code for this company is 'GAL. 
GA2 is a publicly listed company that that operates agricultural production, supply and commercial outlets in New South Wales and Victoria, as well as several overseas countries. In 2019, the company recorded $50 million in revenue and a total net profit of $15 million. $10 million of this profit was taxed In Australia at the company tax rate of 30% and Gazal can provide 'dividend imputation' to Australian shareholders from the Australian tax it pays. 
On 241" July 2019, GM purchased a new building in outer Sydney NSW to house Its headquarters in, paying $3 million dollars including costs. 
You are providing advice to Gazal through the Commercial Division of Northpac Bank, with whom Gazal currently conduct their banking. You are to answer the following questions, and where references are used, ensure all work is appropriately referenced using Harvard Referencing system. 
 

Question 1
GAZ's share price currently trades around $3.20 and it has a market capitalisation of $152 million. The volume of shares traded each day has been increasing steadily since GAZ listed in 2010. 
a) Define  market capitalisation and calculate the number of shares on issue showing your calculation. Exolain  whether GAZ Is traded on the primary or the secondary market and discuss the reason for why their shares are traded on this market.

b) Discuss 4 points about the efficient secondary market role of a stock exchange and its Importance to GAL

c) Explain the primary market role of a stock exchange and discuss why the primary market role is Important for business/economic growth.

d) Define liquidity in the share market (market liquidity) and discuss why liquidity in the share market is important both to shareholders and to the corporation (GAZ). 

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