Financial Databases FMB 552E Fall (2nd) 2016 Bloomberg: Introduction & Equity Finance Topic: Share Repurchases Note 4 Inmoo Lee Inmoo Lee 1
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Financial DatabasesFMB 552E
Fall (2nd) 2016
Bloomberg: Introduction & Equity
Finance Topic: Share Repurchases
Note 4
Inmoo Lee
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Introduction to Bloomberg
Coverage
Global real-time and historical financial market
data
Global economic data
Global financial, political, and business news
Analytics
Company financials
Customizable charting.
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Where to find Bloomberg
terminals?
Bloomberg terminals are available in
KOSCOM Data Center on the 3rd floor.
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Create Your Own Login ID
(Bloomberg Account)
https://www.youtube.com/watch?v=GNwYs-
HEiNk
You have to have your own login to get credits
for any assignments related to Bloomberg.
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Keyboard
Key function identified by color.
Yellow =Market Sector
Green=Action (execute)
Red=log on/off
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Log On/Off
Log On (Red Key)
Press <DFLT>
Enter Username and Password.
Press <GO>
Log off of Bloomberg using the following:
Press <DFLT>
<CANCEL> To reset a screen or cancel a current command
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KEY FUNCTIONS GREEN Action Keys
<GO> Activates all commands
<MENU> Return to previous menu
<MESSAGE> Send and retrieve messages
<NEWS> Access global online news service
<PRINT> Print any screen. For a multiple-page (e.g., 5) report, press
5<PRINT>. Type 9<GO> to print the whole report
<PAGE UP>/<PAGE DOWN> Navigate between pages
<PANEL> Switch screens
<CMND> See previous keywords you entered
<HELP> From whatever screen you are on (twice to chat with LIVE
customer service)
Type: GRAB <GO> E-mail your graph or chart
Type: LAST <GO> Your command history
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KEY FUNCTIONS YELLOW Market Sector Keys
<CMDTY> Commodities, futures, options, spot rates
<CORP> Corporate Debt
<CRNCY> Spots, futures, options on over 100 currencies
<EQUITY> Stocks, options, ADRs, mutual funds, warrants
<GOVT> Worldwide sovereign and agency securities
<INDEX> World financial markets, economic indices.
<M-MKT> Continuously issued and short-term dated paper
<MTGE> Mortgage-backed security pass-throughs
<MUNI> U.S. municipality issued debt
<PFD> Preferred stock of public companiesInmoo Lee 10
Data Items
Company (Equities and Bonds)
Financial Market Perspectives (Indices,
Commodities, Currencies, Government
securities, Economic statistics, etc.)
News
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Ways To Get Help
Bloomberg Search: SEAR <GO>
For general help
HELP <GO>
• Help menu
###<HELP>
• Help about the keyword ###
Use Live Help for instant reply (available only for
non-academic accounts)
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Useful resources
http://financelab.rotman.utoronto.ca/resources/
resources.asp?n=real-time-
applications&i=bloomberg
https://www.youtube.com/watch?v=LE8HiHZ
cgEE
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Equities
Equities Main Equities Menu: <EQUITY> <GO>
Choose 1) Securities & Help
Try 5) HELP EQTY
Current Markets/Monitors
Most Active Up/Down: MOST <GO>
World Equity Indices: WEI <GO>
Finding and Creating Securities
Ticker Symbol Look Up: TK (****) <GO>
• Example: to find tickers for Samsung, TK SAMSUNG <GO>
Type company name at cursor and press <HELP>
SEAR<GO> and enter company name
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Single Equity
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Other Useful
Corporate Finance Related Functions
WACC
Weighted Average Cost of Capital and EVA
CAST
Capital Structure Analysis
SPLC
Supply Chain Management
FA
Financial Analysis
ESG is under FA (8) Inmoo Lee 17
How to find calculations for all
available fields?
Enter FLDS <Go>
Search for the one you want: e.g., WACC
Click the one you would like to check
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CACT: Corporate Action Calendar
CACT <GO>
Can find a list of firms that have taken a
certain type of corporate actions such as equity
offerings, buyback, M&A and so forth
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News search
NI <GO>: List of news categories
NI BBK <GO>: Scrolling News: Buybacks
NI BBKNEW <GO>: Scrolling News: New
Buyback Programs
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Total returns
TRA <GO>
Total return analysis
COMP <GO>
Comparative returns
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Getting Useful Documents
BPS <GO>
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Single Equity – Insider Trading
Insider Filings History (Example using Intel (INTC))
Get company news about insider trading• INTC <EQUITY> CN WSA <GO>
WSA stands for The Washington Service which is a vender providing insider trading data (http://www.washingtonservice.com/Index.aspx)
Insider Transactions • INTC <EQUITY> GPTR<GO>
GPTR: Insider/Major shareholder transactions
Other insider trading related functions INSD <GO> (Insider trading monitor)
OWN <GO> (Ownership summary)
NI IBS <GO> (Scrolling news: Insider buying and selling)
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Single Equity – Options Monitor
INTC <EQUITY> OMON <GO>
Description
Click on the specific option you want and type DES < GO>
Historical options
Click on the specific option you want and type: HP <GO>
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Equity Comparative Analysis
Compare an Equity to an Index
Intel compared to 2 major indexes
• INTC <EQUITY> COMP <GO>
Compare an Equity to an Equity
FDX <EQUITY> UPS <EQUITY><GO>
• Choose one out of various options
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Equities – M&A
Bloomberg M&A Analysis
MA <GO>
• Mergers and Acquisitions Search
• M&A League Table Search
Mergers and Acquisitions Statistics
Mergers and Acquisitions News
Top Stories Corporate Finance
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Earnings analysis and equity
screening Earnings Analysis
BBEA <GO>
Equity screening EQS <GO>
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Screening criteria
(Browse fields)
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Share repurchases
The stock market positively reacts to the
announcement of a share repurchase.
Repurchasing firms outperform in the long-
run.
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Chan, Ikenberry and Lee (2004)
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Chan, Ikenberry and Lee (2004)
DIFF represents the difference in BHR returns between repurchasing and matching firms (in Panel A, the
BHR of repurchasing firms is reported on the left and that of matching firms is reported on the right inside
the parentheses).
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