A practical two-day workshop
5 – 6 March 2019 | Central London
By attending this two-day course, you will benefit from a detailed understanding of the factors affecting cost of capital, including WACC, Capital Asset Pricing Model, equity risk premium, cost of debt, financability and more. As well as expert presentations from Europe Economics, this course features interactive breakout sessions to give attendees hands-on experience of the models.
Key Benefits of Attending
This two-day course INCLUDES
An understanding of the role played by the cost of capital in regulation and competition policy
In-depth knowledge of how regulators and competition authorities estimate the cost of equity using the Capital Asset Pricing Model (CAPM)
Expertise in estimating the cost of debt, determining a notional gearing level, and allowing for tax liabilities
Know-how in assessing finance-ability and addressing any finance-ability problems
Insights into how models other than CAPM can be used to estimate the cost of capital
Managing Consultant, Europe Economics
Stephen Topping is a Managing Consultant at Europe Economics and an expert on the cost of capital. He has over 18 years’ experience advising clients across a range of utility and transport sectors, including clients in the energy, water, airports, rail and telecoms sectors. He has worked on secondment within Ofwat, Ofgem, Ofcom and the (then) OFT.
Dr Andrew Lilico
Director, Europe Economics
Dr Andrew Lilico is a Director of Europe Economics and is a leading finance expert. He has directed major projects on the cost of capital for regulators and companies across different sectors. He has lectured at UCL in Corporate Finance, Money and Banking, and Macroeconomics. He is a member of the IEA/Sunday Times Shadow Monetary Policy Committee, and is a frequent commentator on the BBC, Sky, Bloomberg and CNBC.
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