thomson reuters upgrade kzl to outperform

Source: Kagara Ltd (KZL.AX)

Last time I looked a few months ago there were 6 brokers reviewed of whom 5 had a hold and 1 an outpeform.

This has improved to 2 buys, 1 outperform and 3 hold.

The forecasted EPS numbers for FY12 look very conservative and are probably based on 1-2 month old commodity prices.

By quarter: FY12

E.g. Year Ending Jun-12

Median	High	Low	Last Year
3.12	3.90	1.60	7.50

I calculate EBIDTA based on FY12 guidance of 54-72M to be more at the low end or about 40m after tax/
718,307,956

Median	High	Low	Last Year
6.0	9.0	3.0	7.50