ABN(RBS) Morgans
have started coverage.... they have a DCF of 1.03, but a target price of 71c applying a discount to reflect the unproven status of ETC..
"ETC has several significant contracts underway and more in the pipeline. We expect significant upside when milestones are achieved and we initiate coverage with a BUY recommendation"
looking promising folks.
ETC
entertainment media & telecoms corporation limited
abn morgns start coverage buy t/p 71c
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