Buy recommendation: Crowd Mobile (CM8) [IMG] Chart: Share price...

Buy recommendation:

Crowd Mobile (CM8)

Chart: Share price over the year

The acquisition of mobile payments provider Track Holdings has been disappointing. However, after plugging new assumptions into our valuation model, we arrive at an average price target of 29 cents a share. A capital raising at a premium to the market and the company’s improving balance sheet are positive signs. We upgrade our view from a hold to a speculative buy. The shares were trading at 15 cents on June 22.

http://www.thebull.com.au/premium/a/67938-18-share-tips---26-june-2017.html