Hartley's has updated their broker research with a target price...

Hartley's has updated their broker research with a target price of 59c. A couple of interesting comments.
1. Price has corrected materially over the past 6 months without any negative news. In fact ASX announcement continue to be positive.
2. The estimation of rooms or screens doesn't allow for a meaningful increase from the Reseller agreements with DXC & AST. They are assuming rooms of 75k by FY19 (currently 65k). Swift are expecting 20k rooms per reseller by Fy19 plus any others (yesterday announcement gave 8k potential). So Hartley's room count could be well short and therefore so could the valuation.
3. In contrast the Bells piece indicated 105k FY19 with a value of 67c.