BA-Merrill Lynch 08/07/2010 1 Buy, Medium Risk $5.89 65.4%
In the broker's view the market is overestimating the potential impact of issues with Waratah and that the stock offers compelling value at current levels.
The entire $1.2bn Waratah liability is unlikely to be incurred and the broker also suggests concerns over debt levels in Reliance Rail are being overplayed.
Even though a capital raising remains a risk the broker takes the view the current share price discount to peers is excessive, so it maintains its Buy rating.
Target price is $5.89 Current Price is $3.56 Difference: $2.33
If DOW meets the BA-Merrill Lynch target it will return approximately 65% (excluding dividends, fees and charges).
BA-Merrill Lynch 08/07/2010 1 Buy, Medium Risk $5.89 65.4%In the...
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Last
$5.88 |
Change
0.010(0.17%) |
Mkt cap ! $3.626B | |||
| Open | High | Low | Value | Volume |
| $5.81 | $5.89 | $5.79 | $977.0K | 166.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 1755 | $5.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.88 | 2358 | 18 |
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| Last trade - 12.39pm 04/12/2024 (20 minute delay) ? |
| DOW (ASX) Chart |
