I was in the US last month, so I must have missed this but did you guys know that two brokers picked up coverage on KZL, which is significant because nobody had stated much for almost a year prior to these reports.
They're up on the KZL website. http://www.kagara.com.au/?page=investor§ion=2&subsection=5
Southern Cross upgraded KZL to a buy when it was 63c and placed a 12 month price target of 86c.
Macquarie Equity Research also initiated coverage at 64c with a neutral stance but notably stated:
FY11 EPS changed to A$0.077ps from A$0.097ps. FY12 EPS changed to A$0.165ps from A$0.160ps, FY13 EPS adjusted to A$0.249ps from A$0.165ps.
Target price updated to A$0.88ps from A$0.90ps.
This stock will fly when the next quarterly report comes out.
KZL Price at posting:
53.0¢ Sentiment: Buy Disclosure: Held