brokers reports released today I found this post on another...

brokers reports released today
I found this post on another board today

Might explain the rise

Dazzler

Results will be announced on 19 August.
Obtained copies of two broker reports from the company this morning.
1. Linwar Securities, dated 30 June 05. Main points.
Retains outperform recommendation.
- trading at 25% discount to their DCF valuation of 75c/share
- possible maiden dividend in August
- eps growth: 06- 17.8%, 07- 14.1%. Corres. year ROE 16.5% and 16.8%
- MIS product, $80m of demand, could only supply $44m (co. called it a woodlot tsunami)
- one of the most attractively priced MIS products in the market

2. CCZ Equities, dated 18 July 05. Main points.
Buy recomm., upgraded forecast.
- earnings quality improving, timber processing v MIS sales
- fair value 80c, price target 78-84c.
- eps growth: 06- 23.2%, 07- 20.4%. Corres year ROE 13.4% and 14.7%
- net profit growth: 06- 40.6%, 07- 20.4%
- possible corporate activity from ITC