barnstyIt is not correct to say that there are no broker...

barnsty

It is not correct to say that there are no broker recommendations for ETC. For example, on 18 May 2009, ABN AMRO Morgans released a short analysis on ETC with a buy recommendation. That analysis forecast a net profit for FY09 of $46.7M, for FY10 of $86.2M and for FY11 of $95.2M. It concluded with the investment view that ETC has plenty of upside, and valued ETC at $1.09 per share, with a price target of $0.71 (discounted to reflect execution risk).

If/when ETC confirm the dollars are flowing into their coffers from their Malaysian contract, the China National Gas Tank Project, and the Vietnamese Ministry of Transport contract (for drivers license security system) that will mean the execution risk will largely evaporate.