Lets hope the share price does respond post yearly report. And lets hope management didn't factor in 10 mill a month with their profit forecast :|
"Our 12-Month Price Target is A$0.50, Based On 5.0 Times 2011 EV/EBITDA. Our price target of A$0.50 is based on 5.0 times F2011 EV/EBITDA, or an approximate 30% discount to the peer group average multiple of about 7.0 times. We note that Industrea shares have significantly underperformed their global peers thus far this year, mainly reflecting a lackluster 1HF2010 (ended December 2009). We estimate that second-half results (ending June 2010) will be significantly better on a sequential basis, and we expect Industreas share price to respond."
IDL Price at posting:
$1.01 Sentiment: Buy Disclosure: Held
