Petra Capital Report

Petra Capital initiated coverage on BID yesterday, the first broker to initiate formal research coverage. That’s a good step for the company as it will increase their exposure to instos and HNW investors.

Petra take a very focused approach to the stocks they cover so they’ll get behind it. Share price forecast $1.80 in 12 months moving to $2.80 a year after if they meet their targets.

I’m told JB rang the analyst and abused him 30 minutes after it went out because it conflicts with his singular view of the universe.

The more coverage they get, with people looking at this independently without any agendas, the better for all shareholders. Hopefully the company shows the major shareholders the next time they have a quarterly and we can see the changes in the register that have happened in the last month.

These reports are not the easiest to access for us Mum and Dad investors. I am happy email it on if you provide me with an email address.