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1.59%

$3.10 senex energy limited

I expected a TP of 89 cents. IMHO but pls DYODD time to sell...

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JCoure

12,929 Posts.

132

26/06/18

15:53

Post #: 33958476
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Originally posted by drg ↑

Don't take notice of broker reports much... but here is the latest from Morgans..

Morgans rates SXY as Add (1) -
Morgans believes the deal with infrastructure operator Jemena de-risks an essential element of Project Atlas and almost halves the required capital expenditure.

The broker envisages significant potential for Senex to now strike a similar deal on WSGP, which could unlock further upside that is not represented in forecasts. An Add rating is maintained. Target lifts to $0.53 from $0.51.

Target price is $0.53 Current Price is $0.43 Difference: $0.1
If SXY meets the Morgans target it will return approximately 23% (excluding dividends, fees and charges).

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I expected a TP of 89 cents. IMHO but pls DYODD time to sell until the next one.

Perhaps Morgan’s algorithms are making the wrong assumptions or are not uploading the assumptions correctly in the code. In any event, 53 cents is not good enough IMHO. A bearish contribution.

Which broker is next to upgrade or downgrade?

Last edited by JCoure: 26/06/18

SXY Price at posting: 41.3¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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