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2.5¢ yowie group ltd

Target $0.52, page-4

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CEM

608 Posts.

06/07/17

19:02

Post #: 25712568
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Originally posted by humble69 ↑

Pretty simple to work out the reason I'd have thought.
3 downgrades in a row and a new analyst.

Valuation and recommendation. We have revised our price target on YOW to $0.52 per share (from $0.93 previously). Our PT is based on an FY19E PER of 15.5x, which is set at a 10% premium to the Small Industrials average. We believe this is justified given YOW's projected growth rates. We have also changed our recommendation to Speculative BUY (from BUY). Our rating change reflects the guidance revisions and a slower ramp-up in sales, particularly in the US, which poses a risk in our view. That said, YOW is well capitalized and its current valuation isn't baking in much more success from here. While the investment proposition at this stage is not without risk, the risk-reward for investors is to the upside in our view.

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Don't you mean no more capital raises to do so no more corporate fees to collect, therefore no more made up price targets?

YOW Price at posting: 33.0¢ Sentiment: Sell Disclosure: Not Held
8 Upvote

0 Great analysis

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