Morgans summary (as far as i can see they are the only broker...

Morgans summary (as far as i can see they are the only broker covering it):
We value SLC at A$
2.74
(from A$2.81) per share using a Discounted Cash Flow with a
10% Weighted Average Cost of Capital.
SLC trades a
t a premium to
telecommunications peers and in our view, in order to justify this, SLC needs to
grow at
a faster
rate than peers. On our forecasts this is the case and therefore seems justified
,
however
SLC needs to successfully execute its sales strategy to deliver on this growth.
In our view
the key upside and downside risk for S
LC relates to the rate of sales. With
key assets now live, extensive and growing network coverage, additional sales staff
com
ing on board, and a strategic focus on
sales
, this
risk should now lie to the upside
.