Bell Potter downgrade NAN to sell above $3, page-4

  1. 25,586 Posts.
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    Hey, @Sojourner  What do you make of this Bell Potter Sell rec over $3.  They've put a sell on it for basic forward looking revenue/profit and the push-out to 2020's for new machines, they've also had a bit of a winge or a dig about dividends which is a bit puzzling to me, i wouldn't be expecting dividends here because it dosen't  and hasn't so far made much profit just single digit millions over the last 5-7 years and i wouldn't expect a company that has done CR's over the period to raise about 60 mil to then go and distribute those raised funds as a divi, i mean who goes around doing CR's to payout as divi's?  I'm not sure ive seen that way of carrying on too often but to be fair i'm sure HC (HOT) raised monies when it floated and then down the track a bit started a buy-back, or something like that, so you never know what they going to do i guess.  Potter hasn't really mentioned anything about any possible competition either that i could see in the report, maybe they have to wait for concrete evidence of some competition before they can report on it due to rules or guidlines they may have, i'm not sure how it all works on that front so maybe i'm a bit ahead with possible upcoming competition, however Wilsons has noted Antigermix in the past, just no notes on increasing activity and FDA application.


    Anyway would be nice to hear what you have to say about BP report as i'm wondering whether you know what your talking about and on a positive note it's good to see BP have gone back and had a closer look at their numbers and prudently made a few adjustments.


    Best Wishes

    Fish.



 
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