broker give thumbs up

Macquarie 25/03/2009 1 Upgrade to Outperform from Neutral $0.30
The broker notes yesterday's 1H result demonstrated both strong free cashflow generation and rapidly receding balance sheet risk. The broker sees the company as well positioned to grow in a downturn, with its low-cost model attracting subscribers.
With ongoing free cashflow yields exceeding 30%, there is the potential for much higher dividends and so Macquarie upgrades its recommendation to Outperform with a price target of 30c (was 16c).