ord minnett summary report, page-3

I was sent this as an attachment to an e/mail from my broker in N.Z.It is a 13 page article.dated 22 July 2005.
Notes that RDF have a 40 per cent market share in the U.S and state that the US market is very immature and offers significant med/long term upside potential.
CRAGR in NAPT of 61 per cent FY04 to 07. On a DFC basis they value RDF @ A$4.10 which was a 46 per cent premium on the market price at 21/07/05 they reccomended accumulate