re IVA: For anyone interested,
UBS rates IVA as Neutral (3) -
The first half loss of $85 million included an impairment for the Osborne mine of $43.2m and inventory write-down of $18.3m. 2013 earnings forecasts have been cut by the broker to reflect the impact.
The Neutral view is retained and the price target is steady at 20c.
Target price is $0.20 Current Price is $0.20 Difference: $0.005
If IVA meets the UBS target it will return approximately 3% (excluding dividends, fees and charges).
The company's fiscal year ends in December. UBS forecasts a full year FY13 dividend of 0.00 cents and EPS of minus 14.00 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 1.39.
Market Sentiment: 0.0
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