Yes, think it could see 30 by week end. I've just received a note from my broker to support my view, happy to share.
We see upside risk and downside risk in the short, medium and/or long term. Arbitrage opportunities in gas and oil plays will permeate through to the communications sector in the form of fulfilling clients legacy KA band multi-directional beamed space-to-earth need, we feel. In addition, jawboning by the reserve will drive down the $ and increase yield in the corporate debt markets leading to unstable environment for emerging markets including the BRIC and MENA nations. We have adjusted our modelling to reflect the landscape and expect NewSat to outperform, we have a $0.30c rating.
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