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04/03/15
13:03
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Originally posted by JBaker12
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Foster's updated Yesterday and they appear to be much more conservative.
Earnings revision and valuation revised. We have made adjustments to our forecasts to reflect a more conservative ramp up in users. The key changes to our forecast include lower average transaction value and margin with the net impact a reduction in EBITDA for CY15 and CY16 of 87% and 79% respectively. We have updated our valuation to reflect our revised forecast. Our risked valuation and price target has been revised to $0.33/share from $0.90/share.
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What an absolute whopper of a revision.
Precisely why it pays to dyor and take brokers with a grain of salt.
Nice recent analysis too JBaker.
Would be surprised to see NNW not secure a new cornerstone investor at this lower mc.
Cheers