RBS Morgans' (or just Morgans, not Morgan Stanley fyi) research note from December 16th 2015 revised forecasts down by 27.2% for FY16 and 72.6% for FY17.
Their price target for based on a current price of 0.30 at the time is 0.37. Previous target was 0.55.
Considering we are now trading at 0.20, if they are correct (big if) then there is a 17 cent upside at these levels.
Financial Year Results, page-10
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30.0¢ |
Change
-0.005(1.64%) |
Mkt cap ! $319.8M | |||
| Open | High | Low | Value | Volume |
| 30.0¢ | 30.0¢ | 29.5¢ | $270.3K | 902.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 131058 | 29.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.0¢ | 188184 | 2 |
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| CAJ (ASX) Chart |