Austock securities has maintained its strong buy recommendation for CPR despite the company's NSW operations continuing to drag earnings down.
the company recently reported an interim profit of $9.7 million- up 8% but below austock estimates.
however, the brokersaid that, exluding worse-than-expected results in NSW, the biusiness was in good shape, with NSW "offreing significant upside medium term" and new store revenue for 08-09 expected to surpass 07-08. clive peeters lost 15c to $1.12.
this was written in the west australian today
CPR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held