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22/09/20
09:12
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Originally posted by drg:
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Here is another from CS... Outperform Traget Price: 42c % to reach target: 27% The expansion of Atlas capacity by 50% has surprised Credit Suisse, being double the expansion previously flagged at the FY20 result. The broker observes a growth path is becoming clearer and presents 35% upside to FY23 operating earnings (EBITDA).Roma North gas production could increase by 33% in FY22 and Atlas by 50% in FY23.The next major catalyst is likely to be capital management, in the broker's view. Management remains committed to returning value to shareholders alongside its growth plans. Outperform rating retained. Target rises to $0.42 from $0.39.
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This seems a very low and conservative valuation from Credit Swisse...!!! is their any past bad blood between the 2 parties..?