Ann: Operations and Guidance Update , page-7

  1. DSD
    15,977 Posts.
    lightbulb Created with Sketch. 71
    not many shares went up today. SDM did. maybe this reco was an influence.
    MM.

    RBS Australia rates SDM as Buy 24/02/2010 01:59PM
    SDM - Sedgman Ltd
    Target $1.97 (was $1.82). There were no major surprises in the group's interim result in the broker's view, while it expects the strong outlook statement will attract some interest in the market.

    Staff recruitment and contract wins should drive earnings and the broker expects this will see the stock re-rated, so to reflect this view it retains its Buy rating with an increased price target.

    Target price is $1.97 Current Price is $1.43 Difference:$0.54 - (brackets indicate current price is over target). If SDM meets the RBS Australia target it will return approximately 38% (excluding dividends, fees and charges - negative figures indicate an expected loss).

    The company's fiscal year ends in June.

    RBS Australia forecasts a full year FY10 dividend of 6.50 cents and EPS of 13.50 cents . At the last closing share price the estimated dividend yield is 4.55%.

    At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 10.59.

    Market Sentiment: 1.0
 
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