Flat growth and cost overruns, imo.
Credit Suisse 04-Oct-12
Target $13.61 (was $16.00). The broker has trimmed its EPS forecasts target price to account for the cost of a 25% capex over-run in APLNG, while FY14 earnings are trimmed by 2% to account for an overweight exposure to the NSW gas market.
11.50s, page-7
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