3 brokers 3 buys 12 pc yield

SKICA SPARK INFRASTRUCTURE GROUP CTG Overnight Price: $1.39
ABN Amro rates SKICA as Buy - The company's result was in line with the broker's forecast and while the distribution was a little lower than hoped there is no change to the full year estimate.
It suggests the lack of any increase here may signal some corporate action in the shorter-term.


Target price is $1.55 Current Price is $1.39 Difference:$0.16 - (brackets indicate current price is over target). If SKICA meets the ABN Amro target it will return approximately 12% (excluding dividends, fees and charges - negative figures indicate an expected loss).

The company's fiscal year ends in December. ABN Amro forecasts a full year FY07 dividend of 18.50 cents and EPS of 0.73 cents. At the last closing share price the estimated dividend yield is 13.31%. At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 190.41.

Market Sentiment: 1.0

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Merrill Lynch rates SKICA as Buy, Medium Risk - Interim result was exactly in line with analysts' estimate. The broker argues the stock is still inexpensive and the discount versus peers is simply too high.
Target raised to $1.42.


Target price is $1.42 Current Price is $1.39 Difference:$0.03 - (brackets indicate current price is over target). If SKICA meets the Merrill Lynch target it will return approximately 2% (excluding dividends, fees and charges - negative figures indicate an expected loss).

The company's fiscal year ends in December. Merrill Lynch forecasts a full year FY07 dividend of 17.10 cents and EPS of 1.10 cents. At the last closing share price the estimated dividend yield is 12.30%. At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 126.36.

Market Sentiment: 1.0

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SB Citigroup rates SKICA as Buy, High Risk - Recommendation and target remained unchanged following what the analysts describe as another strong interim result. SKICA remains the broker's so-called 'preferred pick' in the regulated utility sector.
Broker's 18.06c dividend estimate is above management's indication, but the analysts maintain their view that it is achievable.


Target price is $1.57 Current Price is $1.39 Difference:$0.18 - (brackets indicate current price is over target). If SKICA meets the SB Citigroup target it will return approximately 13% (excluding dividends, fees and charges - negative figures indicate an expected loss).

The company's fiscal year ends in December. SB Citigroup forecasts a full year FY07 dividend of 18.06 cents and EPS of 0.00 cents. At the last closing share price the estimated dividend yield is 12.99%.

Market Sentiment: 1.0