nope, i read it correctly, this section of the report is a bit clearer
"Our un-risked price target is $1.41
Given the somewhat binary nature of these step-changes and TBH’s smaller size, we feel it appropriate to apply a risk weighting of 40% to our valuation, producing an $0.84 price target. As and when corporates come on board, there will be the opportunity to unwind this risk premium."
This broker will almost certainly be upgrading the stock shortly.
TBH Price at posting:
33.5¢ Sentiment: Buy Disclosure: Held
