http://www.yowiegroup.com/fileadmin/public/assets/reports/011_YOW...

http://www.yowiegroup.com/fileadmin...-_capital_raising_May_2016_upgrade_to_BUY.pdf

"
BUY↑ from SPECULATIVE BUY
PRICE TARGET A$1.68
unchanged
Price (23-May)
Ticker
A$0.93
YOW-ASX

Yowie has the “golden ticket” for growth

... FY16 EBITDA adjusted for legal costs, future earnings unchanged
We have adjusted our earnings forecast for FY16 based on the increased costs
associated with the legal action with Atlantic/Whetstone and higher sales related travel
activity over the last 6 months. Our revenue forecast remains the same at US$14.7m (A
$20.8m), however our EBITDA loss estimate has increase from a loss of -US$4.1m to a
loss of -US$5.0m for FY16. Our longer term estimates remain largely unchanged.
"

$1.68 target with litigation factored in.

Thank you come again.