ERG 0.00% 0.9¢ eneco refresh ltd

anyone have a view?, page-2

  1. 280 Posts.

    On the basis of the Group's improved 2H03 performance and contract outlook I assumed improved EBITDA margin forecasts. Specifically, EBITDA margins progressively expanding to 7% to the FY07F. In my view, this assumption largely remains a leap of faith given ERG's track record although the company has clearly made positive progress over the last 6-9 month period. The stock remains a high risk investment in my mind.

    Forecast Target Price $1.15

 
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