Bell Potter Increases Expectations

Definitely worth a read. Written 20/05/16

"Analysts at Bell Potter suggested on Friday morning that it may be time to jump on board the highflying share price of Adacel Technologies. New contract wins combined with improved earnings predictability due to the introduction of new revenue streams have increased confidence in the company’s ability to deliver on expectations."

"The broker is forecasting a fiscal 2016 net profit of $8.4 million, representing year-on-year growth of 78%. This compares with the company’s guidance of growth in the vicinity of 70%."

"Bell Potter’s price target of $2.75 applies upside of circa 20% to yesterday’s closing price of $2.26. If a profit upgrade materialises it could lead to a significant share price rerating as spikes in October, November, December 2015 and February 2016 were all in the vicinity of 40%."

http://www.marketwire.com.au/broker-watch/look-out-for-a-profit-upgrade-at-adacel-says-bell-potter/