Brokers ignoring seasonal IO swings and possible big drop in...

Brokers ignoring seasonal IO swings and possible big drop in Ozzi dollar. Hard to get any traction with such negative views.

"CIMB Securities rates AGO as Reduce (5) -
The broker lowers Atlas Iron's price target to 22c from 49c, taking into account lower iron ore price forecasts. A Reduce rating is retained.

Target price is $0.22 Current Price is $0.57 Difference: minus $0.35 (current price is over target).
If AGO meets the CIMB Securities target it will return approximately minus 61% (excluding dividends, fees and charges - negative figures indicate an expected loss).
The company's fiscal year ends in June. CIMB Securities forecasts a full year FY15 dividend of 0.00 cents and EPS of minus 6.70 cents."