Comsec shows SRG has analyst coverage

  1. 704 Posts.
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    I note that sometime last week, the Comsec data that I check each week started showing that SRG had analyst coverage from Hartleys.

    I found the Hartleys report here.

    http://www.srglimited.com.au/images/files/Srg_Limited_160304_initiation_final.pdf

    The Hartleys report is dated 4 March 2016, so I do not know why it took so long to appear in Comsec's data.
    Maybe it was only circulating to Hartleys' clients for a while.
    In any case, it is a positive for the SRG and a positive that Comsec are now showing the fact of the coverage.
    Analysts have no incentive to initiate coverage of stocks that they think will turn out to be losers.
    They are forecasting a 2 year earnings growth of about 88% PA, which if realised, would likely do wonders for the SP.

    cheers
 
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