decision looming. a lot hinging, page-2

Monday, 25 March 2013

BTU - BATHURST RESOURCES LIMITED

Credit Suisse rates BTU as Outperform (1) - Bathurst is expecting a decision on the Escarpment environmental review in NZ this week, and the broker expects a positive announcement given economic and employment benefits make a strong case against environmental concerns. Meanwhile BTU posted a greater than expected loss for the half which leads the broker to downgrade forecast earnings by 20% across FY13-15.

Target falls to 55c from 60c but Outperform retained, with BTU offering high reward potential on high risk.
Target price is $0.55 Current Price is $0.28 Difference: $0.265 If BTU meets the Credit Suisse target it will return approximately 93% (excluding dividends, fees and charges).