Bell Potter back on the 5th Aug dropped their valuation from $1.08 down to $0.98 retaining their buy rating.
Wee snip
"Investment view –Valuation reduced to A$0.98, Retain Buy
Following changes to our model, we value GID using a DCF at A$0.98/CDI (was
A$1.08/CDI). We retain our Buy recommendation. Catalysts for a re-rating include
revenue growth, US NASDAQ listing in 4Q14, re-imbursement approval in Australia in
2015, product launch in Brazil and India in 1H15 and data from US pivotal trial in 2016. "
GID Price at posting:
48.0¢ Sentiment: None Disclosure: Held
