An absolutely pathetic SP target, considering CCC has traded well above 27c for most of the last two years. These broker reports are not worth the paper they are printed on IMO - have never done anything for the SP, or to attract serious buyers. Can't believe Conti actually employs Investec - who needs enemies when you have friends like this?
Since late 2010 we've had buy up to prices ranging from $1.50 all the way down to 27c now - and the odd thing is that the more Conti derisks & achieves its goals, the lower the valuations get - go figure! If I said what I truly thought I'd get moderated.
Not impressed.
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investec issues a buy rating, page-5
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Currently unlisted public company.