AFR Thursday 28 June.
JP Morgan believes PaperlinX’s balance sheet remains “highly stressed” despite the cost-cutting measures. The broker reduced its share price target to $1.06. “We forecast a 2011-12 financial year net debt of $190 million .?.?. more than four times the current market cap of the company,” it said. Goldman Sachs has maintained its “sell” rating because it does not expect any short- term catalyst outside of an improvement in European operating conditions.
Anyone got access to this report?
Thanks
- Forums
- ASX - By Stock
- jp morgan target $1.06
AFR Thursday 28 June.JP Morgan believes PaperlinX’s balance...
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SRS (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online