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8,483 Posts.
242
15/12/10
10:45
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John Young - Wilson HTM
Maintains a buy rating
Reduced target from $1.90 to $1.70
Ivor Ries - Baillieus
Has opted for a hold rating
Has slashed target to 96c
Reason for the major difference is that Ries is assuming that MPO Australia will still need to raise funds, and has chosen to use 350m shares not 250m
Young specifically states, that there is no need to raise funds.
Mitchell, MD has openly stated that he will not issue more equity for MPO. Too dilutive and unnecessary are the reasons given.
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