http://www1.pchgroup.com.au/listpages.asp?SectionID=20&ID=34....2...

http://www1.pchgroup.com.au/listpages.asp?SectionID=20&ID=34

....2 reports made available by the company from Patterson's & Linwar, both issues shortly after the 1/2 yearly result was announced.

There's nothing much in there that isn't already known, but i figured people would be interested in reading them.

For my two cents, i think that both reports err on the side of conservatism - there's more upside to the broker predictions than there is downside. Both brokers make that pretty clear in their discussion, but when they do the modelling/spreadsheeting they are forced to use prudent accounting principles. There's some good work on offer for PCG over the short-medium term and if they gain some of that work via tender, there's upside to the forecasts once again.

Cheers.