Excerpts From Today's Broker CallThursday, 4 March 2021AND -...

Excerpts From Today's Broker Call

Thursday, 4 March 2021

AND - ANSARADA GROUP LIMITED

Morgans rates AND as Add (1) - Ansarada Group delivered a first half result better than Morgans had expected as subscriptions customers rose 12% year-on-year. It's considered this will result in revenue growth from the 1H21 to 2H21.

The merger of the company with the docyard was consummated and operating costs were reduced leading to an earnings (EBITDA ) positive position, explains the broker.

The analyst upgrades FY21-22 pro forma revenue forecasts by 5-10% which, combined with forecasts for lower opex, leads to material upgrades to EPS forecasts.The Add rating and $1.55 target are maintained.

Target price is $1.55 Current Price is $1.30 Difference: $0.25 If AND meets the Morgans target it will return approximately 19% (excluding dividends, fees and charges). The company's fiscal year ends in June.

Forecast for FY21:

Morgans forecasts a full year FY21 dividend of 0.00 cents and EPS of minus 10.00 cents . At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 13.00.

Forecast for FY22:

Morgans forecasts a full year FY22 dividend of 0.00 cents and EPS of minus 4.00 cents . At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 32.50.

Market Sentiment: 1.0All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources