Extract from Morningstar.
Morningstar raised OzForex to “accumulate” with a fair value price of $3.40 a share and a “high” fair value uncertainty. It said that OzForex continues to branch out from its Australian roots. “We estimate the firm accounts for roughly 5 per cent of its addressable market in Australia, leaving it with strong growth opportunities. “The banks are unlikely to aggressively compete with OzForex as it would mean forfeiting massive profits. Setting up in the US in 2012, OzForex is in a strong position to grow in this currently uncompetitive high-fee market.”
No advice. DYOR
Extract from Morningstar. Morningstar raised OzForex to...
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$2.16 |
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Mkt cap ! $518.3M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 1 | 1116 | $2.15 |
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|---|---|---|
| $2.16 | 14033 | 1 |
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