SRS 0.00% 7.1¢ spicers limited

not so bad, page-14

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    Deutsche Bank 30/08/2011 Target $0.30 (was $0.75). Full year earnings were disappointing and see Deutsche cut forecasts significantly in coming years. The changes flow through to a lower price target.

    Volumes remain volatile but Deutsche sees scope for gains from price increases and recent restructuring efforts, so a Buy rating is retained.
 
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