ozestock forum post 16/10/02

www.ozestock.com.au


16/10/02
interesting..........


There was a brief article in SMH yesterday (15th) that some brokers had changed their recommendation on COA to a Hold from a Strong Buy.
Apparently some projects that could have accounted for expected income growth have been put back (I have not seen any mention of this before) and therefore Coates growth will be delayed, but the price target for about the next twelve months is still high two dollars to three dollars region.
They have been hammered since the profit announcement and with the general market downturn, oversold IMHO