GRD Ltd (GRD) Positive market update 10/07/2008 14:53The update...

GRD Ltd (GRD) Positive market update 10/07/2008 14:53
The update highlighted some positive developments. Noteworthy, all regions within GRD Minproc are performing strongly, providing good geographic revenue diversification.... + more The update highlighted some positive developments. Noteworthy, all regions within GRD Minproc are performing strongly, providing good geographic revenue diversification. Within Global Renewables, the construction of the Lancashire project remains on schedule. After a reassessment of GRD's key growth factors, we have increased our beta assumption from 1.0 to 1.4. Our earnings forecasts do not change materially while our 12-month price target falls by 14.6% to $1.36. We retain our positive view