re: whats it giong to take for 15.... Broker forecasts can...

re: whats it giong to take for 15.... Broker forecasts can essentially only go on what information is given from the company itself. Most brokers forecast 8M EBITDA next year, and that is what management have come out and forecasted themselves, so people are holding back.

Some things that might help it go through 15c in my opinion:
- Rather than giving ultra conservative guidance, TOX should give a more realistic guidance so they don't have to issue two or 3 upgrades throughout the year.
- Start quoting NPAT forecasts, not EBITDA. They should know what their tax position is in 2007, and what can be done in relation to the offsetting of previous capital losses, and should therefore quote NPAT.
- Win a major TDU contract and get it upgraded. In every broker forecast, the TDU is the major swing factor, and i assume many people aren't willing to get in the stock until TOX gets a large TDU contract.

Until then, with a generally weak market, it looks likely to just hover between 11-13c.