Rebasing Expections

Looks like Cannacord have rebased the price target from $3.50 to $2. Modelled 5M units for the US....now 800,000.

Forecast changes
For FY17, we have lowered our revenue forecast by 17% on lower forecast volumes for nbn Fixed Wireless and US Fixed Wireless, which in turn lowers our EBITDA forecast from $3.9m to $0m.
Further out in our model, we have again reviewed our medium-term assumptions, particularly with reference to the US Fixed Wireless segment which we had not altered since initiating coverage in November 2015. We have been carrying a cumulative 5m units for that segment but, upon review, we believe that a figure closer to AT&T's obligations to the Federal Communications Commission (1.1m premises serviceable) is more appropriate and so we have lowered the final figure to 0.8m, which represents a 78% take-up