wilson's report update
Wilsons have just released a revised report. They've only changed their '06CY figures...raising it to 0.8cps Net. No big change. I have talked to Gregg Taylor, the analyst, and I know that he's got plenty of room to continue to upgrade his valuation as news trickles out.
His summary here: ToxFree Solutions Turnaround Confirmed – Upgrade to Company Forecasts
Recommendation TOX has confirmed the successful turnaround of operations with the announcement of their unaudited EBITDA result for 1H06. Following the strong result and recent acquisition of Delvex, TOX also upgraded company EBITDA forecast for FY06 by 45% to $4.4M. WHTM forecast FY06 EBITDA of $5.0M
We recommend TOX as a BUY, with a 12 month share price target of $0.18 per share. This represents a 20% premium to the current share price of $0.15 per share.
TOX Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
