to good to be true:
ABN Amro - 29/08/2008 rated VCR as Hold - The FY08 result was in line with the broker's forecasts, but ABN Amro notes there's still no news as to how the company plans to raise an additional $20m in capital to underpin operations for another 12 months.
The broker maintains its Hold rating until the funding issue is resolved.
Target price is $28.00 Current Price is $0.22 Difference:$27.78 - (brackets indicate current price is over target). If VCR meets the ABN Amro target it will return approximately 12627% (excluding dividends, fees and charges - negative figures indicate an expected loss).
The company's fiscal year ends in June. ABN Amro forecasts a full year dividend of 0.00 cents and EPS of -13.19 cents . At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is -1.67.
i'd say this should read 28c not $ 28
VCR
ventracor limited
