Yowie Broker Reviews, page-5

From Hartleys:

"We have raised our 12-month target price on YOW to $1.49 ps, from $1.20 ps. We value the US market opportunity at $1.21 ps or close to 35x FY17 EPS. The fact that YOW has been able to secure a full national roll out with Wal-Mart should provide the market with further validation of the Yowie potential.
It is worth remembering that the Asia Pacific confectionary market is larger than the North American market. In addition, YOW has already completed a successful trial with a "Tier 1" grocery account in Dubai. We expect this to be a starting point for a wider launch of Yowie into the Middle East. A successful launch of YOW across Wal-Mart’s US store network my lead to a roll out across the global network. We think the opportunity for YOW beyond the US is significant enough for us to assign a value of A$50m or 28cps."