The first half result was in-line with Morgans expectations given the recent quarterly update and IPO, as B2C strength offset slightly lower B2B sales.
The company reiterated FY21 prospectus forecasts, as 50% of the target has already been achieved. Add rating and $1.59 target are maintained as forecasts are largely unchanged.
Target price is $1.59.Current Price is $0.90. Difference: $0.69 – (brackets indicate current price is over target). If YFZ meets the Morgans target it will return approximately 43% (excluding dividends, fees and charges – negative figures indicate an expected loss).
