Despite a strong share price performance, after earnings upgrades the analyst feels the stock’s valuation remains undemanding and maintains an Add rating. Material EPS upgrades see the target rise to $1.06 from $0.83.
Read MoreThe Add rating and $0.83 target are maintained.
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With the prolonged bushfire crisis now abated thanks to the efforts of Mother Nature and tireless firefighters, Tim Boreham ponders the effect of the firestorm on listed equity exposures.
Read MoreShares in Australian Vintage (AVG) (the McGuigan wine group) fell sharply yesterday after the company told the market that it looking at more than $10 million in losses for the year to June 30, thanks in part to the impact of the shock Brexit vote in Britain on June 23. The shares fell by just over 7% to 52 cents on the update.
Read MoreShares in Australian Vintage (AVG), the owner of McGuigan wines and a string of other brands, fell 5% to 38 cents yesterday after the company revealed a disappointing update on the 2015 vintage and its impact on the company’s finances.
Read MoreMcGuigan Simeon Wines Ltd says the Australian wine industry is showing signs of recovery and it is looking to earn a small profit this financial year.
Read MoreShares in troubled winemaker McGuigan Simeon (MGW) jumped as much as 14.6% to $1.37 after it said on Tuesday it is trading positively despite difficult conditions and expects to see a small profit in the current financial year.
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