SIAS Research in a Mar 6 research report says: "Falcon Energy Group’s (Falcon) FY2011 performance was dragged by several one-off factors such as US$7.1 million allowance for doubtful debts and expenses for the new resource division (about US$1-1.5 million).
"The FY2011 revenue and adjusted PATMI of US$79.9 million and US$10.4 million are largely within our projections. We project Falcon’s FY2012 performance to be substantially better than FY2011 on the back of maiden contribution from the resource division and at least break-even performance from the marine division.
"We are now projecting FY2012 revenue and profit after tax (PAT) of US$87.9 million and US$19.5 million. Intrinsic value of 51.5 cents. MAINTAIN INCREASE EXPOSURE."
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
disf76
share price to hit 16 cents by May 2012.
2012-04-09 16:44