VBC 0.00% 11.0¢ verbrec limited

1HFY15, page-2

  1. 1,375 Posts.
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    Given the number of firms giving downward guidance in the resources services sector, one would think LCM is in the same or similar boat. But they did provide solid guidance a few months ago and indicate that FY15 business is in good shape. And LCM didn't do any surprise confession in Dec-Jan.

    So, as per my earlier prediction, I think LCM will live up to its guidance for this half. It will acknowledge tough trading conditions but a reasonable ongoing flow of work thru end of FY15. But also opaque guidance for Fy16 with the usual advisory that it is flexible enough to adjust to any ongoing downturn.

    Two brokers report on LCM (in Thomson/Reuters), down from four broker coverage a few months ago. This past week, the broker with the lower target price increased that price from $1.05 to $1.09. the other broker still has $1.75 target price, but that has been so constant (since June14) that it might be a zombie broker. No change in broker estimated NPAT and EPS over the past few months.
 
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Last
11.0¢
Change
0.000(0.00%)
Mkt cap ! $31.75M
Open High Low Value Volume
11.0¢ 11.0¢ 11.0¢ $5.94K 54K

Buyers (Bids)

No. Vol. Price($)
2 88903 10.5¢
 

Sellers (Offers)

Price($) Vol. No.
11.0¢ 25000 1
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Last trade - 11.29am 28/03/2024 (20 minute delay) ?
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