ERG 0.00% 6.3¢ eneco refresh ltd

San Francisco

  1. 23 Posts.
    Patterson Ord Minnett email to clients:

    Stock: ERG $0.35
    > Current Valuation/Price Target:
    > Recommendations: ST: LT: SPECULATIVE BUY
    > Event: Media Release
    >
    > Details:
    > * The Metropolitan Transportation Commission has put out a media
    > release on the pilot trial in San Francisco.
    > * The trial has been underway since February 1st, 2002 on a small part
    > of the metro system including ferries, streetcars, buses and commuter
    > rail. In total 5,000 volunteers are trialing the system.
    > * The scope of the trial has now been expanded with 18 rail stations,
    > 31 bus lines, 3 ferry terminals and 6 light-rail lines equipped to take
    > the card system
    > * Data collection for the trial ends July 31st, 2002 with the Phase 1
    > evaluation report scheduled for completion by September 1st.
    > * MTC are expected to make their decision regarding the implimentation
    > by the end of 2002.
    >
    > Impact:
    > * The report is positive on the performance of the trial to date and
    > provides a definitive timetable for further news.
    > * Another small step forward which should be positively received once
    > known to the broader market.
    > * Maintain Speculative Buy recommendation.
 
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