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From: | "Adrian Ellingham" <raellingham@xtra.co.nz> |
Date: | Wed, 14 Nov 2001 09:22:35 +1300 |
Hi John,
Forsyth Barr in their latest New Zealand Equity Weekly are giving an
estimated upside valuation of $4.48. They state FY01
downgrades have been factored in to the current share price and that the Redfill
Landfill, which is the key value driver for WAM, will benefit from
increased volumes and charges over the next 18 months. Growth
of EPS(1) is estimated at 5% and EPS(2) at 36% Gross yield FY02 -
5.9% WAM is recommended as a BUY. We shall
see. Perhaps there really is money in
muck!
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