Equity Research Coverage Reports

Suda Limited - (ASX: SUD) - Delivering Drugs through Oral Sprays - Transaction focus in 2014
Tuesday, February 18, 2014
SUD is a drug delivery company focusing on reformulating existing drugs into an oral spray for delivery through the oral mucosa. The company currently has a number of drugs under development including an oral spray for the treatment of malaria in children and oral sprays for migraine, erectile dysfunction, chemotherapy-induced nausea, pulminary arterial hypertension and pre-procedural anxiety
Download Report
Codan Limited (ASX: CDA) - Offer of Niche Group of Technology Products -
Monday, February 3, 2014
FY15 proved to be a stabilising year after the poor FY14 results. Revenue was up 8.8% with net profit up 34.9%. The increased profit was largely a result of improved gross profit margin, which increased to 54.5% from 48.7% in FY14. The gross profit margin improved due to the sale of higher margin products.
Download Report
Highlands Pacific Ltd (ASX: HIG) - PNG - Copper/ Gold - New Partner for Frieda River Project
Monday, January 20, 2014
During November 2013, HIG announced the sale of Xstrata’s share of the Frieda River Project to PanAust Limited (PanAust). This update focuses on the new partner agreement and provides a revised valuation based on the revised economics of the project
Download Report
Emerchants Limited (EML) - Reloadable Contracts Driving Growth - Maintain Price Target
Sunday, January 19, 2014
The company has been appointed as a preferred supplier of prepaid card solutions for the QLD Government. The agreement will be for an initial five year period with the option to extend for an additional four years through two consecutive two year contracts. The company is also undertaking a three month trial with Cash Converters
Download Report
Emerchants Limited (ASX: EML) - Reloadable Contracts Driving Growth - Valuation Upgrade to 94c
Sunday, January 12, 2014
The company signed a multi-year agreement with Ladbrokes.com.au for the provision of reloadable cards to their gaming customers. The card will allow customers to transfer money both into and from their gaming account to a reloadable card that can be used to withdraw funds from any ATM or POS machine.
Download Report