Equity Research Coverage Reports

Broken Hill Prospecting Limited (ASX: BPL) - Low Cost Exploration - Identifying Prospective Targets in the Murray Basin
Thursday, October 4, 2018
Price target of A$0.23/share: Our price target is based on the value of the current projects and the risk weighted value of payments due on the development of the TCP. Exploration success on the other projects will result in significant upside to this.
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Kasbah Resources Limited (ASX: KAS) - Development Ready Tin -JV with two Large Japanese Companies - Morocco
Thursday, October 4, 2018
We have also completed a risked, after tax indicative valuation for the Company with a share price valuation range of A$0.028 to A$0.048 based on share structures diluted for a number of conceptual funding scenarios - given the range of possible funding paths this needs to be treated with caution and used as a guide only. We would also expect this to increase with derisking with material progress with offtake and finance negotiations.
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New Energy Solar Limited (ASX: NEW) - Solar and Renewable Energy Assets - US & Australia
Thursday, October 4, 2018
Our expectation is that NEW should be able to generate income in the vicinity of at least 6% p.a. when it reaches its target level of gearing, is fully invested and all power plants are operational.
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Family Zone Cyber Safety Limited (ASX: FZO) - Internet Parental Control and Cyber Security Product and Service Provider - US/
Thursday, October 4, 2018
The Family Zone platform successfully enables parents, or schools, to establish user specific internet access restrictions for any user, any device, and from anywhere.
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Codan Limited (ASX: CDA) - Sales Revenue Increase - Target Price Revised to $3.30 from $2.72
Thursday, October 4, 2018
We have revised our target price for CDA up to $3.30 from $2.72 per share in our report published in March 2018. The Tracking Solutions division is expected to experience significant growth in FY19, although will remain a small portion of the company’s overall business.
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