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Obtala - house broker VSA slashes target but still sees shares doubling from here

Tom Winnifrith Tuesday 6 February 2018

 

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In the wake of the recent fund raise by Obtala (OBT), the company's house broker VSA has slashed its price target from 36p to 25p but it is forecasting EPS of 1.6p for calendar 2018 and with massive asset backing, explains in a detailed note out today, why the shares will double from the current  12.625p mid. We own the shares and, for what it is worth, I agree with analyst Edward Hugo.

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About Tom Winnifrith
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Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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