Friday March 22, 2019
Photo article - I've never seen this beastie in the wild before today
Photo article from the Greek Hovel - a swimming pool for Olaf starts to take shape
San Francisco honours IRA butcher Martin McGuinness for his war record – a crazy cause too far

PERSONAL, UNDILUTED VIEWS FROM TOM WINNIFRITH

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First Derivatives – top broker Berenberg slashes target price by more than 50%

Please share this article with your comrades in revolutionary capitalism

- Tom Winnifrith

Oops a daisy. It looks as if some folks in the City have finally been reading our exposes on First Derivatives (FDP) and are finally waking up to the issues of cash generation, or rather lack of it. Top broker Berenberg was a major bull but has slashed its target price, as you can see in the full note below, from £43 to just £21.  Welcome to the party fellows but you are still way too generous – fair value is well under £10 a share.

Read the full article on ShareProphets | Comments
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