Friday May 24, 2019
Photo Article - a Woodlarks training walk up the River Dee
Photo Article from the Welsh Hovel - this is what I do when not writing or walking
Photo Article update from the Welsh Hovel - a sight to delight daughter Olaf

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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