VDM Group one of Hartley’s top picks
With some equilibrium being restored following the revamping of the Resources Super Profits Tax, analysts at Hartleys have run the ruler over engineering and construction companies that are exposed to the mining sector.
With some equilibrium being restored following the revamping of the Resources Super Profits Tax, analysts at Hartleys have run the ruler over engineering and construction companies that are exposed to the mining sector.
VDM Group is one of Hartleys ‘top picks’, and the broker’s 12 month price target of 89 cents is more than double Wednesday’s closing price of 39 cents. VDM recently provided mid-range earnings guidance of $15 million, prompting Hartleys to increase its profit estimates for 2009-10 and 2010-11.
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