Equity Research Coverage Reports

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.
Download Report
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.
Download Report
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.
Download Report
Kibaran Resources Limited (ASX: KNL) - Vertically Integrated Graphite Business - Tanzania
Thursday, October 4, 2018
We have a base case valuation/six month price target of A$0.64/share for Kibaran, calculated on a share structure diluted for funding of Epanko and EcoGraf and graphite pricing adjusted slightly upwards to reflect changes in pricing since release of the BFS. This is predicated on meaningful progress at both the Epanko and EcoGraf projects.
Download Report
Hastings Technology Metals Ltd (ASX: HAS) - Rare Earths Project - Has Signed Four Offtake MOUs - Negotiating Debt Funding
Monday, May 14, 2018
Key steps now include financing and the completion of permitting. We now expect a period of intense activity for Hastings with, in addition to the project development and financing activities, a drill programme as recently commenced to upgrade additional Resources to Reserves.
Download Report