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ILU - UBS rates the stock as Buy
BY BROKER NEWS - 12/12/2016 | VIEW MORE BROKER UPDATES

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ILU - ILUKA RESOURCES LIMITED


Iluka has completed the acquisition of Sierra Rutile. When the deal was first announced, the broker estimated earnings accretion of 17%. On the basis of more recent Iluka estimations, the broker is now suggesting more like 70-80% accretion.

Sierra adds a scalable, long-life asset with options to improve performance, the broker believes. The broker has not yet incorporated the acquisition into valuation and retains Buy and a $7.50 target.

Sector: Materials.

Target price is $7.50.Current Price is $6.95. Difference: $0.55 - (brackets indicate current price is over target). If ILU meets the UBS target it will return approximately 7% (excluding dividends, fees and charges - negative figures indicate an expected loss).



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The content of this information does in no way reflect the opinions of FN Arena, or of its journalists. In fact we don't have any opinion about the stock market, its value, future direction or individual shares. FN Arena solely reports about what the main experts in the market note, believe and comment on. By doing so we believe we provide intelligent investors with a valuable tool that helps them in making up their own minds, reading market trends and getting a feel for what is happening beneath the surface. This document is provided for informational purposes only. It does not constitute an offer to sell or a solicitation to buy any security or other financial instrument. FN Arena employs very experienced journalists who base their work on information believed to be reliable and accurate, though no guarantee is given that the daily report is accurate or complete. Investors should contact their personal adviser before making any investment decision.

 

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