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RAN - Morgans rates the stock as Hold
BY BROKER NEWS - 12/12/2017 | VIEW MORE BROKER UPDATES

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RAN -


Morgans is disappointed with the company's business update, as issues have occurred with the commissioning of the raw material pre-processing system.

A review is underway as management assesses the impact of higher raw material costs on the economics of current orders. Another issue is the non-payment of a large order by a Chinese customer, which the broker asserts needs to be rectified given the stretched cash position of the company.

Hold rating maintained but Morgans advises investors to be extremely cautious. Target drops to 7c from 26c.

Sector: Materials.

Target price is $0.07.Current Price is $0.08. Difference: ($0.01) - (brackets indicate current price is over target). If RAN meets the Morgans target it will return approximately -14% (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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