Sentiment Indicator

1.0

No. Of Recommendations

1

BROKERDATERATINGRECOMMENDATIONTARGET PRICE% TO REACH TARGETBell Potter

12/07/2023

1 Buy $0.12 23.71%

• COMMENTARYBell Potter transfers coverage of Alcidion Group to Thomas Wakim and retains a Buy rating, lowering the target to $0.12 from $0.20. Attention is on the upcoming fourth quarter update.
• While negative FY23 EBITDA has been guided, the focus will also be on the opening balance for contracted revenue in FY24.
• The broker notes in recent years the company has broadened its customer base and expanded its product offering, and remains well-positioned to leverage its investments, particularly in the UK.
• FORECAST
• Bell Potter forecasts a full year FY23 dividend of 0.00 cents and EPS of minus -0.40 cents.
• Bell Potter forecasts a full year FY24 dividend of 0.00 cents and EPS of minus -0.10 cents.