We have revised our forecasts for Altium post the release of the FY23 result last month and have made some modest changes. We have increased the Price Target up 10% to $44.00, while maintaining a Hold rating.
We have initiated coverage on Burgundy Diamond Mines Ltd (BDM), with a Buy rating and Price Target of $0.50/sh. BDM's core asset is the Ekati Diamond Mine located in Canada’s Northwest Territories.
We have initiated coverage on Seven Group Holdings (SVW), a leading Australian diversified operating and investment Group with market leading businesses and investments in Industrial Services, Energy and Media sectors.
The recent reporting season highlighted an inventory unwind in agricultural chemicals markets and strong pricing growth in competing products for NUF’s Omega-3 product. Our $7.00ps target price remains unchanged.