Business Services Industry
Kaz strikes new low.
Australasian Business Intelligence, August, 2002
Aug 08, 2002 (The Sydney Morning Herald
ABIX via COMTEX) -- Kaz Group's share price hit a new low of $A0.225 in early August 2002. The share price fall came after some analysts questioned the carrying values of Kaz's software assets and executive share schemes. Despite this, JP Morgan has retained its "buy" recommendation on the stock, while Commonwealth Securities has increased its recommendation from "hold" to "buy". It says the Australian information technology outsourcing group is still generating positive cash flow and is expected to report a $A10m full-year net profit.
Publication Date: 9 August 2002
KAZ GROUP LIMITED - ASX KAZ: JP MORGAN AUSTRALIA LIMITED: COMMONWEALTH SECURITIES LIMITED: COMMONWEALTH BANK OF AUSTRALIA
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