YPB Update June 2016 – Edison

  • Date: 8th June 2016
  • Category: Investor News
  • Origin: Edison

YPB Group (YPB) combines patented anti-counterfeiting technology with security packaging solutions, consulting and forensic services to help businesses protect their brands from the risks of counterfeiting and product diversion. The company recently completed a A$4.54m share placement and provided guidance to the market for FY17 profit before tax of A$5m. We have incorporated this guidance and the effect of the share placement into our forecasts, resulting in a 16.2% upgrade to our FY17 PBT. Our DCF valuation of A$0.44/share is unchanged following the upgrade and after incorporating the additional 18.91m shares on issue.

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