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  • Gerdau NewsAlert 23jun2008 1

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    ResearchOracle
    15 tayangan1 halaman
    On 30 may 2008, Gerdau announced a 1:2 stock split, which took effect on 20 June 2008. In view of high demand for the company's steel products, along with rising steel prices, we expect to raise our top and bottom-line estimates. Although our current preferred stock target price suggests a SELL, we maintain our HOLD rating.

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    Gerdau NewsAlert 23Jun2008 1

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    On 30 may 2008, Gerdau announced a 1:2 stock split, which took effect on 20 June 2008. In view of high demand for the company's steel products, along with rising steel prices, we expect to raise our top and bottom-line estimates. Although our current preferred stock target price suggests a SELL, we maintain our HOLD rating.

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    15 tayangan1 halaman

    Gerdau NewsAlert 23jun2008 1

    Diunggah oleh

    ResearchOracle
    On 30 may 2008, Gerdau announced a 1:2 stock split, which took effect on 20 June 2008. In view of high demand for the company's steel products, along with rising steel prices, we expect to raise our top and bottom-line estimates. Although our current preferred stock target price suggests a SELL, we maintain our HOLD rating.

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    Attribution Non-Commercial (BY-NC)
    Unduh sebagai PDF, TXT atau baca online dari Scribd
    Tandai sebagai konten tidak pantas
    dari 1

    Tel.

    +44 (0)20 7232 3090 Traded on


    AIM, London
    Fax +44 (0)20 7232 3099 Stock Exchange

    www.iirgroup.com Regulated and


    LSE: IIR authorised by

    Gerdau S.A. 23 June 2008

    Company News Alert

    1:2 stock split takes effect

    Preferred HOLD On 30 May 2008, Gerdau S.A. (Gerdau) announced a 1:2 stock split, which took effect on 20 June
    2008. Therefore, we have adjusted our preferred stock and ADR prices, which were originally
    Stock calculated for our FY 2007 update report, dated 28 March 2008. In view of high demand for the
    company’s steel products, along with rising steel prices, we expect to raise our top and bottom-line
    estimates, as well as our target price, when we revalue the company in our next full update report.
    Ticker: GGBR4.SA Therefore, although our current preferred stock target price suggests a SELL, we maintain our HOLD
    Target price: BRL23.05 rating.
    Current price: BRL38.55
    Price change since We will reassess our preferred stock rating for Gerdau in our next full update report.
    44.4%
    previous report:

    ADR BUY We continue to anticipate a significant positive currency impact on the ADR over our investment
    horizon. Therefore, although our current ADR target price suggests a SELL, we maintain our BUY
    rating.

    Ticker: GGB
    Target price: US$17.73
    Current price: US$24.22
    Price change since We will reassess our ADR rating for Gerdau in our next full update report.
    57.0%
    previous report:

    Supervisor: Bhavesh Chauhan


    Analyst: Chaitali Paul Investment horizon - short term actionable trading strategies
    Editor: James Smithies This report addresses the needs of strategic investors with a long term investment horizon of 6-12 months. If this
    Global Research Director: report is provided to you by your broker under the Global Settlement, you may now also access (free of charge) the
    Satish Betadpur, CFA short term trading outlook that we publish from time to time for this issuer, looking at the coming 5-30 days for
    readers with a shorter trading horizon. These are available online only at www.researchoracle.com.
    Next news due:
    2Q 08 results, 06 August 2008
    On 20 June 2008, a 1:2 stock split took effect, following its announcement on 30 May 2008. In line
    with this, we have adjusted our preferred stock and ADR target prices, which were originally calculated
    in our FY 2007 update report, dated 28 March 2008.

    Meanwhile, in view of rising demand for the company’s steel products, supported by the rising prices,
    we expect to raise our top- and bottom-line estimates when we revalue the company in our next full
    update report. Therefore, although our current preferred stock target price suggests a SELL, we
    maintain our HOLD rating.

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