COCHLEAR (COH) Interim result-benefits from new product launch and favourable FX movements
COCHLEAR (COH) Interim result-benefits from new product launch and favourable FX movements. Net operating cash flow up 168% to $89.9m. Dividend is 29% below pcp but consistent with August/October payout guidance of approx. Outlook: No quantitative guidance provided but expects ongoing steady progress including in H2 F15. Today's share price reaction: Down 0.3% to $87.36 (10.25 am). Sell rating likely to be retained. Read more (VIEW LINK)
Bell Potter Securities is a leading Australian stockbroking, investment and financial advisory firm that provides a comprehensive offering of financial services to a diversified client base that includes individuals, institutions and corporations.