WISR Ltd V.WZR

Primary Symbol: WSRLF

Financial Services Credit Services

Wisr Limited is an Australia-based neo-lender company. The Company provides a collection of financial products and services. The Company is engaged in writing personal loans and secured vehicle loans for three, five and seven-year maturities to Australian consumers, and funding these loans through the warehouse funding structures. It provides a Financial Wellness Platform underpinned by consumer finance products, the Wisr App. The Wisr App helps Australians pay down debt, multiple credit score comparison services and Australia’s first money-coaching app Wisr Today. Combined with content and other products that use technology to provide better outcomes for borrowers, investors, and everyday Australians. The Company’s products include loans, credit scores and round up. Its credit score is a summary of financial habits, and helps lenders get to know its customers. Its loan products include debt consolidation loans, car loans, medical loans and others.

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WISR Ltd > Analyst Opinion on New Strategic Direction -BUY $2.25 target

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Post by i-Investon Mar 22, 2014 10:16am

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Post# 22355411

Analyst Opinion on New Strategic Direction -BUY $2.25 target

Hi All, following the latest NR and new Strategic direction of WZR as a producer rather than explorer, it is interesting to note the analysts take on things :-

David Dudlyke, Dundee Capital Markets (3/13/14) "WesternZagros Resources Ltd. is fully funded to cover the revised 2014 capital budget of $70M. . .development at the company's giant Kurdamir discovery production facilities is already in place, and a workover of the Sarqala-1 well is underway and expected to double well production capacity from 5 Mbbl/d to 10 Mbbl/d. The company and its JV partner Gazprom Neft expect to submit a development plan for the Garmian Block to the Kurdistan regional government by June 2014 and upon approval expect to commence initial production in H2/14. . .we reiterate our Buy recommendation and CA$2.25/share price target."

David Popowich, Macquarie Capital Markets (3/14/14) "WesternZagros Resources Ltd. has placed strategic focus on development of the Kurdamir and Sarqala discoveries. . .its partners are preparing to test the Hasira-1 well after initial results confirmed light oil in the Jeribe reservoir. . .the company is funded for 2014, with the focus now on development. . .we believe significant valuation uplift remains in the conversion of the Kurdamir and Sarqala resources into reserves, as the firm has retained its highest-value acreage."

I've been long on this since summer 2011 - i just topped up as i sense we are near the bottom and plan to hold until late 2015/ early 2016 and see where we are.

Good luck to all Longs!