Sep 17th 2013 - Edison Investment Research today published a report on Rubicon entitled "Strong Progress From Both Tenon And ArborGen". In summary, the report says:
FY13 saw Tenon and ArborGen improve their financial performance and put in place banking facilities for their next growth phases. These results reinforce our view that Rubicon’s (RBC) share price understates the underlying value of its investments – worth c NZ$0.90 per share – and we expect to see this discount narrow over time.
Edison Investment Research is a leading international investment research company. It has won industry recognition, with awards both in the UK and internationally. The team of 95 includes over 60 analysts supported by a department of supervisory analysts, editors and assistants. Edison writes on more than 400 companies across every sector and works directly with corporates, fund managers, investment banks, brokers and other advisers. Edison’s research is read by institutional investors, alternative funds and wealth managers in more than 100 countries. Edison, founded in 2003, has offices in London, New York and Sydney and is authorised and regulated by the Financial Services Authority (www.fsa.gov.uk/register/firmBasicDetails.do?sid=181584). more »