Consistent with our assessment of value on a 2 year view, we maintain our Positive view and view further weakness as a buying opportunity.
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Seek Limited (SEK) - FINDING VALUE AMIDST THE UNEMPLOYMENT FOG
We upgrade our recommendation to Positive (was Neutral).
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Seek (SEK) - Time Is On Your Side
Despite supportive valuation metrics, we maintain our Neutral view.
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Seek (SEK) - Stuck in a reinvestment phase
We maintain a neutral recommendation on SEK with the stock trading at fair value with downside risks apparent – Difficult outlook for high margin SME employment with cyclical volume recovery likely to stall in FY12- 13, offshore investment value realisation is +2yrs away.
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Seek (SEK) - Bad Apple Spoils Great Core
Share price has recovered to fair value territory, Education is likely to remain a drag on Group performance & near term catalysts are lacking - we downgrade to a Neutral recommendation.