IPS Securex - Stock calls

Date	Analyst	Code	Company	Last	Target	Call	Percent	Valuation
02/02/16	DMG & Partners	41N	IPS Securex	0.205	0.4	Buy	95.12	DCF, PER10.x FY17
08/25/16	DMG & Partners	41N	IPS Securex	0.147	0.4	Buy	172.11
10/18/16	DMG & Partners	41N	IPS Securex	0.149	0.4	Buy	168.46
12/02/16	DMG & Partners	41N	IPS Securex	0.156	0.4	Buy	156.41
02/14/17	DMG & Partners	41N	IPS Securex	0.155	0.34	Buy	119.35	DCF, PER13x FY18
09/11/17	DMG & Partners	41N	IPS Securex	0.082	0.09	Neutral	9.76	DCF