External broker reports(aggregated public sources), Canaccord Genuity

Canaccord Genuity

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External broker reports(aggregated public sources)

Equity Bottom-Up

<div><div><div><div><ul><li>A leading player in the Circular Economy, Close the Loop Ltd (CLG-ASX) is involved in several verticals, including sustainable packaging, printer cartridge recycling, and, most compelling to us in terms of the opportunity, the repurposing of personal and enterprise electronic equipment for OEMs.</li><li>The business is free cash flow positive and trades on very modest valuation metrics, leading us to initiate with a BUY rating and $0.65 per share target price.</li><li><div><div><div><div><p>CLG's business is centred on circular economy solutions and operates through two divisions, Packaging and Resource Recovery.</p></div></div></div></div></li></ul></div></div></div></div><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

A leading player in the Circular Economy, Close the Loop Ltd (CLG-ASX) is involved in several verticals, including sustainable packaging, printer cartridge recycling, and, most compelling to us in terms of the opportunity, the repurposing of personal and enterprise electronic equipment for OEMs.The business is free cash flow positive and trades on very modest valuation metrics, leading us to initiate with a BUY rating and $0.65 per share target price.CLG's business is centred on circular economy solutions and operates through two divisions, Packaging and Resource Recovery.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Close the Loop Ltd - Squaring the Circular Economy

Close The Loop Ltd

Close the Loop Ltd - Squaring the Circular Economy