jb.... i wish you well. FGE is such a shambles atm anything is possible, but i remain convinced that this time the SP will not rebound very strongly as happened in late Dec. Mr Mkt is often a slow learner but i sense that this time he has lost faith in FGE and the large vols seen since suspension was lifted will dissipate and firm will attract much interest. I said in an earlier post it could end up around 45c and muddle up&down around this level. With no possibility of divs for next 2-3 yrs, with margins under continuing squeeze, with general economy weak etc.... i feel many holders (incl. many today) have said 'enough' and exited, never to return. In one way FGE's collapse has been of benefit in that it has forced mkt to re-examine many other engineering firms esp those in construction sector. FGE has demonstrated how rapidly things can go wrong and retail investors need minimal risk with their savings. Some readers entered this stk at $6. Imagine how they feel esp with lack of accountability from those responsible. I know many margin holders were closed-out at 30c and some even less!! FGE should be compulsory study material for anyone thinking the ASX is a straightforward animal. Probably my last post re FGE. Can't see much point in continuing to follow closely. GLTH.
FGE Price at posting:
68.0¢ Sentiment: None Disclosure: Not Held
