FGE 0.00% 91.5¢ forge group limited

wow...hammered, page-6

  1. MJS
    2,280 Posts.
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    In the medium to long term share price always follows business performance.

    If in 2 years FGE still has $2B pipeline, and is generating profits of $75M+, subject to markrt conditions there's a reasoable chance share price will be higher.

    My thoughts, right or wrong, is perceived contract risk (40% pipeline one contract) with lack of material contracts apart from that. Think about this: FGE purchased $300M+ contracts in the USA, won $800M Roy Hill. Take these 2 away and pipeline has fallen.

    Yes, they are there. But the market wants to see more, and diversified risk, well so I believe.

    Mjs
 
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