Personally I don't think the market will like it. No increase to the dividend, reduction in cash, worse second half (although I guess it was expected) and lack of clarity in relation to coming years. Management I feel are being very coy about where and when future revenue will come from. They say order book is $1.3m, but no clarification on which years it will fall into. Just my view. Will still hold. I think it is becoming clearer that going forward around $6 is a good sell and it will struggle to break its all time high.
FGE Price at posting:
$5.25 Sentiment: ST Buy Disclosure: Held
