re: Ann: Forge Group Joint Venture Secures $1... Net margin (pre...

re: Ann: Forge Group Joint Venture Secures $1... Net margin (pre tax) last year was about 9%, so it might be that FGE makes about $50m after tax on this one in the likely event it goes through. (I'm sure they will be aiming for a higher profit).

With the order book at $2.1b, FGE might have about $100m NPAT or more coming through at that net margin.

Funny that total revenue was about $1b for FY13, and now they have nearly that much in one contract.

There was a rumour on AFR about FGE eyeing potential takeover targets on the Aus East Coast or US. They might need to get in quick as the whole sector is severely undervalued, but it may not last.