CLO FGE

re: Ann: Forge Target's Statement and Ind... 28 to 30 Million...

  1. browny144
    227 Posts.
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    14/04/10
    16:19
    Post #: 6573306
    re: Ann: Forge Target's Statement and Ind... 28 to 30 Million Full Year NPAT is around the 35 to 38 cents per share mark for 79M shares...after the gift to Clough.

    On a multiple of ten thats $3.50 to $3.80.
    Times 14 is around the $5 to $5.30.

    Companies with high Returns (Forge's forecast is 40%+ for ROE) often trade on higher multiples.

    Great opportunity.
    FGE Price at posting: $2.90 Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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