CLO FGE

re: Ann: CLO: Sale of Shareholding in Forge G... Macquarie don't...

  1. iamtheoracle
    1,710 Posts.
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    25/03/13
    11:19
    Post #: 11582180
    re: Ann: CLO: Sale of Shareholding in Forge G... Macquarie don't own any interest in Forge Powertool? Am I missing something here? All they're doing is selling Cloughs' stake on the market.

    This is great news as it will free up liquidity and allow FGE to trade at a p/e in line with its peer- which is much more than the 8x p/e it currently trades at.
    FGE Price at posting: $6.28 Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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