re: Ann: Taggart Global Preferred Contractor ... I'm with Veecat. ASX littered with corpses of companies that acquired too fast. e.g. TSE. It is riddled with danger. We are in the midst of a huge downturn for engineering industry worldwide. Nowhere more than here in Oz with capex falling rapidly from here on. Only massive LNG plants have kept the figures from being far worse. So i feel FGE should keep its powder dry and when time comes... maybe 12 months.... pickup an ultra bargain that is in a sector providing repeatable sustainable returns. Meanwhile a 10-20c div sounds good. If SP drops below 43.80 then i too support a buyback. Meanwhile company looks healthy and SP has steadied.
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