A week ago a few of us had a stab at what level the SP would fall to once the mkt for FGE shares re-opened. I suggested 3.00-3.30 range. But since then news is through that a CR will be announces... despite FGE holding considerable levels of cash. Of course devil is in the detail, but anyone want to have a punt re level the CR will be sold to instos/holders? I reckon $3.00. Almost invariably SP falls away to level at which CR occurred. IMO a CR below $3.00 will indicate substantial mismanagement of key contracts. Newbies should stand aside and let dust settle. Hopefully FGE will spell-out situation in detail and with clarity re the numbers. ASL gave their holders a figure for FY14 NPAT.
- Forums
- ASX - By Stock
- FGE
- at what level can we expect the cap raise?
at what level can we expect the cap raise?
-
- There are more pages in this discussion • 138 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)