FGE 0.00% 91.5¢ forge group limited

at what level can we expect the cap raise?

  1. DSD
    15,766 Posts.
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    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.
 
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