FGE 0.00% 91.5¢ forge group limited

foster stockbroking meeting with fge, page-2

  1. 1,248 Posts.
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    Thanks tszyu... this part in particular was music to my ears:

    It will not be case of growth for growth’s sake, and Forge is prepared to return to capital to shareholders if no satisfactory acquisitions are identified.

    That is around $2 per share cash coming our way if they do not identify a potential acquisition approximating equal or better than current returns on equity (which are very good!).

    In other words, you can get on board for about $3.50 per share at the moment (if $2 p/s returned to shareholders) and enjoy the upside in the current business, or for around $5.50 per share and see the returns amplified by a very good acquisition. It is managers thinking like this that we want running our business.
 
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Currently unlisted public company.

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