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.
- Forums
- ASX - By Stock
- FGE
- foster stockbroking meeting with fge
foster stockbroking meeting with fge, page-2
-
- There are more pages in this discussion • 30 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FGE (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online