Forge and David Simpson discussed/quoted in the weekend fin review.
I will write out the discussion below
Other contractors see opportunities opening up as the resources market restructures. David Simpson, a former UGL executive who is now CEO of Perth-based Forge Group, argues that the company's business model, which avoids use of sub-contractors to provide services directly to clients, will stand in good stead as clients demand more control over services.
"What we're seeing in the market is a change from engineering, procurement, and construction management (EPCM) - the big engineering contractors who run projects - to engineering procurement and construction (EPC) direct delivery," he says. "A lot of our clients are now coming to us direct".
Continued positive tone from FGE. I'm going with no profit downgrade from FGE.
FGE Price at posting:
$4.17 Sentiment: ST Buy Disclosure: Held
