FGE 0.00% 91.5¢ forge group limited

insider trading

  1. 3,654 Posts.
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    well well well.

    Look at the announcement which just came in. Explains why this lost 5% from the SP in the last few hours of trading on Friday. Insiders at their best.

    Following its internal monthly reviews and quarterly financial re-forecast, Forge has
    identified concerns in relation to potential underperformance on the Diamantina Power
    Station and West Angelas Power Station projects that were acquired as part of the CTEC
    acquisition in January 2012. Forge is requesting a trading halt to enable it to clarify the
    position in relation to these projects and to prepare and provide to ASX an update on its
    earnings guidance and outlook for the financial year ending 30 June 2014;
    (b) Forge wishes the trading halt to remain in place until the earlier of such time as it makes an
    announcement to the market in relation to the guidance for the financial year ended
    30 June 2014 and the commencement of trading on Wednesday, 6 November 2013; and
    (c) Forge is not aware of any reason why the trading halt should not be granted or of any other
    information necessary to inform the market or ASX about the trading halt.
 
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Currently unlisted public company.

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