FGE forge group limited

most expensive ms on asx - 3+ x nta, page-8

  1. 7,560 Posts.
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    The cap raising will surely take price down to low $1?

    The jump has surprised me but this is a day traders stock now.

    it reacted to Roy Hill news as though investors didn't even know about this contract as well, wouldn't surprise me if many didn't!!

    My thoughts rest with will they pay a dividend anytime soon?
    Will they win substantial work beyond 2015?
    What margins are they signing these current contracts on?

    Some people are writing on here boasting about a $40 million dollar contract but this may only represent $2-$4 million NPAT with a multitude of risks along the way.

    Way too many risks for mine to warrant a SP near $2.

    Which begs the question is an MND type just mopping up shares on market to end up with 75% held at low entry prices?
 
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