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Business Description: Forge Group Limited (FGE) is Engineering, Procurement and Construction (EPC) service provider delivering end-to-end EPC turnkey solutions to the power and infrastructure, minerals and resources, and oil and gas sectors in Australasia and Africa. FGE’s head quarter is located in Perth, Western Australia. FGE consists of four business units: Forge Group Minerals & Resources, Forge Group Power, Forge Group Construction and Forge Group Asset Management.
Strategy Analysis: FGE aims to offer cost effective and integrated contracting to clients, limiting the number of contractors on site.
Forge Group reported NPAT up 60% to $33.92m for the half-year ended 31 December 2012. Revenues from ordinary activities were $502.93m. Diluted EPS was 39.36 cents compared to 24.73 cents last year. Net operating cash flow was $78.59m compared to $27.76m last year. The interim dividend declared was 10.0 cents, compared with 6.0 cents last year. The order book (yet to be recognised as revenue) as at 23 January 2013 was $1,038m compared to $971.0m as at 30 September 2012.
The Age 19/06/2013 |
The bullish sentiments on the sharemarket earlier this year have been challenged by a correction that has taken the All Ordinaries Index down about 10 per cent from its May highs. Many investors are now asking how deep the current correction is likely to be.
The Age 19/06/2013 |
Done well, value investing is a successful, safe way to invest. The logic of the approach - buying an asset for less than its underlying value - is irrefutable.
The Age 19/06/2013 |
Snowballing debts and no means to repay them ... going bankrupt is the last-ditch option for those in a financial hole too deep to climb out from.
The Age 19/06/2013 |
One of the weapons an individual has over institutions is time, and with real value emerging at the micro-cap end of the market, smaller stocks are an area worth holding on to.
The Age 19/06/2013 |
Spending 10 days in Japan gives one a good overview of what they call "Abenomics" and its impact, and that includes also being here for one of the biggest drops on the Japanese market in weeks.
The Age 19/06/2013 |
Lend Lease has moved to allay investors' concerns with the issue of a formal profit guidance of between $540 million and $550 million for the full year, despite the weakness in the construction sector.
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