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Forge Group

This tag is associated with 5 posts

15 Feb 2014 (AFR) – Acquisitions, integration and the fall of Forge Group

(15 Feb 2014, AFR, p35, Joyce Moullakis and Brian Robins) ‘The collapse of Forge Group this week entangled a host of Australia’s biggest names, who were left wondering how the mining services and contracting company’s numbers were so wrong. Lender ANZ Banking Group, billionaire Gina Rinehart, insurer QBE and big name money manager BlackRock were among … Continue reading

14 Feb 2014 (AFR) – Forge Group shareholders threaten legal action

[COMMENT: This situation is a good warning to all those investors who continue to have faith in a company when there are signals that the market has lost faith. A faltering and falling share price is one just warning. We don’t lend our hard-earned money to companies so they can make it disappear – we … Continue reading

12 Feb 2014 (AFR) – Forge in trading halt after lenders withdraw

(12 Feb 2014, AFR, p12, Brian Robins, Max Mason, James Eyers) ‘Financiers of struggling mining services provider Forge Group have withdrawn their support, signalling a deepening of the financial difficulties facing the company and putting its future under a cloud. As a result,it has sought a suspension of trading in its shares on the sharemarket.’ … Continue reading

30 Jan 2014 (TheAge, SMH) – Third profit warning sees Forge effectively put on the market

(30 Jan 2014, The Age, BusinessDay, p21, Max Mason, James Eyers) ‘Mining services provider Forge Group has effectively put itself up for sale after issuing its third profit warning in two months. After blaming a faster than expected slowdown in the mining service ­market on Wednesday, Forge warned it would deliver a loss this year … Continue reading

29 Jan 2014 (TheAge) – Dividends unlikely to compensate for the pain if share prices tumble – Your next move when share prices tumble

[COMMENT: This is a very important consideration for all investors who ignore severe share price movements, and continue to hold their beloved shares with the view that they are holding for the dividend, and that the dividend will compensate for any capital loss as the share price falls. Well, we have some bad news for … Continue reading