Forge Group’s return to listing produced one of the largest single day price falls in ASX history.
On Monday 2 December we published a blog post detailing the events that unfolded at FGE. Click here to read the article.
Over the course of this week Skaffold has worked closely with our data provider, Thomson Reuters, to ensure the four analysts contributing forecasts to Skaffold for Forge update their 2014, 2015 and 2016 estimates as soon as possible.
Also over the course of this week Skaffold’s intrinsic value has been revised down to reflect the new information available.
On 4 December FGE responded to an Aware Letter issued by the ASX.
This morning the updated estimates resulted in FGE’s 2014 forecast valuation declining to $0.00. 2014 earnings per share estimates for FGE now range from $0.15 to -$0.96.
*Update, 10th December 2013* Over the weekend Forge's forecasts were updated again by analysts, raising the 2014 forecast of estimated Intrinsic Value to $0.79. Both analysts currently covering FGE are forecasting EPS of $0.15 for 2014 but are no longer forecasting a dividend.
Please note that analyst forecasts can be updated at any time as new information comes to hand or analysts review their expectations.