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I see your point about getting that cash to work but I am much happier fot FGE to wait for the right fit. ROE is still ~40% even with that extra cash sitting on the ballance sheet.I am more than happy to give FGE the benifit of time to find the right aquisition but would prefer them to pay out the money instead of making a overpriced takeover. The Australian market will not boom forever. The Webb result was explained away due to "project run off". Webb has recieved letters of intent for approx $10m of work in Sierra Leone when you compare this to revenue for the half year off $1.36m I am happy to give them some time.
I see your point about getting that cash to work but I am much happier fot FGE to wait for the right fit. ROE is still ~40% even with that extra cash sitting on the ballance sheet.
I am more than happy to give FGE the benifit of time to find the right aquisition but would prefer them to pay out the money instead of making a overpriced takeover.
The Australian market will not boom forever. The Webb result was explained away due to "project run off". Webb has recieved letters of intent for approx $10m of work in Sierra Leone when you compare this to revenue for the half year off $1.36m I am happy to give them some time.
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