Forge powers down outlook

Forge warns that it is struggling with two key power plant contracts and is preparing a revised outlook for the market. Management has requested a trading halt up to Wednesday.

Just when you thought the worst was over for the mining services sector, Forge Group (FGE) calls for a trading halt as it prepares to release what is likely to be distressing news for shareholders.

The engineering contractor has identified “concerns” about the potential underperformance of the Diamantina power station and West Angelas power station projects, which are worth around $570 million in revenue to the group.


SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles