Ann: Earnings Guidance Update , page-32

Wow so much fear in this stock due to an earning downgrade...probably the worse I seen in many years for a sound company.....
came on my radar today ...I can't work out the logic for stampede out ..apart from fear and margin call...
someone can make a lot of money out of this when the market calm......

1. Stock IPO 15% not because holder want to sell out but to access capital market, expand and diversify business

in my book that is a good way to go IPO

2. It acquired GS engineering and do exact what it want to do as the reason for going IPO

3. The majority of holder wealth still ties in the stock, it is in their interest to see this
business prosper....their 15% IPO money most of that goes into acquiring GS Engineering...

4. Their balance sheet is sound.....

I like what I see and bought at 43c ....like FGE trading around a $1 during GFC...