re: Ann: CLO: Sale of Shareholding in Forge G... Nothing to be worried about willpies- because MND were trading at a p.e multiple of 17 and had lots of growth priced into their share price- whereas Forge are trading on a p.e multiple of 8- which means no growth is priced in- and in fact that multiple says the businesses earnings are a high risk- which they aren't because FGE is uniquely diversified and targeting contracts lower than $1bn- of which there are plenty of.
Only thing that worries me is a general market pull back due to the Cyprus situation- but all stocks will fall as a result of that. Question therefore is whether to be in the stock market at all at the moment
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