NWH 2.26% $3.46 nrw holdings limited

2022 General News etc, page-87

  1. 18,606 Posts.
    lightbulb Created with Sketch. 3894
    Hi everyone…
    The Mineral Resources H1’22 report was published this morning and the negative forecasts from Goldman Sachs in my post a couple of days back came true. Price dropped about 10%.
    Market Cap at $9.8b now less than lithium solo PLS (MC $9.9b).
    “MinRes said the gains were offset by a 60 per cent spike in production costs, including higher royalties inline with better prices and “substantially higher” shipping and haulage costs.” [link]
    … and no dividend to keep the big ones over there loyal.
    (Not that they are anyway.)

    Is MND - the other subject to that story even now quaking in its’ price boots?
    It is down today -  but by less than 1%.

    And here at the beloved company?
    Trade ticking along in low gear with volume currently around 400,000 for a vwap of about $1.69.

    Results tomorrow week ie five trading days from now .

    My ‘big thinks’ of the day are that:

    1) — as we don’t pay royalties or have haulage imperatives any cost hits are likely to be ‘just’ labour based.(???)

    2) — NRW unlikely to cut dividend as the decision to set one was only made last year (“dividend payout ratio of between 40% to 60% of Normalised Net Earnings [ref]) but it might be low?

    3) — When is the best strategic time to confirm the Curragh contract? Before or after the results?

    4) — I approve of the price being worked up at present I would like it to go higher (so as to create ‘fat’ to take a fall next week or a springboard from which to bounce higher).

    All comments welcome

    cheers
    Last edited by sabine: 09/02/22
 
watchlist Created with Sketch. Add NWH (ASX) to my watchlist
(20min delay)
Last
$3.46
Change
-0.080(2.26%)
Mkt cap ! $1.574B
Open High Low Value Volume
$3.54 $3.54 $3.45 $2.677M 768.5K

Buyers (Bids)

No. Vol. Price($)
2 4326 $3.46
 

Sellers (Offers)

Price($) Vol. No.
$3.47 1441 1
View Market Depth
Last trade - 16.10pm 04/09/2024 (20 minute delay) ?
NWH (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.