Interesting dynamic here, almost no one in profit territory and yet reading through the research report it appears the company is in it's best shape in it's history.
"Strong project pipeline of US$700M, with 20% due for investment decision in the next 12 months".
Recent $5M signing with the NT gov, potentially another in the pipeline with the Townsville contract (although not holding my breath anymore), Nematiq commercialisation kicking off, proven HIROX/BIONEX/EVAPX tech with succesful delivery likely leading to other suitors jumping on, plus 5 year NESR promotion agreement to boot.
I guess the market wants more contracts - and could be some concern around depleting cash. Seems not much credit being given atm
Way undervalued, page-47
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| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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