I am burnt too, but I will hold to the NWH shares I have. Here is why:
About 2 weeks ago WDS announced losses of ~ 11m. They fell 36% from 29c then but after that they kept RECOVERING price losses, and are back to 28.5c now. And NWH actually do not have losses - they have profits, lower but profits. Market is insane indeed. Examples to compare price actions (not businesses):
- NTC keeps loosing money for 20 years and is ~ 400% up in the last 2 years, and up unbeliavable 1000% since 7 years ago.
- QAN in Aug14 announced biggest losses in history and is up more than 30% since then.
None of them pays dividends, NWH started paying quite nice DIV in 2011. Get figure...
Ann: NRW Holdings Operating Update, page-14
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Last
$3.29 |
Change
-0.040(1.20%) |
Mkt cap ! $1.497B | |||
| Open | High | Low | Value | Volume |
| $3.28 | $3.29 | $3.24 | $2.811M | 857.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2035 | $3.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.29 | 5740 | 1 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| NWH (ASX) Chart |