2022 General News etc, page-276

Hi all,
and Motley has a story on NRW quotint  Wilson’s senior analyst, Shaun Weick
… that I like
Unless Weick  rhymes with ‘eek’ in which case ;
‘This story did I seek
For it  notes NRW is unique”


cheers

[ see on Fool website ]

….. Upside to 2023 guidance
Wilson senior equity analyst Shaun Weick likes the indirect resources exposure of NRW Holdings Limited (ASX: NWH).

“Mining services is back!” he said.

“FY 2022 results came in at slightly ahead of expectations and really reflects the worth of the COVID impact being behind these companies.”

In Weick’s view, the outlook for commodity demand remains strong.

“Order books are full, which provides good visibility. We see upside to the FY23 earnings guidance.”

In a tough year, the NRW share price is amazingly 29% higher than where it started in 2022.

Weick also feels the business is in a healthy state financially.

“The balance sheet is net cash, and valuation is screening compelling.
We think it’s a buy.”