Again FWIW a few more notes from today’s conference call …
• Primero has moved into ‘full delivery phase’ on two large projects which are anticipated to provide a good return in the second half — Srandline is done and Covalent is nearing completion… means more revenue in second half
• In relation to the December cash balance reduction there are projects where cash conversion needed to unwind particularly at Covalent and Strandline ie receivables and variations need to be completed …
• So whilst profitability has been impacted, a number of things will improve in the second half.
• Building capacity in N America. Primero (engaged in? )US $30 million of studies which they hope to convert to significant opportunities
• (…..?-) about $75m this half - Karara and Kogan
There has beeb an increase to gearing - This is the top end of the range we want to be in so this is something we have planned to reduce.
CIVIL
• Cashflow - civil revenue increased
• Queensland urban projects also rain impacted
• The competitive landscape has lessened.
• Doing quite a lot of ECI for our clients …
MINING
• The increase is driven by Karara
• no longer at Boggabri which had quite a high margin ….Stanmore the same
• weather hopefully improving
• Drill & Blast - Greenbushes has extended the relationship .. (been there since 2010/2011)
• Also (more D&B projects) in Queensland?
• Equipment from finished projects - Boggabri and Dalgaranga
— equipment in Queensland has gone to Jellinbah
— WA equipment will be deployed at upcoming projects.
METS
• We are the leader in term of global lithium in regards ECI
"Pretty much everyone starting a project talks to us”. ( )
• New work at Pilbara Minerals
• Very positive for FY24+.
• Crushing is also very strong - news flow due in second half .
Re cash again:
• A lot going into new projects that have seen no return yet.
• NRW has a billion dollars in active tenders and newsflow is expected this half
• In forward years ’ 24, ’25, and ’26 there are a lot of opportinites.
NRW (offers?) a very broad brush . …. “Very few contractors offer what we do!
I’m very very positive about the outlook that we have going forward.”
• Guidance already locked in .
…Then the questions ….
- Forums
- ASX - By Stock
- NWH
- Ann: NRW Half Year Results Announcement
Ann: NRW Half Year Results Announcement, page-8
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add NWH (ASX) to my watchlist
(20min delay)
|
|||||
Last
$3.36 |
Change
-0.010(0.30%) |
Mkt cap ! $1.529B |
Open | High | Low | Value | Volume |
$3.37 | $3.40 | $3.33 | $3.394M | 1.007M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 11045 | $3.36 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.38 | 4370 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1485 | 3.340 |
1 | 572 | 3.320 |
1 | 2646 | 3.300 |
1 | 1500 | 3.290 |
1 | 8000 | 3.280 |
Price($) | Vol. | No. |
---|---|---|
3.400 | 28550 | 3 |
3.410 | 1500 | 1 |
3.420 | 2100 | 2 |
3.430 | 2000 | 1 |
3.440 | 13400 | 3 |
Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
Featured News
NWH (ASX) Chart |