Excellence on the move Jules Pemberton is exceptional and you...

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17/10/18

01:09

Post #: 36148733
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Originally posted by sabine: ↑

HI like the sound of doubled revenue and record order book .

....and the expectation of more dividends ( here we are meanwhile back under $2 with 2c dividend due (recorded tomorrow?) representing 1.8% return according to CommSec.
ps this is probably around the average price our newest substantial holder, Paradice, entered.

...and the expectation string growth FY 2019 and increasing work over the next five years

Excerpts from Chairman’s Report:
.....
“NRW delivered $754.3 million in revenue, which is double that of the previous year, and grew the order book to a record $2.2 billion at July 2018. Net profit after tax increased by 48% from the previous year to $42.2 million.

......

I would also like to thank our shareholders for their ongoing support this year and for the continued confidence placed in NRW. The Board has agreed to reinstate the payment of dividends by approving the payment of a fully franked final dividend for FY18.
The Directors have determined the dividend based on the Company’s liquidity profile over the next financial year and expect to be in a position to announce further dividends for the new financial year.

NRW is well placed for further growth in the next financial year due to our record order book and a strong tender pipeline of circa $6 billion. We remain confident in increased activity levels in the resources and infrastructure sectors for the next five years.”
.......

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Excellence on the move

Jules Pemberton is exceptional and you mentioned his crew. They are all brilliant.

Im a bit gone on engineering so was fleetingly hoping for a picture of the bridge at Hardwood just out of Grafton.The cranes are massive. Its not finished yet so i guess I may have been a bit presumptuous on that one.

Cheers

NWH Price at posting: $1.96 Sentiment: Hold Disclosure: Held
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0 Great analysis

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