Oops ...I was leapfrogging as well.
I missed some of the news timeline in 2011 - the year where prices were equivalent (and higher ) but many other things were weaker .
The comparison (to me ) so far clearly shows the stronger position NRW is in today.
Please note the executive appointment which happened at the end of March 2011;
30/03/11... Price $2.87 ......Appointnent of John Cooper as non executive director
here.
John had, just three weeks earlier, on March 9, been made chairman of Southern Cross Electrics (
https://thewest.com.au/news/wa/tomasi-stands-down-at-southern-cross-ng-ya-177828)
He quit SXE four years later on May 7, 2015 (
https://www.businessnews.com.au/article/SCEE-directors-walk-out-on-restructure..).just three weeks after he was appointed to the board of UGL (
https://www.asx.com.au/asxpdf/20150415/pdf/42xwzst0plxzl9.pdf.) however he remained at NRW Holdings to November 23, 2015 .
(The price was around 23c when he resigned
View attachment 1468067
and was about to get much worse ...
Also there was plenty of activity in MAY 2011 with major shareholders before the BHP $158M contract on May 18.
Including UBS skipping in in May 17 and then out again before the previously posted major shareholder notice on a May 30
So to revisit the past :
MAY 2011:
3/05/11 ..$2.70 ...... CBA back on again with 5.33%
4/05/11 ...$2.70 ....AMP increased to 9.76%
17/05/11 ....$2.62 Northcape became a substantial holder - 5.03%
17/05/11...$2.62..UBS also on board with 5.04%
18/05/11 ..$2.62 ..UBS is off the substantial holder list
18/05/11..$2.62 - CONTRACT AWARD ...the $158 million BHP Goldsworthy to Finucane Island Rail Duplication earthworks; the Mooka Access Road and Mooka Marshalling Yard.
30/05/11 ...$2.86 ..Aviva Investors is off the substantial holder list
30/05/11...$2.86 ...UBS is back on it
JUNE 2011
3/06/11 - NRW on ASX200 (as posted above )
8/06/11 ..$2.83 ....Northcape no longer a substantial holder
21/06/11 ..$2.56 ...FRAMEWORK AGREEMENT : a $260 million indigenous JV agreement with Rio for the Pilbara
here
24/06/11 - price $2.64 Macquarie announces it’s back with 5.04%
27/06/11 ....$2.66 ......AMP increased to 10.83%
28/06/11 ..$2.70 - UBS ceased to be a substantial holder
July preview:
(01/07/11 - $2.73 -......Macquarie was out again )
(20min delay)