it is consolidating.
cba should put a floor under the sp which is a great start.
the sell down in mining services has been devastating for the whole sector. they now need to focus on govt infrastructure which will begin ramping up & is their immediate future.
the middlemount contract provides outstanding cashflows for a company of this size. hopefully a positive outcome with samsung will see all net debt wiped out and a clean slate from which to grow.
it is almost a start up all over again but they own $100 million + of equipment.
i wouldnt be surprised to see a company like DOW size this up for a takeover. some of NRW's completed work is testament to their quality and the fact they are 1 or 3 left standing for the $2 billion perth airport rail link (leaving the likes of LLC in their wake) is further evidence that this is a legit company.
patience should be rewarded for those buying at or near these levels imho.
it is consolidating. cba should put a floor under the sp which...
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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 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| NWH (ASX) Chart |