Not much joy in this report.
The fall in the order book is probably predictable however the double whammy is the decline in margins which indicats to me immense competitive pressure amongst the service companies and a bleak short-term outlook.
I am a believer in a second commodities boom when the major world economies experience synchronised growth (not far away now) however there will definitely be a very tight period in between and its best to wait on the sidelines.
Ann: FY2013 Results Media Release , page-8
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Last
$3.91 |
Change
0.020(0.51%) |
Mkt cap ! $1.787B | |||
| Open | High | Low | Value | Volume |
| $3.88 | $3.93 | $3.86 | $2.675M | 685.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 318 | $3.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.92 | 5228 | 3 |
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| NWH (ASX) Chart |