So just to reinforce where NRW was pricewise in 2011 at the...

So just to reinforce where NRW was pricewise in 2011 at the interim report and what was supporting this price compared to our most recent interim report ;

23/02/11 - NWH price $2.44 (20/02/19 - closed at $2.28)
Revenue of $358.3 million
o EBITDA of $48.5 million, 13.5% of revenue
o EBIT of $32.0 million, 9% of revenue
o Net profit after tax of $20.4 million, 5.7% of revenue
o Strong cash position of $40.9m.
o Interim dividend of 4 cents per share.
o Net Debt / Equity of 8%

20/02/19 - closed at $2.28
Revenue of $522.6 million
o EBITDA of $74.4 million
o EBIT of $50 million
o Net earnings $28.1 million
o Cash holdings $82.7million
o Net debt /Equity of 4.3% (gearing?)

So @Salvatore01 ’s post on th Vinva thread put all the numbers where they should have been and it would be interesting to see how someibe e who understands their estimates them to current statistics




BEHIND THE SCENES :
At start of 2011 Jules had been at the helm only six months .
CFO Andrew Walsh wasn’t on board .

To a large degree the team then was NOT the same one as the tight knit* group of people who banded together, stayed the distance and came  through  very bad years late 2014 to late 2016  ( *I make the presumption because the company got through this period)..and who have worked together in a united front since then to put NRW into the leading position it holds today .

Here’s a few stories and links that have surfaced about some of the changes.


https://thewest.com.au/business/finance/ex-nrw-trio-accused-of-fraud-ng-ya-359349
https://thewest.com.au/news/wa/nrw-appoints-rcr-man-as-cfo-ng-ya-361437
https://thewest.com.au/news/wa/scee-names-nrw-man-as-md-ng-ya-147000
https://www.bloomberg.com/research/....asp?personId=25241081&privcapId=38925325
John Cooper served as a Non-Executive Director of NRW Holdings Limited from March 29, 2011 to November 23, 2015. has He has been chairman of SCEE from March 2011 until May 2015
https://www.bloomberg.com/research/stocks/private/person.asp?personId=29461755&privcapId=208617663&previousCapId=108957374&previousTitle=Aurizon%252520Network%252520Pty%252520Ltd
https://www.businessnews.com.au/Person/John-Cooper
https://thewest.com.au/news/john-cooper-ng-ya-270786


There is no doubt in my mind that, whether we have more shares and more divisions or not, the company that NRW is today is leaner, harder, wiser and better in every way than ever before and that the leaders intend it to stay that way...