I listened and heard nothing to concern me, in fact the opposite. I was very satisfied with the response on the Primero contracts and believe now we should have celebrated the recent announcement more upon its release.
I think analysts are struggling to map out a growth story as most of their questions related to “what’s stopping more growth?” and what I heard from Jules is “NRW’s focus is now on improving margin from work on hand and responsibly growing the business, not chasing growth for growths sake.”
Everything lines up for strong and consistent growth in earnings and good cash collection. Jules stated a few times that the risk profile of the business is now greatly improved which is a great story. DYOR
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