The presentation and commentary highlight what a capital intensive, complex, relatively low margin business segment we operate in, with lots of variability and things that can go wrong out of our control - ie weather. All in all its difficult for this business to get re rated to a higher PE multiple, and growth in Earnings requires large revenue gains which sometimes requires significant capital.
This isn't a space for the feint hearted.
Bottom line - I can't see this getting to the $4 sometimes talked about here in the short to med term. I think anything above $3 in the short term is fair value. Today's low appears to be an attractive buy however for those that jumped in or topped up.
Ann: NRW Half Year Results Announcement, page-3
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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 |