The brokers are just saying what the company said: Calendar year 2015 would continue to be tough due to a number of projects cancelled or deferred and the fact that the new larger projects they are bidding on won't be starting until 2016.
I'm buying because:
a) There's a very good chance the contract dispute resolution will be an average outcome (with some addition to the booked profit) so that in short term we get some recovery to 40c (the shorters go elsewhere when uncertainty is replaced by the probably boring facts).
b) Regardless of a), looking past the next June End report (which will probably be uninspiring), to 2016 and expecting some solid news by end of 2015 on new projects won to start in 2016.
c) I'm comforted by the NTA.
DYOR
The brokers are just saying what the company said: Calendar year...
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Last
$3.37 |
Change
0.020(0.60%) |
Mkt cap ! $1.533B | |||
| Open | High | Low | Value | Volume |
| $3.33 | $3.39 | $3.30 | $5.853M | 1.746M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 385 | $3.36 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.38 | 21954 | 6 |
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| Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
| NWH (ASX) Chart |