Ann: Trading Update & Dividend Date, page-24

Hi Prospecta.... UBS part-organised the cap raise for NRW to essentially double in size when it acquired BGC Contracting late last year..

Then, interestingly, AFR reported on March 29;
.. “Two weeks back, mining services contractor NRW Holdings was one of several companies fingered by UBS' Paul Winter as most likely to suffer debt stress caused by an extended economic downturn, a claim dismissedby the company...” https://www.afr. com/rear-window/nrw-holdings-chief-sold-shares-before-dividend-deferral-20200329-p54eyl

The slur was considered serious enough for NRW to issue this Response to Media Report which it has reconfirmed (with bells on) today.
....after a while (when it had finished acquiring?) it upgraded the company again.

I wonder if it was one of the big sellers today?

Anyway congratulations to you, and to all recent new owners of this excellent and trafitionally rewarding business

cheers