Hi Steve,
Thanks for that link which has both the Forager video and full transcript.
As per @pbawley comment abovem Jules has twice mentioned claims.
The May 6 (?) Euroz Hartleys analysis also said in regards unexpected Covid cost blow outs (which I think were reckoned at $70m in the H1 results), NRW has made claims on clients that Euroz expects will be paid.
Their report said the market was waiting on positive news these claims were progressing.
-So all may not be lost in regards past and even current contracts.
And Jules said somewhere that new contracts are priced to meet current market conditions.
As I presume any claims may be towards achieving a break even position rather than adding to margins I guess you are right on the timing ?
cheers
PS pbawley you think clients may just ditch NRW’s claims rather than paying them ?
That is disrespectful :/
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