The NOD shares have fallen back today from last week's gains but I expect them to go back up again. Ozbecool highlighted the McGrath figures but they are a minor part of Nomad now. McGrath's turnover for the last six months was 10.4m. The new back door purchase, Bloomer Construction, has annual turnover over $100m. Have a look at these figures for Bloomer Construction:
https://hia.com.au/~/media/HIA Webs...onstructions Retains Pole Position - QLD.ashx
https://hia.com.au/~/media/HIA Webs...Climbs to Top Spot on Builder List - QLD.ashx
For some reason the 2014 Bloomer figures are down but in 2011 and 2012 Bloomer was the biggest residential builder in Queensland. Just as a comparison Devine is around the 9th largest residential builder in Queensland . Devine's market cap is currently around $130m yet Nomad has bought Bloomer for an amazing $10.4m.
Just imagine what will happen to Nomad's share price if the market gets to value Bloomer as it currently values Devine.
GPASAS
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