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
The NOD shares have fallen back today from last week's gains but...
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