I don’t think we will see profit for some years, imo, unlikely...

I don’t think we will see profit for some years, imo, unlikely in 2016. This is a project company and needs to win projects to renew revenue every year. At June ’14, work in hand was more than $1B, mainly Roy Hill. At the annual meeting, the chairman reported that there will only be $200M of this work left to be completed by June ’15 - and mining projects have dried up and WA don’t have any revenue coming in for civil projects. NWH’s competitors, listed and private, will all be chasing whatever crumbs there are.

The other NWH thread is discussing how much dividend NWH will pay this year and asking why the share price is so low. I don’t think the shareholders who have sold out care about this year’s divvy - they are more interested in how the company will stuggle through the next couple of years.