Not really.
There is the issue of debt on the other side of the ledger.
There is also the fact that most of the cash are encumbered, being used to underpin warranties under contracts, both at the start and at the end.
There is also the need to maintain liquid flexibility because of low margin work, and any head contractor withholding payment for whatever reason will crunch cashflow quite severely.
The joys of a bad business model.
NWH buyback?, page-2
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Last
$3.56 |
Change
0.010(0.28%) |
Mkt cap ! $1.620B | |||
| Open | High | Low | Value | Volume |
| $3.58 | $3.59 | $3.53 | $3.945M | 1.107M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 6745 | $3.53 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.56 | 2388 | 2 |
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| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| NWH (ASX) Chart |