The AGM earlier this week was +ve. Plenty work booked in for 2009 and 35% full for 2010. Recent contract win with OMH is outstanding. NWH have exc track record in delivering complicated projects on time and on budget. Mkt capitulation and forced selling has seen SP waaay oversold and on fwd PE of 2.0!! I expect 2009 divs to tal 6c=22%ffr at current SP of 28.5c. Has many tenders placed and even winning a third of these will ensure exc revenue for 2years starting 2010. Directors are buying heavily and company mood is very bouyant. I bought in at open today. Never imagined i could get NWH under 30c. Bargain IMO. Certainly worth a close look. Vols are reasonable unlike some mid-cap engineering stks.
Another bonus is reduction in interest rates and wages of skilled personell. All adds up to bottom line.
positive agm sp way oversold
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Last
$3.09 |
Change
0.020(0.65%) |
Mkt cap ! $1.399B | |||
| Open | High | Low | Value | Volume |
| $3.10 | $3.11 | $3.06 | $2.292M | 741.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 9623 | $3.08 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.09 | 1320 | 1 |
View Market Depth
| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| NWH (ASX) Chart |