After 12 - 18 months of uncertainty we now have a company that...

After 12 - 18 months of uncertainty we now have a company that is financially secure , profitable work , no debt issues and a growth profile.
As at the last presentation NWH had increased its order book to 780 million.
140 million is secured for the second half , we now have the FF contract current consensus in HC land is for around 400 to 500 million over 3 years.
So then we have an order book of between 1.18 and 1.28 million.

Plus other works tendered for.

"Now that the debt rescheduling is complete and the business has stabilised, we look forward to converting current tenders into profitable new work with several good prospects expected to commence during the final quarter of the 2016 financial year."

I believe the second half profit will beat the first half , that with debt reduction and lower interest expense and new work secured in the next few months, in 2016/2017 we will see a large lift in profit and increase in NTA and a return to dividends of between 4 - 6 cents.
Based on this current share price fair value now is between 30- 35 cents.
Once FF contract is secured and amounts detailed , and other new contracts announced from above then end of 2016/2017 will see share price around 80 cents - $1.00 which includes no froth and bubble from the market ( with froth and bubble then up to $1.50 )