I am guessing the recent 15% pull back in the share price, is related to the lack of expected announcement of defence contract for land 400 phase 3 armoured vehicles. In the webcasts for the final results, Keis said that it would be announced in September and despite press speculation that the number of vehicles would be cut back from 450 to 300, he implied this would not be the case. There were 2 companies shortlisted, RheinMetall and Hanwha and I understood PWR were working with both to supply components. Hopefully, the delay in announcement is no reason for concern. This may not be the reason for pull back, I am just trying to understand it. Anyone have any ideas?
PWH Price at posting:
$8.48 Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)