NWH is clearly a stock that is out of favour currently. No doubt the mining services segment isn't winning any popularity contests, and this may be impacting NWH share price but I also perceive that the recent acquisitions and associated share dilution hasn't helped. As yet the market hasn't been a fan of the acquisitions, which for sure have diversified the business. but also possibly diluted it from an EPS point of view in the short term.
I think it is time for a year of consolidation and execution and organic growth and focus. With no acquisition distractions, and a humming mining and infrastructure sector, NWH should be able to achieve stellar performance in 2021/22. When they do that, the days of $2 share price will be long gone.
They remain one of my biggest holdings, and I topped up recently as well.
Time for a year of no acquisitions; solid execution
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Last
$2.76 |
Change
-0.010(0.36%) |
Mkt cap ! $1.250B | |||
| Open | High | Low | Value | Volume |
| $2.78 | $2.78 | $2.75 | $1.166M | 422.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 13799 | $2.76 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.77 | 1623 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$2.76 |
Change
-0.010 ( 0.38 %) |
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| Open | High | Low | Volume | ||
| $2.78 | $2.78 | $2.75 | 200218 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| NWH (ASX) Chart |