Bullish Sign? - Bounced off 200 EMA, page-2584

Even though you didn’t want the ones previously announced I think I should put them in because over the last three months - in contradiction to it’s technical performance - NWH has had some CRACKERS :


During the course of that rather sad three month chart there was some amazing conjuring going on by Management :

1) 13/11/18 :AWARDED EARLY CONTRACTOR INVOLVEMENT WITH FITZROY AUSTRALIA RESOURCES
(Given the size of our Stanmore contract this could be very big )

2) 16/11/18 : AWARDED $500 MILLION FIVE YEAR EXTENSION TO CONTRACT WITH STANMORE COAL AT ISAAC PLAINS EAST (to June, 2024)

3) 20/11/18. Nov 20 (Reuters) - NRW Holdings Ltd (NWH) :

• SEES HY REVENUE IS EXPECTED AT AROUND $500 MILLION
• HY EBITDA IS EXPECTED TO BE AROUND $70 MILLION COMPARED TO $40.3 MILLION IN PRIOR COMPARATIVE PERIOD
• HY EARNINGS ARE EXPECTED TO BE CIRCA $45 MILLION, AN INCREASE OF 100% OVER SAME PERIOD LAST YEAR

4) 21/11/18 AGM. ....a “record year of growth in our eleven year history as a listed company” ...
“...guidance of $1.1 billion of revenue to be delivered in FY19 remains our expectation......”
And so much more .
CEO Presentation AGM November 21, 2018


5) 22/11/2018 : Nov 22 (Reuters) - NRW Holdings Ltd (NWH) :

• SECURED FINANCING FROM BANKWEST WHICH ALONG WITH FUNDS IN COMPANY WILL BE USED TO REPAY NRW CORPORATE NOTES ON 19TH DECEMBER
• NOTES WERE ISSUED IN DECEMBER 2016 RAISING $70 MILLION; BALANCE OF NOTES IS CURRENTLY CIRCA $38 MILLION

.....“Repaying the Notes will allow the company to be better placed to increment more flexible financing arrangements to support both core business operations and to address growth opportunities should those arise.”


6) 19/12/2018 Forrestfield-Airport Link Construction Contract Update after media stories when the FAL project was extended by a year to 2021 ....noting guidance, as per recent announcements, remains on track .


7) 24/12/2018 : Dec 24 (Reuters) - NRW Holdings (NWH) :

• AGREED TO SUPPORT GASCOYNE RESOURCES THROUGH PROVISION OF A $12 MILLION LOAN FACILITY

8) 31/12/2018 : Dec 31 (Reuters) - NRW Holdings Ltd (NWH) :

• CO SELECTED BY FORTESCUE METALS GROUP AS PREFERRED CONTRACTOR TO DELIVER WORKS OF FORTESCUE'S ELIWANA RAIL PROJECT
• PROJECT VALUE IS ABOUT $57 MILLION

I feel we should be well over $2.20 on the strength of all this - no magic required !