Sabine, The results are what we all expected and probably more,...

Sabine,

The results are what we all expected and probably more, and so yes I am excited.
There were no nasty surprises or negative statements that would lead us to believe they will not have an even greater FY 19 and beyond. They have already flagged what FY 19 is likely to be, and I have no doubt they are under promising and will thus over deliver.
The return to paying a dividend was probably a 50/50 expectation, but certainly a welcome decision.
The level of debt is well and truly manageable and allows for greater borrowing capacity if required.
And then there is margin retention and improvement which is fantastic, particularly in these competitive times.
There are still a few major tenders that are yet to be confirmed, and those decisions won't be that far away. Winning these contracts will propel NWH into uncharted territory.
All in all NWH is in great shape and on these results alone should have pushed the share price much higher.
Unfortunately, Australia is once again in political turmoil and the market doesn't take too kindly to that.
All that aside, what is really intriguing is the unexpected and not so positive reaction to the share price so far today. This is the part that is curbing my enthusiasm.
The NWH share price reached a high of $1.725 back in February this year. Since then, they have won some major contracts, along with all of the positive points noted in today's announcements.
Yet the current price is not that greatly above that considering the declaration of a dividend and the outlook for the future. And the selling pressure continues unabated.
Hopefully this sums up my view of the situation for now.
For now all I can do is sit back and wait for an announcement detailing the next contract win.
And have a celebratory drink or six this evening.

Parma.