Ann: NRW Preferred Contractor for Eliwana Rail S1, page-13

I saw this story this morning and am putting the link into this thread  (given the timeliness of the date ) to offer a broad view of the year we are just finishing.

https://www.abc.net.au/news/2018-12-31/2018-a-year-investors-would-like-to-forget/10593542

It was pretty tough .

During the year NRW Holdings has thrived against a trend that took out RCR Tomlinson and sent many other privately owned. civil infrastructure companies into liquidation as well.
On the ASX  Lendlease is currently about half its August  value , Worleyparsons much the same, Seven Group down from around $22 to $14.50.  Over the year MACA has fallen from $1.80 to around 90c....etc.

That we have prospered rather than foundered ( without being a huge multinational like CIMIC or Salini ) says something pretty remarkable about CEO, Jules Pemberton, CFO, Andrew Walsh, Golding CEO, Geoff Caton and the amazing leaders and teams who work for us.


I linked to a video talk by  Paradice Investment Manager, James McBeath yesterday where he probably represented almost everyone in the market when he said Paradice was sifting through the ASX looking for companies with some degree of immunity in case of more rough times ahead in 2019.
https://www.sharecafe.com.au/2018/12/21/paradice-investment-management-discuss-market-volatility/
(Bizarrely Paradice went under 5%  of NRW, possibly so it could buy back cheaper seeing as its overall entry price was s bit high )

Because as @Parma’s just said , and so many other convinced shareholders this company is one in a million .

It’s the leaders who made it so.
- I am very grateful to all of you and very proud to have been a holder in 2018  and I look forward to a secure ship here in 2019 no matter how bad the storms .
Also grateful to Hot Copper for creating the opportunity for ALL of us to post and learn  . ( Happy NRW Year to you guys too)

- and love the people on the forum who post and play

Cheers