Two more sleeps ?
Hello Parma. Thanks for mentioning that historical high because I have been thinking on it over the weekend and it made me go back and look at NRW’s price history since it floated in 2008 at $2.54.
Now everyone knows I am smitten with this company
BUT, taking off the rose-coloured glasses, it looks as if that brief heyday of $4.36 was a bit overblown?
Do we really want to go back there ?
Over the life of NRW Holdings as a public company our launch price was actually a high point and there were significantly less shares then ( and dollars were worth more?)
Soon after we started there was brief ‘Kilimanjaro moment’ at $3.36, and then years passed before the Everest pinnacle; $4.36 in March 2012.
I think it is relevant that in mid January, 2012 however it was still under $3 ....and back under $3 again two months later in June
NRW has actually been on the low side of $2 for most of it’s life - which makes the fantastic dividend stream it has provided in the past all the more amazing.
For now I hope the half yearly is in line with, or better than the expectations
And I hope the market likes it because I believe the company is currently undervalued....
As far as realistic value goes ...
- Fundamentally it will be interesting to see whether new acquisitions and increased experience have the potential to take us to greater places than we got under our own steam back in 2012
-Technically it would be interesting to know how likely we are to get back up our start point of $2.54 .
-Theoretically: I saw ‘the look of eagles’ in the eye of Jules Pemberton at the AGM two years back when he drew a comparison to the company’s heyday ( when it was earning as much every fortnight as it had done that whole year) ...... It made me feel Management was well able to cope with the significantly larger company NRW had been then and wanted to get back there!
Cheers
NWH Price at posting:
$1.52 Sentiment: Hold Disclosure: Held
(20min delay)
