NWH 1.30% $3.90 nrw holdings limited

Hello everybody, I hope it is/has been a great weekend out there...

  1. 5,305 Posts.
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    Hello everybody,
    I hope it is/has been a great weekend out there for all of you .
    For me it was  food, wine and Christmas shopping (and too many others out there with the same idea).
    My personal  ‘volume indicators’ are suggesting I am currently ‘overbought’ in the first two areas with plenty of room for upside on the third.


    Here at NRW:
    I am sure many  are hoping  the Australian market sell off on Friday on ‘dour’ economic news from China (which then led Wall Street into official ‘correction’ mode) won’t continue tomorrow....and that, if it does, it won’t hurt NWH where, on Friday, a closing auction volume trade (660,624 shares )  set the ‘bulk deal’ price at $1.83.


    Also hoping for a speedy recovery for the 22 year old worker who  injured  their arm in one of the tunnels at the Forrestfield Air Link Project yesterday.
    https://thewest.com.au/news/wa/worker-injured-in-airport-link-tunnel-accident-ng-b881051770z

    As @Josh01  noted it appears the government is taking the can for rushing the project as most accidents have happened outside normal working hours and it may wish to extend the timeframe.
    (NB delays have been consistently  flagged as a very real possibility since at least April 2017 when it was reported the project had already almost run out of “planned timing contingencies “ https://www.perthnow.com.au/news/wa...es-delays-ng-4d5d11450ba01bec5c907e3ba7e4447c)
    Perhaps they should officially announce a timing  extension sooner rather than later ?


    As far as the  safety concerns go
    This (previously posted link) notes :
    Safety on project defended
    In a statement, project director Richard Graham said the link was being constructed to "international standards" and every step was subjected to quality assurance.
    WorkSafe has completed more than 35 inspections since construction started and last inspected the sites on November 9. There were no notices raised," Mr Graham said.
    "We operate eight open sites and provide union access to relevant areas three to four times every week.
    Unions have made almost 300 visits to our sites since construction commenced.
    “We deal openly with union representatives and have no issue with any safety authority reviewing our practices.
    “Safety is our first priority”
    https://www.abc.net.au/news/2018-11...ield-perth-airport-link-safety-fears/10545772
    Last edited by sabine: 16/12/18
 
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$3.90
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