Newsflash .
In case anyone else is currently regretting nothing after a week which, on a technical basis at least, has us potentially leaving price doldrums behind , Motley Fool has provided a hubris-slaying wake up call to constant vigilance.
The link to a story on Ausdrill’s severe price collapse this week also targets NRW Holdings as overblown in value and possibly due to follow Ausdrill.
https://www.fool.com.au/2018/06/12/why-the-ausdrill-limited-asxasl-share-price-just-fell-25-lower/
“....Aside from the bad news, a correction could be natural for mining services stocks, after the outstanding growth delivered in the past two years. Ausdrill had gained 220% before today’s losses, with industry peers NRW Holdings Limited(ASX: NWH) and Emeco Holdings Limited(ASX: EHL) up 500% and 775% respectively over the same period.
..Kind of unpleasant as I was thinking we were actually just getting over our price correction
Chart Update, page-241
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Last
$3.89 |
Change
-0.010(0.26%) |
Mkt cap ! $1.574B | |||
| Open | High | Low | Value | Volume |
| $3.86 | $3.92 | $3.84 | $906.3K | 232.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 10542 | $3.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.90 | 6560 | 22 |
View Market Depth
| Last trade - 12.39pm 04/12/2024 (20 minute delay) ? |
| NWH (ASX) Chart |
