Hi Pioupiou,
The revenue prospects do look good and are ‘visible’ which leads me back to the margins again.
Some fairly obvious ideas around drivers that have been mentioned are:
- evolving tender competition levels
- growing labour market tightness
- mix of work (mining vs civil)
- mix of hired, client or owned equipment
- avoiding project stuff-ups
There are lots of moving parts to the margins over the next few years and I think it’s very hard for anyone (including the broker analysts) to really make a good prediction here. For that reason I think the market will double 2018H2 numbers as estimates for fy19 and 20.
I take some comfort from 2011-2013 where in the face of some similarities in the labour market and work available, NRW kept margins in reasonably good shape (they reduced but not by much).
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Hi Pioupiou, The revenue prospects do look good and are...
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Last
$3.91 |
Change
0.010(0.26%) |
Mkt cap ! $1.574B |
Open | High | Low | Value | Volume |
$3.90 | $3.93 | $3.88 | $1.106M | 283.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
46 | 15588 | $3.90 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.91 | 13402 | 47 |
View Market Depth
No. | Vol. | Price($) |
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1 | 5058 | 2.370 |
4 | 18795 | 2.360 |
4 | 37687 | 2.350 |
1 | 7879 | 2.340 |
3 | 24992 | 2.330 |
Price($) | Vol. | No. |
---|---|---|
2.390 | 11634 | 3 |
2.400 | 71958 | 7 |
2.410 | 16085 | 2 |
2.420 | 19941 | 3 |
2.460 | 816 | 1 |
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NWH (ASX) Chart |