Interesting that Golding - purchased for $85 million in August 2017 - has already won close to $450 million of coal work
ie Broadlea ($25 million coal contract for Fitzroy Australia Resources at Broadlea), and now Baralaba -potentially $420 million
And a reminder there are other strings to the Golding bow with proven excellence in delivering urban and civil work as well as mining
http://www.golding.com.au/what-we-do/
( I like “ In the past decade alone, we have delivered in excess of $5 billion worth of civil, mining and urban development projects” )
Golding seems to be becoming exactly what our MD predicted
“Golding is a strategically and financially compelling acquisition, with the potential to deliver growth across the business and drive NRW shareholder value,” Mr Pemberton said.
“The business is highly complementary to NRW and with a well-recognised brand, represents an attractive platform for our company’s further expansion into the growing east coast civil and infrastructure markets, and coal and metalliferous mining sectors.” https://thewest.com.au/business/mining/nrw-buys-golding-group-for-85m-ng-b88567207z
All this being noted I am fundamentally intrigued that we closed at $1.26. This is just 7c higher than the highs last August after the purchase of Golding was completed .
I would even go so far as to agree with CBA that NRW is a “strategic and financially compelling” buy at current prices.
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4 | 18795 | 2.360 |
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Price($) | Vol. | No. |
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