The outlook is extremely good for the civil and mining construction service industry. I feel we are poised on the edge of another boom.
Margins will increase as the amount of work increases. As a business owner we increase prices the busier we are. If our capacity becomes strained, future projects are only taken on at higher prices. If our competitors are also running at capacity it causes a lift across the board.
I hazzard a guess that our fund managers are hooking into NWH positioning for the next three to four years. Definitely institution buying going on.
I think Saragian is going to need to review his $2.20 price target within a week or two at this rate.
The outlook is extremely good for the civil and mining...
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Last
$3.90 |
Change
0.050(1.30%) |
Mkt cap ! $1.574B | |||
| Open | High | Low | Value | Volume |
| $3.91 | $3.92 | $3.84 | $3.306M | 850.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 6791 | $3.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.91 | 14942 | 5 |
View Market Depth
| Last trade - 16.10pm 27/11/2024 (20 minute delay) ? |
| NWH (ASX) Chart |
