That $6bn TenderBook..., page-197

I can’t speak to technicals or fundamentals just_a_guy but hello anyway .
I can speak from long acquaintance with NWH and long acquaintance with some other posters here who are a tad quieter than me .

As a result of both I am invested to more than the value of my house in NWH, and continue to buy shares whenever I can.
(Including 2,000 at $2.11 because I think NRW’s future is bigger than $2.11 and did not know the price was going to fall back to $1.42)

I feel NRW management is of the highest calibre; consistent, professional and decent and I believe that ethos sets the tone of the company.
I think it is well placed in the sector.
As an example, it has been involved in an ECI with Rio since May 2018 and would have been working towards gaining that from well before .
(Possibly since soon after Ric Buratto joined as Executive General Manager https://www.bloomberg.com/research/....asp?personId=25241122&privcapId=36186760.
https://nrw.com.au/about-us/executive-team/

The management is also forward thinking and has shown teamwork and mettle in bringing the company back from a major customer betrayal (Samsung) in a downturned sector that would have finished other most other businesses.
(..and that was a betrayal of the highest order. As I understand, NRW performed to its tradition of ‘over performance, under budget’and Samsung refused to pay for the work despite two Australian courts ordering it should. It basically said it would move to the international court arena and eke proceedings out for years so NRW settled for a pittance of what it was owed.)

NRW management has a particular bent for strategy too.
The acquisition of Queensland-based Golding Contractors was a stroke of sheer genius at a crucial time.

The company has massive respect in the industry and the people who are invested here are, many of them, long term loyal holders who genuinely trust NRW and its announcements .

It is no RCR although the CFO here, Andrew Walsh, used to be at RCR until (IMO) Paul Dalgleish decided he wanted a more financially malleable CFO and replaced him with a mate. Retrospectively I feel the tide for that company turned immediately .

NRW is small enough to be nimble, large enough to be powerful, and very likeable .

It’s also getting shorted to about the the same degree as Monadelphous.
But I like NRW much better possibly because I have been to the last three AGM’s and met the people I so admire .
Look at other posts by @Pioupiou @pbawley, @Josh01 and some of those people, more learned than me, who reply to them .

Cheers