If a mining service company can bulldoze dirt, drill holes and blast, then it is a natural progression to build roads and railway tracks required by miners. These infrastructures require culverts and bridges, so bridge building and concreting capability is required. Concreting leads to conveyor-belt pylons, heavy machinery pads, and so on, and if the service supplier of a railway line can handle the signalling system and other automated technology to handle boom gates and rail switching, this leads to a complex range of electric and wireless services. These progressions can be organic, but strategic acquisitions of other companies can accelerate the acquisition, and this, IMO, is what justifies the acquisition of RCR.
Monadelphous (MND) has done very well by first taking on work in remote mining sites where it had the marketing advantage of being Johnny-on-the-spot, and then MND has used reference-selling to land contracts for such services to other miners, and in time become very good in the field of work, (e.g., water treatment and water reticulation). Then MND has marketed those capabilities to non-mining sectors in different regions, thus widening both the profile of its customer base and MND's geographic footprint. MND now has a water treatment service that it sells to councils and water authorities in the Eastern States, and irrigation systems in New Zealand.
NWH has recently started to go down a similar path of diversification of services, customer profile, and geographic footprint. Building an urban railway tunnel is a good example. If through up-skilling its capabilities NWH becomes capable of throwing off as much cash as MND does, equals MND's metrics like ROI, dividend payout ratio, and balance-sheet strength, then we would witness a higher PER. Imagine what a steady improving Revenue, NPAT margin, ROI and dividend payout ratio would do to NWH's SP – mirabile putu (wondeful to think). As for the terribile putu picture, Management could be whelmed by conceit, and do stupid things, or fail to do smart things.
Sabine, I tossed in a few words to amuse you. Mirabile is a Latin adjective meaning “wonderful”. Putu is a verbal noun in the ablative case, which case has a messy mixture of usages. The so-called “respective ablative”, is always used after an adjective, but only for some verbal nouns (usually “thinking” and “saying”. Translated literally, terribile putu means in clumsy English “terrible in respect to saying”.
All written NWH's Announcements could start with the words Mirabile scriptu, in respect to good news, and Terible scriptu in respect to bad news.
As for the Kiruna Wagon helix unloader story, mirable lectu (wonderful to read).
The pictures of winking faces popped into this post by magic. I do not even know how to insert them.
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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. |
---|---|---|
$3.91 | 14942 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
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 |