Yes, it looks promising and once again, it seems like 2019 is the big year for starting these projects. I think JP made a comment about being increasingly optimistic about the flow of new work at the end of 2017, and they are now saying it has taken longer than expected.
As you say it’s clear the work is out there (gov projects, IO sustaining projects and also lithium, gold etc) still so it may be that rather than fy19 being a massive jump in revenue, it may continually grow through fy18,19,20. That would not be a bad outcome from a long term investor’s point of view - as @Pioupiou has pointed out a number of times, when this sort of company takes on a new project that is large compared to the total existing other projects underway, then it comes with a higher risk.
If we get 2 results - fy18 and fy19 with solid higher revenue, and solid margins AND a strongly positive orderbook, tenderbook and outlook statement, we will be steadily rerated by the market for sure over the next 12-18 months.
Yes, it looks promising and once again, it seems like 2019 is...
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Last
$3.90 |
Change
0.010(0.26%) |
Mkt cap ! $1.574B | |||
| Open | High | Low | Value | Volume |
| $3.87 | $3.90 | $3.82 | $2.982M | 769.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1753 | $3.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.90 | 52914 | 9 |
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| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| NWH (ASX) Chart |
