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NWH - NRW Holdings

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skc said:
None of this is helped by contract dispute at Roy Hill. It's hard to get a handle on the numbers with this, but it's clear it's a major factor to NWH's. NWH is relying on it's lending group being supportive whilst the dispute is being resolved...
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A bit of a win for NWH today with regard to the dispute with Samsung.
 
VSntchr said:
A bit of a win for NWH today with regard to the dispute with Samsung.
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One win on Tuesday (around $15m from memory) and another today (around $8) - both WA supreme court decisions upholding the adjudicator's rulings. At least another $31m to come to NWH in the form of release of a bond held by Samsung. Still more millions of under dispute to be resolved yet. Share price doubled on lifting of trading halt.
 
How's this today, up 180%

The big leader in our stock tipping comp.

Love to know your methods systamatic, well done.
 
Bank busting short squeeze hell!
That all happened in 2 hours. Unbelievable.
Some poor geezers (without auto stops in place) who were having the Friday afternoon off will not be enjoying the weekend!
Sellers still offloading at 18, see if they can get rid of it all or it just goes back to the bottom of the dam.
 

I watched the open and lost interest after 15 minutes... I thought it'd trip between 10-10.5c and dribble away into the
close. I also thought they must be close to reporting and I didn't want to hold when they go into the announcement.

No... I didn't expect the afternoon boom and by the time I saw it it was already 16.5c.

The reported numbers after close actually aren't half bad. Half year profit = $6.1m, debt repayment pushed back and cash flow is quite strong, although I wonder if it included the settlement money from Roy Hill. Either way it has a chance of holding most of the gains come Monday.
 
NRW was hit with a speeding ticket today. It certainly has taken off. (I hold). It opened up a gap too.


 
NWH was certainly overdue a re-rating, its one of the better mining services companies and has emerged in good shape. I bought in too early, but averaged down and back in the black now. I wont be surprised to see it make it back to round $1 later this year.
 
Interesting acquisition of Golding Group announced today with a capital raising and some increased debt. I dont have an opinion yet as I havent had time to dissect the details.
 
galumay said:
Interesting acquisition of Golding Group announced today with a capital raising and some increased debt. I dont have an opinion yet as I havent had time to dissect the details.
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1.6x EBITDA multiple...
One has to question why they are getting it so cheap!?
They are buying a company with similar revenue and earnings to their own, at a fraction of the price.
Maybe Golding lost their negotiation power with a pretty poor order book past FY18?
 
I know NWH have been looking at Golding for 10 years or so. The apparent cheapness also struck me at first glance.
 
BOOM! up more than 35% this morning. Nice little boost to my holdings in personal and SMSF portfolios.
 
NWH itself only trading at 2-3x from memory.
galumay said:
BOOM! up more than 35% this morning. Nice little boost to my holdings in personal and SMSF portfolios.
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Well done.
 
Oh boy. I've been holding this stock for years. I didn't have a stop loss in place and took my eye off the market when this baby crashed all the way down to $0.04. FU Gina Rinehart! I will be back in the black if the stock price holds up after the share offer. I never thought I would get my money back on this one.
 
Bought into this one in 2014 at $1.11 and then as newby investor i chased a falling knife all the way down and then bought heaps of them cheap at $0.056 with some lazy cash i was prepared to loose. At one stage i had 45000 but have sold some off on the way back up but still hold 29000. May be time to lower my exposure some more
 
tinhat said:
Oh boy. I've been holding this stock for years.
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I have held it for a few years, bought most of my initial position around $1, I always believed the market was wrong about NWH and I patiently accumulated - I ended up averaging down well under 50c.

I have had a few holdings like this where my conviction was very strong, my patience long and nerves strong, with the result in the end that they have become very profitable holdings.

Its not easy though, you need good research and analysis skills to be able to have the strength of conviction and you need strong filters to shut out the 'noise', loads of patience to sit out the turnaround, and nerves of steel not to panic and sell. You also need a strategy with regard to the process of averaging down.

Of course you need to do it with the right businesses too, otherwise you will simply destroy capital as you end up heavily invested in a business that goes broke or never has any liklihood of recovery.

Finally you need to remind yourself that most of the time the market stays irrational longer than you can sit patiently!
 
Good result for NWH for the FY, looking very strong now. I really like management's decision not to pay a divvy until they have bedded down the Godfrey's acquisition and focus on debt reduction - thats long term thinking in terms of shareholder value that is all too rare.
 
I am busy right now, but I will get to you NWH - ur goodness has not gone unnoticed.
 
Wow what a ride on NWH. Only picked it up on a momentum scan at 1.75 but threatening to break out again.
 
Its a good example of what good management can achieve in a business, it also allows an investor to have high conviction, i bought the 'falling knife' all the way down to 25c from $1 - and rode the successful turnaround all the way back up due to my high conviction in the business and its fundamental financials, industry competency, project reputation and management competence.
 
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