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NWH, NRW HOLDINGS LIMITED
blacksheep
post Posted: Dec 2 2019, 03:31 PM
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In Reply To: blacksheep's post @ Dec 2 2019, 02:44 PM

Broker upgrade target price - FWIW.

Important to know that UBS was of course the sole underwriter and lead manager of NWH's placement last week. As seems to be normal practice, these analysts come out with favourable ratings/targets, while probably selling themselves





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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Dec 2 2019, 02:44 PM
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In Reply To: blacksheep's post @ Nov 29 2019, 07:16 PM

Broker upgrade target price - FWIW. SP currently $3.08. Gap @ $2.83

NRW Holding: Trading higher on UBS price target increase
William McInnes

QUOTE
NRW Holdings is trading 3.7 per cent higher at $3.09 today after its price target was raised by 20 per cent by UBS.

The broker maintained its 'buy' rating on the stock, but lifted its price target from $3.20 to $3.85.

The broker praised the company's acquisition of BGC Contracting which it said would allow strong free cash flow generation and had a solid strategic rationale.

"An acquisition of this scale is not without risk and we do require further granularity on BGC's existing contracts and tender book before considering a more material growth profile," said analyst Josh Kannourakis.

"We estimate NWH to be trading on an FY20E pro forma PE of ~12x, ex-synergies with FY20-22E EPS CAGR of 13 per cent and risks skewed to the upside."

The broker said its increased valuation reflected the earnings and cash flow impact of the acquisition.

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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Nov 29 2019, 07:16 PM
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In Reply To: blacksheep's post @ Nov 4 2019, 01:07 PM

Nice to see placements done at a premium

$120M ACQUISITION PLACEMENT PRICED AT A PREMIUM
NRW Holdings Limited (ASX:NWH) (NRW or the Company) is pleased to announce that it has received
QUOTE
commitments to place 42.1M million new fully paid ordinary shares in NRW (Placement Shares) at an issue
price of $2.85 per Placement Share, to raise $120M before costs (Placement).

The net proceeds from the Placement are intended to be put towards the acquisition of BGC Contracting Pty Ltd
(Acquisition).

The issue price represents a:
• 1.4% premium to NRW's adjusted closing price of $2.81 on 27 November 20191
, being the last trading
day prior to NRW entering a trading halt in connection with the Placement; and

• 5.2% premium to NRW's adjusted 10-day volume weighted average price of $2.71, up to and including
the last trading day prior to the trading halt2
.

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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Nov 4 2019, 01:07 PM
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NRW Response to Media Speculation

QUOTE
NRW Holdings Limited (ASX:NWH) (“NRW” or “the Company”) refers to recent media speculation regarding NRW’s
potential interest in acquiring BGC Contracting.

In response to these reports, and consistent with statements made in the Company’s Full Year reports, NRW
continues to pursue opportunities to further diversify its revenues and enhance shareholder returns. This has
included discussions with various parties regarding potential acquisitions, including BGC Contracting.

NRW confirms it has been selected as the preferred bidder in the sale of BGC Contracting (www.bgc.cc), subject
to final documentation and a number of conditions considered customary in this type of transaction.


NRW believes there is significant merit in the acquisition of BGC Contracting and would only enter into a transaction
applying a similar discipline to previous transactions (Golding Group and RCR Mining Technologies) on terms that
deliver appropriate value for NRW shareholders, including a requirement that any transaction be EPS accretive.

In relation to the funding of the potential acquisition, NRW notes that is has multiple funding options available to it
and furthermore any transaction would include the assumption of outstanding equipment finance obligations of
approximately $190M, which is well supported by a considerable fleet of major mobile equipment.

There can be no assurance that any transaction will result from any discussions with BGC Contracting and NRW
will continue to inform the market on any further developments in accordance with its continuous disclosure
obligations

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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Jan 24 2019, 11:38 AM
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Posts: 6,791
Thanks: 2304


New contract
NRW Holdings Limited - Contract Award – Koodaideri Mine Plant Bulk Earthworks
QUOTE
Australian civil and mining contractor NRW Holdings Limited (ASX: NWH) is pleased to announce the
award by Rio Tinto of approximately $65 million of bulk earthworks for the new Koodaideri mine in the
Pilbara, Western Australia.

The Koodaideri Project will deliver a new production hub for Rio Tinto’s iron ore business and is located
35km northwest of the Yandicoogina mine in the East Pilbara.

The works will include bulk earthworks and drainage. The Contract is expected to run for 11 months
commencing on site in April 2019.
At its peak there will be over 175 workers required for the project.


Total short positions as at 17 January 2019 = 1.67%
https://www.shortman.com.au/stock?q=nwh

SP currently $1.7525

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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Dec 20 2018, 01:20 PM
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Posts: 6,791
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Notable short sales alert yesterday. NWH received a please explain relating to delays on the Forrestfield Airport Link project in which NWH is a jv parter
QUOTE
Wed 19th Dec, 2018 2,660,243 375,891,525 0.70% 5,693,549 46.72%

https://www.shortman.com.au/stock?q=NWH
QUOTE
]Forrestfield-Airport Link Construction Contract Update[/b]
NRW wishes to provide clarity on recent media reports regarding the Forrestfield-Airport Link project
being constructed by the Salini Impregilo-NRW Joint Venture (“Joint Venture”), of which NRW is a 20%
partner.

From an NRW perspective, the construction contract progress is approximately four months behind the
original schedule due predominately to Tunnel Boring Machine (TBM) stoppages, which were directed
by the client, the Public Transport Authority (“PTA”). These delays are the subject of claims under the
contract, which are being negotiated by the PTA and the Joint Venture.

As also reported, the remediation options to the Dundas Road cross passage tunnel segments are
being assessed in consultation with the PTA. Depending upon the final remediation option selected, the
schedule could be further delayed by up to four months. NRW notes the comments attributed to the
Transport Minister, the Hon Rita Saffioti MLA, that she believed this in an insurable incident.
NRW, as a partner in the Joint Venture, also reiterates that safety of the workforce and the quality of the
work carried out are of paramount importance.

NRW is proud to be part of the Joint Venture constructing this world class project for the Western
Australian Government and all of WA. As noted by the Minister, the two TBMs are now halfway through
their journey having completed tunneling under both Perth Airport runways.

NRW does not anticipate any change to the guidance provided to the ASX on 20th November 2018.
A Link to the Minister’s Media Statement can be found here:

https://www.mediastatements.wa.gov.au/Pages...ve-forward.aspx

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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 

sentifi.com

Share Cafe Sentifi Top themes and market attention on:


blacksheep
post Posted: Jul 18 2018, 03:52 PM
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In Reply To: blacksheep's post @ Jul 18 2018, 12:29 PM

NRW awarded South Flank Precinct Bulk Earthworks & Concrete contract.

QUOTE
NRW Holdings Limited (ASX:NWH) is pleased to announce the award by BHP Iron Ore of the contract for Bulk
Earthworks and Concrete works at the South Flank Precinct project.

Works to be undertaken by NRW include Bulk Earthworks and concrete for the Overland Conveyors and Primary
Crushers together with ancillary works relating to Non Process Infrastructure.

Bulk Earthworks also include Access Tracks, clearing, pads and diversion drains. Concrete works and
associated detailed earthworks include placement of approximately 14,000 m³ of concrete.

The contract is valued at approximately $176 million and is expected to run for 15 months commencing onsite in
September 2018
. At peak over 350 workers will be required on site. Plant and equipment required will comprise
internally sourced fleet together with a range of hired equipment

NRW CEO and Managing Director Jules Pemberton said, “The award of this contract is particularly pleasing
given the long standing association of NRW and BHP on resource projects and recognises NRW’s experience
and capability in delivering projects in the Pilbara. The contract will also provide opportunities for employment
and procurement for the areas Traditional Owners and local businesses”.

Ric Buratto, Executive General Manager of the Civil & Mining business commenting on the award added, “This is
a great win for the business, the core project team is in place and key equipment is being made ready for early
deployment to the project”

The South Flank Precinct is located approximately 120kms north west of the town of Newman in the Pilbara
region.




--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Jul 18 2018, 12:29 PM
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Posts: 6,791
Thanks: 2304


In Reply To: blacksheep's post @ Jun 26 2018, 08:37 PM

In a trading halt until Friday - " as it expects to make an announcement to the ASX regarding a contract award." - not sure if it's this one hinted in an earlier ann

QUOTE
NRW’s West Australian civil business is well placed to participate in the upcoming major iron ore replacement and sustaining tonnes projects, the first of which is expected to commence during the first half of the 2019 financial year.

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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Jul 2 2018, 09:33 PM
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Posts: 6,791
Thanks: 2304


In Reply To: blacksheep's post @ Jun 26 2018, 08:37 PM

Updated chart - SP briefly hit a 52 week high of $1.765 breaking through the 1st resistance point of $1.751 - next resistance is $1.802. SP finished the day @ $1.70

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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Jun 26 2018, 08:37 PM
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Posts: 6,791
Thanks: 2304


In Reply To: blacksheep's post @ Oct 19 2017, 01:07 PM

SP up over 9% following release of their Update this morning that suggests their order book is currently $2.05 billion, with$875 million already committed for delivery in FY19
QUOTE
NRW Holdings Limited – Company Operational Update
NRW is pleased to advise that as a result of the $93 million Isaac Plains contract extension announced with
Stanmore Coal last week, the recent $230 million Curragh contract extension and the $420 million Baralaba coal
contract, both awarded in May, the total order book has now increased to near record levels at $2.05 billion, as at
the end of May 2018.

Other recent contract wins also include circa $65 million of new work and contract extensions in the Golding Civil
and Urban businesses and a $7 million trial rehabilitation project at the Argyle Diamond Mine.
The order book now includes around $875 million of work secured for delivery next financial year with total
revenues in FY19 expected to exceed $1.1 billion.

NRW’s West Australian civil business is well placed to participate in the upcoming major iron ore replacement
and sustaining tonnes projects, the first of which is expected to commence during the first half of the 2019
financial year.

Jules Pemberton, Managing Director and CEO said, “NRW continues to be very well placed to capitalise on the
significant strength in the Australian resources and Infrastructure sectors. Our increasingly diverse and
geographic service offering is further broadening and currently includes projects for key clients across the bulk
commodities, lithium, gold, public infrastructure and urban development sectors.

With an order book of $2.05 billion and $875 million already committed for delivery in FY19, we are well
positioned to expect revenue growth in excess of 40% over the 2018 financial year.”

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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
 


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