NWH 2.75% $2.48 nrw holdings limited

CBA report

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    This summary extract from the CBA January 15 Report
    • Previous dividend outlook too bearish. In November, NWH said its current debt position was similar to that of 30 June 2014 ($33m), reflecting the cash outflow from the Roy Hill rail project offset by working capital improvements elsewhere. In our view, contractual issues at Roy Hill might pose risks to cash flow; however, we are now more confident of NWH’s cash outlook and therefore believe it should pay dividends this year and going forward.
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