NWH 2.10% $2.43 nrw holdings limited

That $6bn TenderBook..., page-6

  1. 1,293 Posts.
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    That last sentence sounds too negative. Let me try again!

    We are getting good price support now in spite of the fact that I don’t see an insto value investor buying at these prices AND there are bound to still be holders who are massively overweight who bought in below 20c who will be selling down as it goes higher.

    I think the narrative that ‘the next few years should be a purple patch’ is winning over the story that mining services are cyclical - it’s more than just trading momentum it feels to me the last few weeks - could be wrong. I guess the test is - will a value manager in at 60c Sell at $1.60+ or instead see out the ‘purple patch’ story? If so that creates a strong base of holders waiting into late 2018 for the contracts to start to land, and an easy ride for holders focussed on that potential (if you’re not convinced you’ll be agonising over reducing your position once it goes north of $1.50 I’d guess).

    Any other 20c holders out there still working this through trying to decide how to approach this now?
 
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Last
$2.43
Change
0.050(2.10%)
Mkt cap ! $915.5M
Open High Low Value Volume
$2.31 $2.44 $2.31 $3.960M 1.643M

Buyers (Bids)

No. Vol. Price($)
9 82704 $2.42
 

Sellers (Offers)

Price($) Vol. No.
$2.44 86700 12
View Market Depth
Last trade - 16.10pm 18/10/2019 (20 minute delay) ?
(live)
Last
$2.43
  Change
0.050 ( 2.22 %)
Open High Low Volume
$2.33 $2.44 $2.33 653833
Last updated 15.59pm 18/10/2019 (live) ?
NWH (ASX) Chart
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