NWH popped +5.2% on Monday making it the best performer on the day although it remains down -21.4% calendar year to date. In a similar fashion to the ASX, we can see the current bounce by the mining services company NWH enjoying further upside in the short term but our preferred way of ‘playing’ this sector is through our recent acquisition of SRG Global (SRG).
- We only like buying into these sorts of stocks when they are particularly cheap and another 10% lower would see NWH tick that box i.e. ~$2.00
MM is neutral NWH
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