30/06/2023 09:11

NRW Holdings Ltd (NWH) $2.47

Mining services stock NWH tested its 10-week high yesterday, another unlikely recovery target for MM but again it does add weight to our net bullish outlook for stocks.

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28/03/2023 09:15

NRW Holdings Ltd (NWH) $2.21

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.

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04/08/2022 17:02

NRW Holdings (NWH) $2.13

NWH +10.94%: The Perth-based mining & construction contractor was out with upgraded guidance today, with EBITDA now tipped to be $157m versus the prior guided range of $150-$155m. Revenue guidance remained at $2.4bn implying they’ve done better in terms of margins. More details to be provided when they report FY22 results on the 18th of August, however, suffice to say, this inexpensive contractor is priced on sub 10x earnings and is performing better than the market had feared.

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28/01/2022 09:43

Flagship Growth Portfolio – Amendments

We are making a number of changes to the Flagship Growth Portfolio today, to increase our exposure towards quality.

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28/01/2022 09:17

The Bottom Line

MM is looking to re-jig our Flagship Growth Portfolio today:

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28/01/2022 09:10

NRW Holdings (NWH) $1.53

NWH has been a thorn in our side failing to rally with the market in late 2021, its simply time to rip off this band aid and take advantage of some opportunities elsewhere.

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27/01/2022 09:21

Flagship Growth Portfolio

The MM Growth Portfolio fell -5.65% last week pretty much in-line with the market, we maintain a 2% cash position. We enjoyed strong performances from our gold holdings with Northern Star (NST) +2.2% and Newcrest (NCM) +0.7% while HUB24 (HUB) almost held its ground slipping just -0.19% but it was a very different story from a variety of names...

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14/12/2021 09:35

Losers

A2 Milk (A2M) we’ve held 5% of our portfolio in this milk and baby formula business for most of 2021 and even though we bought it into weakness its kept drifting to our frustration and the rumoured takeovers don’t appear to be coming through.

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09/12/2021 09:47

NRW Holdings (NWH) $1.595

Mining services business NWH has really struggled in 2021 following the overall sectors path. Services companies like NWH are all about people, and the sector has battled with Covid lockdowns and difficulties with staffing which has meant that good revenue growth is not translating into strong profit growth given pressure on margins. It’s the reason why those...

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25/11/2021 16:40

NRW Holdings (NWH) $1.735

NWH +8.44%: rallied today after the mining and civil construction services company said its order book is expected to grow to at least $4.4 billion, while they also maintained revenue guidance of $2.4b to $2.5b, but with a higher degree of certainty. While mining services stocks have their challenges, labour being only one of them, trading on...

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