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Australian Investment Blog

ASX:NWH 04/08/2022

NRW Holdings (NWH) upgrades guidance, shares pop higher as they catch the market by surprise

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.

MM likes NWH around $2
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NRW Holdings (NWH)

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