FY21 Result: An in line result for NWH on FY21 with EBITDA at $266.7m, right on consensus expectations. Guidance was the standout though with EBIT for FY22 expected to be in the range of $145m-$155m vs market expectations at $147m. The company talked up their large order book and importantly, they sighted improving margins which was the key, plying cost pressures that have been a hindrance are starting to ease. Shares rallied 17.42% today.
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Thursday 28th March – ASX200 +80pts, All Time High, Retail Sales
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Performance for February & 4 stocks we like here and now
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Thursday 28th March – DOW up +477pts, SPI up +60pts
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MM is bullish and long NWH
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