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 ~8x FY22 earnings while yielding 6% + now with some earnings certainly we think NWH should be trading with $2 in front of it in short order.
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Performance update for March, stocks that drove returns & our current positioning
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Tuesday 23rd April – ASX200 +26pts, Northern Star (NST), Chrysos (C79), Brambles (BXB)
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Market Matters Research Lead Shawn Hickman with David Koch
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Tuesday 23rd April – DOW up +253pts, SPI up +19pts
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MM is bullish NWH
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