Valuations
Hi James Interested in mm view on two businesses you don’t seem to cover Judo Capital JDO and NRW Holdings NWH? Love the service Cheers
The Latest Q&A
Answer
Hi David,
- NRW Holdings (NWH) we know well, and used to own it. Very good operator, diverse business, slightly expensive on 11.4x relative to the sector and around 12% expensive relative to it’s own 5 year average P/E, but nothing negative to say on them. We’ve simply elected to own SRG Global (SRG) in that space as there is more upside from here in our view in terms of earnings and multiple expansion.
- Judo (JDO) we don’t know well, have never owned it and have only briefly looked at it. We’ll try to cover this one in future reports.
