NRW Appears Able to Absorb OneSteel Disruption -- Market Talk

Dow Jones

Mar 04, 2025

2239 GMT - The insolvency of OneSteel in South Australia hasn't shaken Jefferies's bullish view of NRW Holdings, which was a key engineering contractor at the Whyalla steelworks. NRW last week said its Golding unit is owed A$113.3 million by OneSteel and it is confident of being able to recover all of the outstanding amount. Still, it hasn't put a timeline on when that will happen. Analyst Tom Chapman says Golding's creditor status offers some comfort and he retains a buy call on NRW's stock. "Despite a lower margin base, NRW have 95% (of) FY 2025 revenue secured, and have near record order books across the board," Jefferies says. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

March 03, 2025 17:39 ET (22:39 GMT)

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NRW last week said its Golding unit is owed A$113.3 million by OneSteel and it is confident of being able to recover all of the outstanding amount. Still, it hasn't put a timeline on when that will happen. Analyst Tom Chapman says Golding's creditor status offers some comfort and he retains a buy call on NRW's stock. \"Despite a lower margin base, NRW have 95% (of) FY 2025 revenue secured, and have near record order books across the board,\" Jefferies says. 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NRW last week said its Golding unit is owed A$113.3 million by OneSteel and it is confident of being able to recover all of the outstanding amount. Still, it hasn't put a timeline on when that will happen. Analyst Tom Chapman says Golding's creditor status offers some comfort and he retains a buy call on NRW's stock. \"Despite a lower margin base, NRW have 95% (of) FY 2025 revenue secured, and have near record order books across the board,\" Jefferies says. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 03, 2025 17:39 ET (22:39 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7055","symbol_name":"建筑与工程","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2516366206","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2516366206","pubTimestamp":1741041540,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2239 GMT - The insolvency of OneSteel in South Australia hasn't shaken Jefferies's bullish view of NRW Holdings, which was a key engineering contractor at the Whyalla steelworks. NRW last week said its Golding unit is owed A$113.3 million by OneSteel and it is confident of being able to recover all of the outstanding amount. Still, it hasn't put a timeline on when that will happen. Analyst Tom Chapman says Golding's creditor status offers some comfort and he retains a buy call on NRW's stock. \"Despite a lower margin base, NRW have 95%  FY 2025 revenue secured, and have near record order books across the board,\" Jefferies says. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7055":"建筑与工程","NWH.AU":"NRW HOLDINGS LTD"},"translate_title":"北威州似乎能够吸收OneSteel的破坏——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NWH.AU":0.9},"content_text":"2239 GMT - The insolvency of OneSteel in South Australia hasn't shaken Jefferies's bullish view of NRW Holdings, which was a key engineering contractor at the Whyalla steelworks. 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