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OTR - Onterran Limited

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Hey Every1, I am new to sharetrading and researching all different companies. I came across NOMAD and realised they just went public in October. It started 1.40, and now 1.95, been to 2.28 by looks and div paid interim of 3.5 cents f/franked.... I'd guess another 1 in about 4 months. Was wondering if any1 here has these shares or would have any more insight on them? I believe its a good strong company with little competition.
thanks.
 
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Re: NOD - Nomad Building Solutions

Hey Every1, I am new to sharetrading and researching all different companies. I came across NOMAD and realised they just went public in October. It started 1.40, and now 1.95, been to 2.28 by looks and div paid interim of 3.5 cents f/franked.... I'd guess another 1 in about 4 months. Was wondering if any1 here has these shares or would have any more insight on them? I believe its a good strong company with little competition.
thanks.
MAC Services is about to float to provide you with some competition
 
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Re: NOD - Nomad Building Solutions

Nomad charging up to $3.15 this morning

Recent press in smart investor magazine tipping Nomad to be a great growth story - beautiful chart

I wish I had spare cash to buy some of these
 
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Re: NOD - Nomad Building Solutions

What's happened to poor old NODdy?

Thought I'd done some brilliant research a couple of months ago and bought a few. Since then the SP has been on a nicely downward trend despite some good news in terms of acquisition and contracts gained. :(

Apart from the general market malaise, and the sudden "unfashionableness " of stocks associated with mining services, is there any other reason specific to NOD to account for this?

Any ideas would be appreciated.

:)
 
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Re: NOD - Nomad Building Solutions

I do not hold these but hold Fleetwood,same type of temporary accommodation business.FWD have complained for a couple of years now about the availability of labour slowing down their progress.Plus another idea could that there is going to be a slowdown...due to world economic slowdown...in the mining industries.
Just a few ideas...may or may not be valid for Nomad.
 
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Re: NOD - Nomad Building Solutions

Thanks, robert.
Good points although shortage of labour is not new. Its ironic that demand for mining services seems to be at a peak at the same time as the SP's of these companies is weak!
I notice that FWD's SP is down 26% from its high. NOD's is down 40%!
Might be time to buy a few more before the SPP closes today.

;)
 
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Re: NOD - Nomad Building Solutions

I have not got the nerve to buy anything lately...but I did put in low-price today for nhf (nib health) ...I regard them as relatively defensive...I do not expect to be successful ,but who knows in this climate,most shares are getting slaughtered and if there is a turn around how long will it take.
Have faith!
 
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Re: NOD - Nomad Building Solutions

Hi NODdy followers - are there any out there? A very dead thread.
I have followed the SP for 6 months and has been a downward story, however yesterday's Intersuisse report was quite confident and encouraging. Have taken an excerpt for your information.

Impact Some fall in the share price was inevitable and justified. NOD will not
grow as fast as some might have hoped. However, even with no growth or if
profits come under such pressure as to return to FY07 levels, fundamentals
would be attractive with a sub six times P/E and franked yield over 8.5%.
But in fact we expect figures in the order of those shown in the table. NOD
dividend guidance is for 50% payout and franked. NOD’s customers include
substantial mining and resource groups and the company says it will benefit
from some slowdown in its sectors.
Recommendation Impact We see
””no premium, although NOD is in a sector with sound long-term prospects
””no reason for a discount for excessive debt – which is clearly not present
””no sign of irrational exuberance by executives who have ‘skin in the game’
””no guidance indicating fears for a collapse of contracts or business
In fact, we can only attribute the current price to NOD being overlooked by the
market, creating a special opportunity to buy into the long-term growth
prospects for the resources accommodation suppliers, at knock-down prices.

I am interested in people's reaction and analysis.
When I looked at the business I would not have been able to foresee "some fall in SP was inevitable and justified." Hindsight is a wonderful thing. Of course I am more concerned with the validity of their predictions and thus would value any reader's considerations.
Cheers

Golf
disc: I do not hold.
 

michael_selway

Coal & Phosphate, thats it!
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Re: NOD - Nomad Building Solutions

Hi NODdy followers - are there any out there? A very dead thread.
I have followed the SP for 6 months and has been a downward story, however yesterday's Intersuisse report was quite confident and encouraging. Have taken an excerpt for your information.

Impact Some fall in the share price was inevitable and justified. NOD will not
grow as fast as some might have hoped. However, even with no growth or if
profits come under such pressure as to return to FY07 levels, fundamentals
would be attractive with a sub six times P/E and franked yield over 8.5%.
But in fact we expect figures in the order of those shown in the table. NOD
dividend guidance is for 50% payout and franked. NOD’s customers include
substantial mining and resource groups and the company says it will benefit
from some slowdown in its sectors.
Recommendation Impact We see
””no premium, although NOD is in a sector with sound long-term prospects
””no reason for a discount for excessive debt – which is clearly not present
””no sign of irrational exuberance by executives who have ‘skin in the game’
””no guidance indicating fears for a collapse of contracts or business
In fact, we can only attribute the current price to NOD being overlooked by the
market, creating a special opportunity to buy into the long-term growth
prospects for the resources accommodation suppliers, at knock-down prices.

I am interested in people's reaction and analysis.
When I looked at the business I would not have been able to foresee "some fall in SP was inevitable and justified." Hindsight is a wonderful thing. Of course I am more concerned with the validity of their predictions and thus would value any reader's considerations.
Cheers

Golf
disc: I do not hold.
Hm is it a risky business?

Earnings and Dividends Forecast (cents per share)
2008 2009 2010 2011
EPS 19.5 24.0 25.9 27.1
DPS 9.5 11.0 11.3 13.0




thx

MS
 
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Re: NOD - Nomad Building Solutions

I tend to agree with Intersuisse that NOD has been overlooked and oversold by the market, but then so have a lot of other stocks.
Prospects for the current year look to be promising with large contracts with major miners like BHP and RIO in progress or pending. Company is targetting 50% of revenue this year from non-mining sectors but in any case I reckon the market is overplaying the effect of the commodities downturn as far as NOD is concerned.
Perhaps recent selling results partly from a overhang of stock from recent acquisitions? I havn't checked this so DYOR.
Company is confident about the current year. Labour availability has been an inhibiting factor in recent times and this should now be freeing up somewhat.
I'm holding a few.
 
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Re: NOD - Nomad Building Solutions

21 August 2009

$51m contracts for Rapley Wilkinson

Nomad Building Solutions Limited (NBS) advises that its wholly owned
subsidiary, Rapley Wilkinson Pty Ltd has been awarded contracts valued at
$51m, completing a very successful 3 month tendering period culminating
with the awarding of the construction of the new $18m Karratha Primary
school for the Western Australian State Government.
In addition to the above contract other work won includes renovations and
new work for Local, State and Federal Government agencies ($13m),
resource companies ($13m) and private clients ($7m).
All projects are located throughout the Gascoyne, Pilbara and Kimberley
regions of North West Western Australia.
Work has commenced on a number of these projects and is programmed to
continue until October 2010. Approximately 80% of the revenue from the
contracts will be realised in the 2009/2010 financial year.
NBS’ Managing Director, Alan Thomas, said award of these contracts was an
excellent result for Rapley Wilkinson and evidence of the full range of
services that the business offers.
“Rapley Wilkinson’s name has been synonymous with construction in
regional WA for more than 30 years. The variety, range and nature of these
contracts are evidence of the diverse skill set within the Rapley Wilkinson
business.”
Other companies in the Nomad group include the Western Australian and
Queensland based modular construction specialist Nomad Modular Building,
the transportable homes manufacturer McGrath Homes, and Brisbane-based
factory constructed home specialist Halley Homes.
 
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Re: NOD - Nomad Building Solutions

Here is a three month chart for NOD

strong buying over the last month - closed today at 94.5c and touched $1 at its peak today - in a definite uptrend and very bullish IMO
 

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Re: NOD - Nomad Building Solutions

Closed at $1.06 today with strong buying evident. Hartleys has initiated coverage labelling nod as undervalued compared to peers. It has a forward p/e of 8.4 withan industry average of over 11.
They have a $1.39 price target
 

skc

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Re: NOD - Nomad Building Solutions

Closed at $1.06 today with strong buying evident. Hartleys has initiated coverage labelling nod as undervalued compared to peers. It has a forward p/e of 8.4 withan industry average of over 11.
They have a $1.39 price target
This is turning out to be the best trade of my (6-month) trading career. Made the call earlier here...https://www.aussiestockforums.com/forums/showthread.php?t=15688&page=3

entered at 42c, got shaked out at 71c, re-entered at 75c. I have a target of $1.2 based on technical analysis, and will take half profit there while trailing the rest.

The fundamentals are also quite promising. Very cheap value-wise and with upside like potential Gorgon contracts. A decent income stock even if just holding for yield.
 
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Re: NOD - Nomad Building Solutions

Two substantial shareholder notices from NOD today.

Investco Australia and Aviva Investors both now holding a bit over 5%. Will have helped the SP in recent weeks.

;)
 
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Re: NOD - Nomad Building Solutions

Would someone like to make the bear case for this stock and tell me why NOD is not a buy right here under 90 cents?
 
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Re: NOD - Nomad Building Solutions

Bear points:

  1. Price / NTA is greater than 3. From an asset perspective, quite expensive.
  2. Operating expenses have blown out big time - despite the surge in revenue profits dropped in 09.
  3. The current ratio of the company is <1, potentially indicating a liquidity problem.
 
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Re: NOD - Nomad Building Solutions

Bear points:

  1. Price / NTA is greater than 3. From an asset perspective, quite expensive.
  2. Operating expenses have blown out big time - despite the surge in revenue profits dropped in 09.
  3. The current ratio of the company is <1, potentially indicating a liquidity problem.
4. A small paragraph in the Chairman's Report.

"NOD is experiencing increased competition from imported product in the modular mining camp accommodation sector. We are monitoring the situation and remain confident that your company will continue with its innovation to offer a superior solution for our customers."

I don't know how much of a threat that is but the strong AUD won't be helping NOD's competitive position.
 
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Re: NOD - Nomad Building Solutions

Profit guidance from the company for 2009/2010:

Small loss expected in the current six months to 31 December, a profit of $10m - $12m for the full year.

Market shows its disappointment by marking the SP down around 13%!

:(
 
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