NWK | Turning point
NWK Limited is an agricultural services business that operates primarily in the North-West province. NWK listed on 4AX on 28 September 2017. The company's financial performance is dependent on the South African maize crop. South African maize production has recovered from a severe drought in 2016. The record 2017 maize crop, and favourable weather outlook for FY ‘18 imply positive earnings growth for NWK. We expect 52.0% yoy diluted HEPS growth to 101.4cps in FY '18 and 35.9% yoy growth to 137.8cps in FY '19.
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