PWL 0.00% 32.5¢ powerwrap limited

Finally starting to build some momentum after being smashed down...

  1. 534 Posts.
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    Finally starting to build some momentum after being smashed down aggressively...must have been some angry tired sellers who have had the stock for a while pre-ipo.
    from what I can tell on the street, they are getting some wins out in the market from decent size breakaway advisers from the big banks and money managers who are setting up shop on their own.
    This trend will only continue and the average Fund size should be bigger when transferring to Powerwrap platform.
    i also see that Escala are expanding interstate, so this should bring some more FUA to the business.
    we should get an update once the end of year numbers are released and a bit more colour as to how the business is tracking.
    Right now the valuation is very compelling when looking at any of their listed competitors..
 
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Currently unlisted public company.

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