thats new orders of 5m not sales or revenue for the month - it is a spoof announcement - the kind of thing most companies would have drinks on Friday night to celebrate record new sales but PWT feel the need to announce it to the market. Pretty silly to put it up 14% on the day but the best bid is $1.41 so next week it will probably go back where it came. They are still losing money but keep quoting EBITDA in all their announcements to say they made a profit. Cashflow is about neutral. That said I am looking to invest here for the long term but will happily miss the trade if people want to jump on 1 months orders figures - by that count it should go up 100% if they actually make a profit!
PWT
powertel limited
thats new orders of 5m not sales or revenue for the month - it...
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