PWR just keeps going down until - 30/06.
If there has been any deviation to the profits to 30/06 that they have previously projected, they would have announced it. This is just prudent management.
Assuming that the forecast still holds then they are on a very cheap PE ratio (roughly PE of 4 or less), they have acquired Clarity.
I like the company's focus on profitable business and sale of non-performing assets.
Whatever the motive for ING to get out, I dont know. However the Market Cap is certainly less than $100M probably near $60-$70M. We only have a few days to end of financial year.
Is the industry/sector that much on the nose, Data3 (DTL) announced today that they forecast record revenues and record profits (they too are IT service company).
I hold PWR and am considering buying more.
Powerlan, page-36
Add PWR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.82 |
Change
-0.065(3.45%) |
Mkt cap ! $313.5M | |||
| Open | High | Low | Value | Volume |
| $1.87 | $1.87 | $1.81 | $89.27K | 48.84K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 3975 | $1.83 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.86 | 1500 | 1 |
View Market Depth
| Last trade - 10.33am 01/08/2024 (20 minute delay) ? |
| PWR (ASX) Chart |