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
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Last
$1.69 |
Change
0.010(0.60%) |
Mkt cap ! $291.1M | |||
| Open | High | Low | Value | Volume |
| $1.67 | $1.73 | $1.67 | $205.8K | 120.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 9169 | $1.69 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.73 | 6028 | 2 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| PWR (ASX) Chart |