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32.5¢ powerwrap limited

41% revenue coming from one party with 3 year contract. that's...

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andy909

127 Posts.

5

29/04/19

23:27

Post #: 38315290
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Originally posted by Connorh: ↑

I for one am very interested, with $7.6 billion under administration and over 5000 individual investor platforms, I think this could be a decent buy and hold forever type investment if it can get it's P+L in check. A small drop in the water compared to Challenger, and seeing as it has a projected loss of $4m in 2020 I think I will be watching this from the sidelines until either a substantial movement away from the banks for investments or just a large growth in funds under management occurs.

But I am very curious on what others think about this IPO, certainly one of the more large scale ones in a while.

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41% revenue coming from one party with 3 year contract. that's huge risk for me. nevertheless will do well in the short term and if they can fend off competition from other challenger providers then definitely there is market share up for grabs and a potential cross selling revenue after that.

PWL Price at posting: 0.0¢ Sentiment: Buy Disclosure: Not Held
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