PWR - Technical charts experts, page-3

NTA is 16.97c Hi Tarax, NTA is 16.97c--this may change as there are some non cash writedowns of intangibles--the forecast for 25 million cash in the bank by June 30th is correct>>only thing is they need to pay for IMX (The American Express business)(for this was a business that they purchased that has performed well--so I gather this is one they will keep (conjecture on my part) (I think reasonable for me to assume that)
Commonwealths Bank original average price paid is 12.5c adjusted for stocksplits and you can see within the current share trend some support at this price.
There has been heavy institutional selling occuring by ING over a number of months who state they want out of the stock Deutsch cut there holding several months back (although valuing at 35c when they did so) the company is restructuring, the M.D. states that by June 30th he wants a new Powerlan (even a change of name)
The stated business objective is to get out of businesses that have a 5 to 7% margin and get into businesses that have more like 35%---hence the recent sale of a date storage business to DVT Holdings (who have the economy of scale to drive the efficiencies needed to make it work)--without refering to some of my old research notes--just off the top of my head if you divide the number of shares on issue by the total cash (adding Clarity) you get something like 5 to 6c in cash for eveery share on issue.(please do something more exact than I have above)
Estimated full year net profit is forecast to be 12.3 million, the last one was 6.08 million>>>unique to Powerlan is the companies pledge (which is in the company announcement section and also on website) we want to grow but we always want to make a profit--so with whatever we do we will not sacrafice profit for growth---this is unlike many other tech stocks who do as you know many times run at losses in oreder to obtain growth.
The second half is subject to speculative risk and some uncertainty for as yet the company has not revealed in more precisie detail what sort of businesses that they may acquire.
Clarity is fine (going on the company announcment section) the directors made cost savings and have kept all forecasts and Clarity has even won two contracts Western Power in Perth and another in India>>>it is forecast to be cash flow positive by June 2002--at the last commitments to test first entity--it showed they were well progressed towards that goal.
Much rumour and innuendo surrounds the company, which has added to the negativity.
The sector it resides in (same as Kaz) is bearish (I believe getting a tad better) (opinion) I monitor Microsoft and a few others in the States>>for transmission effect.
Invited to barbeque this weekend an associate of PWR will be there--ears open. On share trend one ray of sunshine today was that it did not retreat to 13.5 but held 14>>>15 has come up in the trend a number of occasions this week. I believe basically once ING raks off (lol)--at least the selling pressure won't be so bad and some sort of upside can be obtained. (speaking just charting--without looking at the company itself as I have above)
Cheers,--BK.