19 million trade in one transaction11.27amSource S, page-40

>>>>>valuation 24c>>>>>39c estimate >>>>>valuation 24c>>>>>39c estimate>>this is obtained by multiplying the companies last known eps figure first half report of 1.6c by what seems to be a consensual standard of 15 the figure arrived at is 24c>>>on the extreme. The company is being restructured with change of name (stated intention of MD>>>he gives a time frame of June 30th)
The focus is on not so much revenue but increasing margins from 5% to 7%-to more like 35%.
Unlike many other "tech" stocks, the managements aim (refer company announcement section) is always with whatever they do to run at a profit>>>never to run at a loss just for the sake of pursuing growth.
Estimates of the second half and the full year profit vary>>the most conservative is for a full year profit of 12.3 million dollars>>if we were to add (which is reasonable) another 1c to the 1.6c eps obtaining 2.6c then we were to multiply by the same 15>>>>a valuation of 39c is obtained. The sector PWR resides in is bearish>>>but getting a tad better in the authors view.>>>Cheers,--BK.
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