PWR 3.79% $1.65 peter warren automotive holdings limited

good announcements but no breakout

  1. 5,382 Posts.
    G'day
    Chartwise I've noted the possibility of another breakout, just not happening though. Latest announcements sound pretty good, heres a section from the latest.
    any comments
    Cheers
    Rod
    I've had a dabble


    CASHFLOW
    The Directors nmde a statement in the 2002 Annual Report that Powerlan wasthen
    secking additional funding. The Directors now belicvc thcrc is no requirement for such
    funding. They believe that cash inflows from contracted business are suflicienl lo
    prnvide the basis of the intended funding requirements and that forecasled cash inflows
    are sufficient to allow Powerlan to pay its debts as and when they fall due and that
    Puwcrlan is solvent and has no reason to believe rhat it will not continue to be solvent. It
    should also be noted that should an additional buffer be required the Chairman has
    provided a $2.2m line of credit to Powerla secured by his personal assets.
 
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Last
$1.65
Change
-0.065(3.79%)
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Last trade - 16.10pm 27/11/2024 (20 minute delay) ?
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