Powerlan, page-36

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.