I give you this guarantee on Powerlan I give you this...

I give you this guarantee on Powerlan I give you this guarantee----Ironclad on Powerlan>>>just like ERG>>>I'm better researched than Rene Rivkin---it won't go bankrupt>>>net asset backing is 16.97c>>>the company is restructuring>>>they are getting out of low margined business that only return 5 to 7% and getting into businesses that have a 35% margin---now they have done that in consultation with the institutions>>>Theo states that if you read between the lines in the company announcement section.
The stock is in a woefully bearis sector>>>just like Kaz>>Kaz is a lot better established>>>but if you read the latest reports on Kaz>>>same thing>>>sell it>>well Ive been mnonitoring Kaz for two months>>>>all I can say is if you sell in the low thirties you are selling at the bottom in the share trend>>>>and you would be selling a fine company.
In Powerlans case>>>>the second half is not a rumour>>>the second half is honestly and forthrightly stated>>>>restructuring>>>so one thing the market does not like is uncertainty>>>this is understood>>>through time though>>>>it will be subject to the euntrepenurial skills of the management>>I'm confident in that regard>>>it's got speculative risk attached to it>>>>ofcourse it does>>but what doesn't in the price range?
Estimates for full year net profit are 12.3 million dollars>>>the last half year was 6.08 million>>>a big fund called ING have been selling it>>>sector reweighting>>>>Clarity on track to be cash flow positive by June 2002>>>so far checking the company announcement section>>> the quarterly cash flow statement reveal that the directors forecasts have been correct to date.
Cheers,--BK.
Cheers,--BK.