PWL 3.28% 29.5¢ powerwrap limited

Current MC of PowerWrap at $0.42 is $86.44m Taking a look at...

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    Current MC of PowerWrap at $0.42 is $86.44m

    Taking a look at competitors on the market, NWL and HUB:
    NWL current MC is $2.27bn (slightly lower in June 30) - FY18 net profit (before tax) was $20.8m
    HUB current MC is $837m (slightly lower in June 30) - FY18 net profit (before tax) was $9.8m

    At a share price of $1, that gives PowerWrap a MC of approx. $205.8m, however is still currently loss making and forecasted to continue being a loss making company in FY19 and FY20. However, I believe there is a lot of potential for PWL to grow significantly in the coming years and will not be surprised if the share price rockets in the short term on that belief.

    We'll have to see if big funds continue to take up positions in the company in the next few weeks, this could go up to $1 SP just on the basis of the potential in PWL.
 
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