PWR 0.00% 1.7¢ powerlan limited

will powerlan achieve a p/e of 4

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    Powerlan has undergone a healthy surge in the last few days, however this appears to be based on the information that PWR has at last returned to profitability. This may be a false hope as the cash flow for the last financial year was negative and the profit only came from the sale of some businesses. However PWR is achieving profits. The july cash flow indicated it was plus $400k. The potential for turn around will be confirmed by the next two monthly statements. If these are also in the $400k mark then I can see PWR being 10c before the end of the year, this would be despite the negative assets. Still pretty risky though
 
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