• Australian (ASX) Stock Market Forum

Hello and welcome to Aussie Stock Forums!

To gain full access you must register. Registration is free and takes only a few seconds to complete.

Already a member? Log in here.

PWL - Powerwrap Limited

Discussion in 'Stocks I-P' started by System, Apr 26, 2019.

  1. System

    System Administrator

    Posts:
    2,431
    Likes Received:
    36
    Joined:
    Jun 27, 2010
    Powerwrap is an innovative technology service provider operating in the Australian financial investments market (which includes managed funds, direct investments and term deposits, but not direct property investments).

    Powerwrap has developed a specialised platform used by groups of financial advisers, wealth managers, brokers and accountants to manage and administer the investment portfolios of their clients, including in particular High Net Worth (HNW) investor portfolios.

    Powerwrap currently services Funds Under Administration (FUA) of $7.6 billion for the underlying investor clients of over 255 financial advisers, which amounts to over 5,000 individual client platform accounts.

    Powerwrap's headquarters are in Melbourne, with an office in Sydney.

    It is anticipated that PWL will list on the ASX during May 2019.

    https://www.powerwrap.com.au
     
  2. cbconstructions

    cbconstructions

    Posts:
    1
    Likes Received:
    0
    Joined:
    Jun 15, 2019
    why would you ever invest in a company that hasn't turned a profit?
     
  3. Smurf1976

    Smurf1976

    Posts:
    8,934
    Likes Received:
    2,118
    Joined:
    Feb 14, 2005
    As a generic answer not specific to this company - you'd invest in anticipation of potentially very large share price gains if the business does indeed become profitable.

    Pretty much every major company that's around to day, from BHP to Google, has been unprofitable at some point in its history.
     

Share This Page