PWL - Powerwrap Limited

[System]

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

 

[cbconstructions]

why would you ever invest in a company that hasn't turned a profit?

 

[Smurf1976]

why would you ever invest in a company that hasn't turned a profit?

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.

 

[System]

On October 6th, 2020, Powerwrap Limited (PWL) was removed from the ASX's Official List in accordance with Listing Rule 17.4, following despatch of compulsory acquisition notices by Praemium Ltd. (PPS).