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#Bull Case
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Added 2 years ago

PWR 's H1 results released this morning was better than expected re-confirming my view that they currently represent a great value and growth opportunity.

Extract of release follows:


22 February 2022

Peter Warren Automotive Holdings Limited H1 FY22 Result:

Peter Warren Automotive Holdings Limited (ASX: PWR) (“Peter Warren” or “the Group”) announces its financial result for the half year ended 31 December 2021, delivering strong growth on prior year and performance well ahead of Prospectus forecasts

Highlights:

• Underlying Profit Before Tax (PBT) of $36.3 million, up 35% on prior year

• Acquisition of Penfold Motor Group in December 2021, providing immediate scale in the Victorian market

• Inaugural interim dividend of 9.0 cents per share, fully franked

• Strong financial position, with a capital structure that supports Peter Warren's growth plans 

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