Morgans Conversations: Video with Kees Weel, Founder and MD, PWR
Kees Weel , founder of PWR discusses the history of the business since listing as well what they are seeing for the future.
SINCE IPO : (The company ) “It’s been strong.. and since the float it’s been out of control..”
BALANCE SHEET: “We’ve had a very strong balance sheet since day one , and that allows you too , I won’t say “spend freely”, but.. it gives you a lot more freedom in things you believe in yourself”
TEAM : “I’ve got a team of people that have been around me for a long time and know how we tick.. our engineering staff in the business has been very strong”
PACE: “If you don’t know your business well.. and you get conjecture or torn.. it just holds your business up, so I think that’s been a big part of our business to move free as quick as we have”
MARKET LEADERSHIP: “We’ve always said we manufacture pretty good stuff.. to be a leader in anything you have to lead with a passion and self belief and that’s what we have…”
TECHNOLOGY: “PWR is a technology company without a doubt.. and by the way we manufacturer nice pieces of kit!”
OUTSIDE OF FORMULA 1 : “Now it’s (The company ) going in to cooling computers for autonomous vehicles. We are very heavily involved in that… We see a very good space in aerospace and high end military”
FY RESULT COMMENT : “The FY was strong….We know where we are , and we know what our future is…
OUTLOOK: “looking ahead it’s very strong… It gives us a lot of confidence in spending the capex where we need to spend it”
1 stock mentioned
Stockbroker at Morgans with a particular interest in profiling entrepreneurs, business leaders and emerging technology companies. Podcasts/Videos will be published here and or on Morgans website.