If you re after a budget rod, then its ok, but i wouldnt want to catch anything too hefty on them.
If you want a cheap feeder rod, take a look at the Leeda XGT feeder, usually get them for around 30-40 quid, and they are very good for the price.
Try here!http://www.climaxtackle.com/leeda_match/xgt_feeder_rods.htm
Ive got the power waggler, and had carp to double figures on it no problems.