The to be discontinued dairy operations contributing a loss of close to A$20 million (albeit $17.5 million is 'non-cash impairment' of assets) is disastrous.
However 'Mr Market' looks fowards, which may explain the SP rise thus far to A$0.39 (a significant rise of 11.4 per cent) in trading today to 1430 hours.
While I sold PTL at a profit, in retrospect despite its previous core business of selling White King cleaning products being less 'sexy' than Maggie Beer's gourmet food offerings, PTL has proven thus far to be the better micro/small capitalisation listed company.
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