This has got to be one of the most under the radar stocks on asx. With media reform laws taking place including licence fee reduction and core npat expected to be in the 33.5-35m range this is grossly undervalued. Not to mention the fully franked dividend it provides in the 9% range. I know revenue is expected to drop 2% annually due to digital pay view platforms but I see true value here for years to come. In my honest opinion media industry as a whole have painted a far worse picture than reality of current condition to help get media reform bill passed. Honestly see it going to skyrocket when parliament re-sits after break.
PRT Price at posting:
39.5¢ Sentiment: Buy Disclosure: Held
