PTN have just announced massive changes to the management of its operations which will give the company greater flexibility to, as the announcement says "become the country’s largest owner of Retirement Resorts".
Previously it was hamstrung by the exclusive deals in place with companies associated with MD and largest shareholder, Bill Lewski.
Effectively he got it coming and going and thankfully, the Board have now unravelled this. Lewski is no longer MD and a number of the deals have been dismantled.
Specialist mergers and acquisition company - Kidder Williams - are now heavily involved and have stated that they intend to get PTN merger ready or acquistion ready.
Interesting times and at last the share price should be unlocked as PTN now becomes attractive to the instos.
Get $1.05 in bricks and mortar NTA for just 60 cents or thereabouts with a 14% fully tax deferred divvy.
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