Yes Jimmy it is true the revenue and profits have declined . But I still see value , not only on the PE metric , but the fact that cash conversion is strong , cash flow will see them be net cash within 9 months and they have taken the hit with the affiliation renegotiation thus the stepped change in costs will be flat for a few years . I do think Prt play a valuable role in Regional Australia and I think recent price weakness is due to Gordon being forced to sell back down to 15% by ASIC so I think 64 m market cap is fair value .
PRT Price at posting:
17.3¢ Sentiment: Buy Disclosure: Held
