Media stocks flying - nothing cheaper than PRT, page-4

At 14c market cap is only 51mexisting cash and net receivables over tradeables is circa 36 mso one pays 15 m for 21-22 m in cash flow in 20/21 I was listening to one of my favourite investment managers recently who was getting excited about a stock with FCF of 15% relative to market cap . PRT sits at about 42-43% What is even more compelling is as of today, I imagine cash would be closer to 21-22 m, up from 17.1 m. As the business stands I think I high teens SP is reasonable. If they can use cash and 21 22m cash flow wisely then 20-25c is on the cards within 12-24 months but that is based on an acquisition the market sees as a growth story The was I see it , if we assume a 21-22 m cash flow this FY and assume a linear cash accumulation , the stock becomes more valuable by about .36c per month. ( 22m divided by 12 =1.83m cash accumulation per month ( or .36c per month SP growth) it’s even better if you look at it on an EV basis Givenwe are now 3 months past end of June financials , the stock using this methodology is worth 1.08c more. Over 12 months the stock would be worth 4.3c more on cash flow growth alone the above way of looking at PRT is a base case approach from a DCF approach. The real opportunity for PRt lies is PE multiple expansion which will come from effective diversification. SWM up 30% last week and a bit , NEC approaching 2 dollars , even SxL which will be on job keeper until Jan as run up 10% based on comments that Calendar der year 20-21 ad revenue normalising