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Franked dividends should be restored, the debt is eminently...

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daicosisgod

12,602 Posts.

1328

10/08/19

09:52

Post #: 39949295
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Originally posted by Wing it ↑

Companies are not required to give a market up-date but when one is made, as is the case with PRT, they are required to make a further announcement if guidance deviates by more than 15%. As nothing has been forth coming we can confidently assume that the guidance made in June still stands.

EBITDA between $36.5 and $38.5 million.
Core net profit between $16.0 and $18.0 million.

https://www.asx.com.au/asxpdf/20190604/pdf/445lt3fmmdj9pv.pdf

The advertising market has been challenging the last few years but hopefully with the cricket as well as the Boomtown campaign up and running, PRT will come in at the top end of guidance. Can't remember the exact figure of the top of my head but remaining debt must also be very close to being fully paid down as well. Maybe they can now spare a few dollars to put towards a fully franked dividend!!

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Franked dividends should be restored, the debt is eminently manageable.

PRT Price at posting: 21.0¢ Sentiment: Buy Disclosure: Held
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