Well for once there is an ANN that long term holders can take confidence in.
Advertising revenue down 8% on last year to Oct but Dec is UP 8% due to cricket, should expand throughout year as a solid pricing model can now be followed.
PRT is in discussions regarding consolidation of media industry, encouraged by recent activity. Opens up the prospect to be acquired by advertising companies or major looking for regional assets/exposure.
And my personal favourite! 50% reduction in management, less dead weight and share handouts. Core personal handling business for fraction of the cost.
Finally some sort of accountability for those who have allowed the capitalisation fall and stagnation of progress/adaptation to the current environment.
Some rare glimpses of management showing confidence and highlighting positives of PRT.
All in all well done for acknowledging shareholders discontent and good work on the redirection of the future outlook for company.
PRT Price at posting:
22.5¢ Sentiment: Hold Disclosure: Held
