I’ve done a quick review of ASX announcements for PTB back since it listed in 2006. Gee, what a checkered history of biting off more than they could chew/manage resulting in a huge destruction of shareholder value. Aircraft trading and leasing, coupled with being exposed to engine technology and mature airframes that became obsolete exposed PTB to a whole lot of risk that they couldn’t control.
Saintly96, do you have a view on what’s different this time around? Are the same management still involved? What have PTB learnt over the last 15 years?
The Prime Turbine transaction does however appear to be sticking to their core business that some of the past transactions.
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