PTL 0.00% 8.4¢ prestal holdings limited

The rug certainly got pulled relative to the peak.The question...

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    The rug certainly got pulled relative to the peak.
    The question is how low can it go?
    32.5c, with an expected capital return of 18 cents and a special dividend of 7 cents. Crude calculation without franking rebates is circa 25 cents, so a valuation of 7.5cents for the hampers business.
    maybe an arbitrage play coming up but be careful not to be left holding the bag.
 
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