PTL 10.3% 21.5¢ prestal holdings limited

@_5had0w_ good luck of course. time will tell, you may be proved...

  1. 1,222 Posts.
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    @_5had0w_ good luck of course. time will tell, you may be proved right. But I would just add. by far the majority of their revenue is in australia 97%ish I think? Happy to be corrected but I believe it is about that much. So, with the australian part of their business going badly it may be possible to be out of it and buy back in much lower, 25, 30c. they acknowledge the business is facing the same headwinds in the second half as it faced in the first half. surely that will mean that the sp will go down further from here. Even if China keeps growing massively, it is a long long long way from making up for the downturn in the aussie business. if one of the institutional holders tries to get out or even significantly reduce their holdings the sp will tank badly from here. So far they have stuck firm but I think retail holders are looking at a possible significant loss even from these levels.
 
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