Yes Jimmy
it is true the revenue and profits have declined . But I still see value , not only on the PE metric , but the fact that cash conversion is strong , cash flow will see them be net cash within 9 months and they have taken the hit with the affiliation renegotiation thus the stepped change in costs will be flat for a few years . I do think Prt play a valuable role in Regional Australia and I think recent price weakness is due to Gordon being forced to sell back down to 15% by ASIC so I think 64 m market cap is fair value .
- Forums
- ASX - By Stock
- Ann: FY19 Results Announcement and Presentation - Correction
Yes Jimmy it is true the revenue and profits have declined . But...
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
CC9
Chariot Corporation (ASX:CC9) refines Black Mountain strategy, launching Pilot Mine to seize U.S. lithium opportunity