PTL 0.00% 18.0¢ prestal holdings limited

So was trying to find an explanation for PTL back at 39c.If my...

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    So was trying to find an explanation for PTL back at 39c.

    If my figures are correct HwB only had $7m in revenue in H2, the risk is that there will be some mean reversion back towards pre-pandemic.

    HwB Sales
    2020 - 15m
    2021 - 24m
    2022 - 37m

    Some speculation -

    My analytics for their search and website suggests the weakness in H2 is continuing so if they were to revert to more of a pre-pandemic trendline they could do 20m in sales which would be about a -2.5m NPAT segment decline and would create a PTL pro-forma NPAT of $5.5m for 2023 valuing PTL at 12x.

 
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