Ann: Reinstatement to official quotation on 24 November 2020, page-13

Will be interesting to see how PTG trades today. Seems like good value at these levels. DOU has zero revenue and a market cap of $180m. PTG has a market cap of circa $30m with $11m in revenue and is Australia's leading real estate CRM. The acquisition from Domain seems cheap and with state governments looking to offer stamp duty reductions we could see a very busy next 12 months as property concessions are granted to keep the economy ticking over. Add to that there is significant scope for expansion into NZ and the UK. Also the management team was behind Mitula which was sold to a a significant Japanese search group for $180m so they know what they are doing. Quietly confident on this stock.