PTB 0.00% $1.60 ptb group limited

The Company is travelling slightly better than forecast, as the...

  1. 3,752 Posts.
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    The Company is travelling slightly better than forecast, as the Brisbane workshop and Parts business are very strong.
    It's too early to tell with the Prime acquisition; on the other hand, synergies outlined in the capital raising document could well be understated IF, over time, Prime customers take to the Engine Management Program the way PTB's customers in Australia have.
    It's important to remember that this whole growth strategy has been a decade or so in the making. Rest assured, this consistently conservative management have put tremendous thought into what they're doing.
    The dividend will surely be 2.5c ff in H2. The quality of what underpins operational cashflows allows the company to maintain a high payout ratio whilst pursuing growth. They are also consistently disciplined in extracting cost savings across all areas.
    It's this DNA of the company that the market doesn't yet fully understand.


    Last edited by Tapdancer: 27/07/20
 
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Currently unlisted public company.

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