PRT prt company limited

Investment case

  1. 20,888 Posts.
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    Guys
    feels llke there is nobody else invested here
    i have bought a few at 8.9 and 9c in preparation for results
    I have based this decision on a few things
    firstly SXL result was Better than I thought
    second - my assumption is they increased their net cash position over last 6 months
    the benefit of the govt support I estimate as the following
    grant 4 m
    Jobkeeper 3 m
    licence fees 4 m ( kind kind this figure - thought it was 6 m but can’t locate
    11 m benefit for 32 m business
    other benefits include the war reductions and hiring freeze
    my third reason for investing is as of Dec they had receivables and cash 20m above payables and debt.
    i appreciate is a struggling sector but these numbers allow for dividends to recommence next year and provide cash flow to diversify and ofcourse make it highly attractive to Seven
    let’s see if my analysis proves to be correct in 1 week
 
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Currently unlisted public company.

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