Hi bambam074 Like some other HC contributors I have owned PTB...

Hi bambam074

Like some other HC contributors I have owned PTB for several years. It is a small part of my portfolio - fair fundamentals in a niche businesses with considerable barriers to entry. NTA is useful for LICs, property trusts and a few other types of businesses. Using NTA, for PTB, would be, IMO, a small consideration. PTB has a ROE of approx. 8%, moderate debt levels and for the last five years a slight increase in EPS. I view it as a fairly reliable dividend stock with slow EPS growth.

Regards

Old Fisherman