Hi posters, I haven't posted here before but I also have accumulated a fairly large amount of stock, close to 2million shares. I'm a little concerned that the Chairman stated at the AGM that he may cease dividends and reduce debt due to the cross media laws not being passed. I am contacting the Chairman this week as my Broker is also to implore him to keep paying dividends that are important to many of his retail shareholders.
The company looks to have reasonable earnings and the outlook for regional and rural Australia looks robust that should see some of these increased dollars spent on Rural TV advertising.
If dividends are one of the reasons that you hold and/or accumulate the stock I hope you contact the company and let the Chairman know your views via a phone call or an email.
They can be contacted on [email protected]
Phone 0262423700
PRT Price at posting:
32.5¢ Sentiment: Buy Disclosure: Held
