Australia's largest stock trading and investment forum Australia's #1 stock forum

PRT

Click for more information

0.00%

16.1¢ prt company limited

Wing it, I thought WIN network mainly sourced local content...

First 11 Last

Share
Profile

Follow
daicosisgod

11,826 Posts.

1255

19/11/17

08:04

Post #: 28924934
Share

Originally posted by Wing it ↑

Hard to believe that it's been almost a year and a half since I started this thread. I must admit that I still see a lot of value in the company and its management. (Although they do display a negative view at times on the future of regional broadcasting, it's interesting to hear the comments from WIN and Southern Cross Media - they are both quite optimistic regarding the future of their regional broadcasters. Probably one of the reasons Bruce Gordon was happy to become a substantial holder of PRT at 40 cents a share. If anyone has an inside to regional broadcasting it is definitely the Gordon family).

I'm still a holder at an average of 30 cents although I did sell some of my holding at just above 40 cents to take advantage of another investment opportunity. Out of that original investment though, I've received 3 dividend payments totalling 5.1 cents. Not a bad 18 month return on a 30 cent investment.

I do expect the next dividend payout to be slightly lower though - probably 1.5 cents versus 1.7 for the final half year. (It sounds as though they are still keen to pay of all remaining debt as quickly as possible).

As for a merger, I'm not 100% convinced that it will be with Seven network. The takeover of TEN by CBS for example, may leave CBS looking for a new 'dance partner' if the bridges can't be mended between themselves and the WIN corporation.

Foxtel is also still sitting on the side lines after missing out on TEN and still needs a free to air network if it's to get access to the sporting rights protected by the anti-siponing bill.

Expand

Wing it,

I thought WIN network mainly sourced local content through Channel 9 (NEC) so I am not sure why you say CBS will need to mend bridgesbetween CBS (channel 10) and WIN.

I would have thought CBS would salivate at the thought of acquiring the Prime content contract that Prime currently has with 7 West Media as this contract is up for renegotiation in 2018.

7 West Media has mooted a significant price increase is likely, but with CBS as an alternative I am not so sure. CBS has a huge war chest of cash and it will likely invest more to protect its new investment in Channel 10. A new content contract with PRT would be a good thing for CBS.

The landscape is now becoming very interesting and PRT shareholders are in the box seat IMHO.

GLTAH

PRT Price at posting: 31.0¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 4 more messages in this thread...

First 11 Last

Add PRT (ASX) to my watchlist