I had a quick look at the half year update this time last year to compare to current half year update . In 2015 half year profit was 16.3 ( however 1.5 was a one off gain of property sales . So underling was 14.8 m. Debt was 74m
In November 16 - PRT have guided to a 15.3 -16.3 m profit so an improvement on the core profit of 14.8 achieved in the first hald of 15 Furthermore debt 6 months ago was 65 m odd and I would expect this to be around 60 m following payment of dividend.
So we have a stronger profit and debt likely to be 14m dollars lower .
Now let's compare the SP and market cap
19 Nov 15 56 c / market cap 214 m
19 Nov 16 30.5 c / market cap 117 m
PRT Price at posting:
30.5¢ Sentiment: Buy Disclosure: Held
