Thanks for the kind words, but probably overly generous. I just called it how I saw it.. I started buying PRT back in 2013, and was fortunate I suppose to get out with my shirt intact back then when it was trading at the lofty $1. Was lucky to trade it around the dividend a couple of times in 2014-2015, but probably really started diving in around 2015 around the 50c mark. Bought parcels at 50c, 41c, 30c and 25c, but wished I bought a heap more at the last price haha, despite being up to my eyeballs in the stock.
Like most here I'd imagine, it was pretty hard holding about 12-18 months ago, but you just had to back yourself in and realise that the market would eventually realise what this business was worth. I was also encouraged by the re-rating that eventuated with Mining Services, in terms of sentiment being extremely bearish to completely bullish again late last year. I don't suppose that will happen in the same way to the upside here, but we might get something entirely as exciting if the media reforms do eventuate.
PRT After getting rid of it's radio (might have not been the best thing to do but done now) and paying down debt steadily the fundamentals steadily improved and were unfortunately lumped in with the argument that FTA was dead before Netflix even arrived. Without even wanting to have that argument again it's clear by performance that regional media is not like its metropolitan peers, and then there's the case of quality internet speeds to boot...
Alas the juicy (10% +) dividends have been a nice little sweetener along the way, but I'm sure for most the real cake is starting to get to be tasted with the long awaited re-rate. I would be interested to hear what a wizard analyst like @madamswer actually thinks of this, but I will settle for analysis in terms of targets from @Wing it or even @Autosime who deserves a mention. I have probably have more modest targets to lighten some than others, as my capital is heavily skewed and the pool is smaller now due to other life commitments etc etc..
Anyway this never meant to be a an essay, but those familiar with me know I often can't help myself. GL to those in it, and I guess we will all look forward to more detailed commentary around results towards the end of this month.
Cheers
PRT Price at posting:
42.5¢ Sentiment: None Disclosure: Held
