Prime outlook, page-37

Jimmy
Welcome back - every time you post on PRT the Sp seems to rally 15-20% . Hope this is no exception lol
Seriously though - your entire bearish case on why not to buy PRT rests on Seven increasing its % take of content in 2019. You make the simplistic assumption that screwing PRT short to medium term is preferred outcome for seven but I would suggest its the reverse. You also seem to not acknowledge that BG would be completely aware of this risk and would not be buying PRT to allow such an eventuality. Similarly what value do Spheria see in PRT, given they to would have incorporated this risk. It's risk no doubt but you seem to fixated on this without enough of an openness to other possibilities