Hold tight till 2019-2020, page-35

Hi Puck2, Concerted effort in the right direction by management, do agree with you. Lately no surprises, what management says they deliver . (e.g. debt reduction better than expected, profit at higher end of the range, also seems to have received or will receive upfront payment of $15million from PRT, stepped up from last year for content). Certainly winning my trust back in them.

Below posted PRT results presentation....see the $15 million upfront payment compared to $10 million as per 2013 agreement.

Program supply agreement with Seven Network extended from 1 July 2018 for 5 years
-
New long term agreement recognises Seven Network investment in AFL and
Cricket broadcast rights and in Australia’s No1 program schedule
-
$15 million
upfront payment (2013 agreement $
10 million)
-
Annual program supply rate to increase in FY19 with additional step up in FY20
and then flat for the remainder of the agreement
•
Short term trading conditions continue to be challenging in regional markets
•
Prime in
-market with cricket from August 2018
•
Debt reduction remains the company’s priority
- dividend program suspended in the
interim in the best interests of the company, its shareholders, employees and its
creditors
•
FY19 Core Net P
rofit After Tax is forecast to be between $12 million and $15 million
•
Next trading Update in October 201