Truly Lara, I honestly can't believe that you can come to the conclusion that you are disappointed with the results.
I'm sorry but that is one of the most blatant examples of seeing the glass half full that I have ever read.
The results are impressive, profits higher than anticipated, fantastic fully franked dividend maintained etc, etc.
Go back and read previous company updates and end of year results, the management (CEO) are/is famous for gloomy outlooks but every year things turn out better than expected.
All of this and still the licence fee reductions have not yet been taken into account and they are inevitable just slightly delayed.
For me I admit to being a little anxious about the result but personally I find them excellent.
I feel confident that the market will act accordingly.
All is in my opinion including the fact that I feel PRT is one the most undervalued stocks on the ASX.
GLTAH
PRT Price at posting:
45.5¢ Sentiment: Buy Disclosure: Held