Yes I am holding on for the investor meeting too.
My investment philosophy prioritises the value of the share more than the income (dividend) it generates. In saying so I was initially uneasy with the results and the decline in share value - I was thinking of selling too. But then looking at the trade volume in the morning session I was seeing that buyers are lapping up this share albeit at a bargain price. Clearly, these buyers are seeing the value of PRT in a longer term to be buying today; therefore I decided to hold on by not transferring the value of my holding easily to some shrewd sod.
That cash impairment is just correcting the value of the assets (i.e. broadcast license) but what we really need to focus and compare is the revenue and NPAT - which is definitely not in line with the decline in the share price from yesterday's closing. As
@Autosime said cashflow is important and by that count the company is not bleeding dry.
AIMHO & GLTAH