With 15.3-16.3m profit for first half I think profit should equal at least 27m or 7.37 per share . I think once the market internalises the profitability is solid and PRT market share is stable a PE of 7-8 is more likely which is a SP in the 52-59 range , especially if they continue to pay down debt . Now if we are lucky to see licence fees cut and or reach rule abolished then 60s is very possible
Ann: Trading Update-PRT.AX, page-22
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