Ann: Trading Update, page-5

Thanks Wing It. All this coming sport does look good for both PRT and Seven West. I actually have a decent holding in Seven West too because its Price/Earning ratio is around 5.7 just using its underlying profit. However It did have some big write downs in the first half.

I am hoping that the massive government television license costs will be reduced in future years to give these stocks a better chance. I saw somewhere that these costs have been reduced in most other countries and I think they are now the worst in Australia compared to the rest of the world.

GPASAS