Jimmy
thanks
At this stage you have alot more time on your hands than i do, although i do appreociate your detailed analysis which i am impressed by. I will try to read it in detail My analaysts of costs includes interest cost reductions wit the falling debt whuch willl accelerate with te ower payour ratio , licencing fee reductions, and operating reductions. I havent looked at the detailed line items recently, however your invesment case reminds of what many were saying about MTS when it was trading at 1 dollar, being squeezed by coles and year, margin compression, loss of sales. entry of ALDI. as like you assume with PRT. many run the numbers they will sit their like a lame duck and not make a stategtic shift and waste away. They didnt
You raise the option of seven screwing Prime, well the reverse is worth cosidering - take over, where the operatig synergies of seven owning Prime will be huge, and while Seven own over 20% of Prime, I would say that is not mere speculation but safe strategic thinking, so to screw them screws there existing investment.
This is not to take anything away from your analysis, but I look at the future of PRT very differentally. Importantly, with an average at sub 30, the cumulative dividends in my SMSF which run at around 10% should be ample to secure the downside
Lets reconvene after the budget and then after 12 months
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