Hi Wing it, Well that is exactly the question I am struggling...

Hi Wing it,

Well that is exactly the question I am struggling with. How much is it worth now? Then apply a suitable discount for a margin of safety and compare to the current market price. I started looking at PRT because sentiment is completely against it at the moment, and those are the companies I love to buy.

Initially the half year results recently released looked good, then the last slide on their presentation the company stated the the first half included one-off (favourable) events and the "decline in regional audiences expected to continue" while "full year result expected to be softer but too early to forecast" was pretty much the catalyst for my finger moving away from the buy button.

If revenues continue to decline, then it seems we are dependant on the federal government getting it's proverbial stuff together and changing laws in favour of PRT. I am never comfortable with depending on politicians to make sound business decisions.