Just joining this forum having had a quick look at PRT for the...

Just joining this forum having had a quick look at PRT for the first time.

I agree that the price looks compelling but I am concerned that this one might be a value trap. I think that free-to-air advertising revenue is going to continue declining, which comes straight off their earnings. Debt levels also seem quite high, so covenants may be tested if revenues continue falling.

I think this is only for investors with a more positive view on the future of free-to-air?