Personally, I think that at the moment it is mainly short term...

Personally, I think that at the moment it is mainly short term traders buying up anything that comes available in the 33 cents range and then placing a sell order for 34.

I don't expect much to happen until more guidance is given or until after the election. Not only to see which major party wins but also more importantly the make up of the new senate and how likely it will be for any reviewed media laws to get passed.

Dreamer4 also commented that he would like to see the company reduce its debt and also its dividends.

As has been stated, the forecast for this years core net profit is expected to be 23 - 24 million. The debt currently stands at 74.9 million so the income to debt ratio stands at just over 3 times net earnings (ie it would take the company just over 3 years at current earnings to pay down all debt). While many of the great investors prefer a maximum of two years, three years is not too shabby considering their debt was twice this a few years ago.

As far as the dividends go, the pay out ratio for the last half yearly was 50% again not too bad compared to many other companies. ANZ for example was over 80% for their latest dividend payout.

I'm probably holding a few more shares in PRT than what I probably should be but I consider the downside risk to be minimal and the upside to be quite good in the next 6 to 12 months. As Accaeric stated, it isn't really a stock for trading short term but in my opinion I think that it will show a solid return within the next 12 months. Here's hoping anyway!