Couldn't agree more. If they were interested in seeing an...

Couldn't agree more. If they were interested in seeing an increase in the share price then they could have easily kept the dividend pay-out ratio at 50%. That would have given us a divi of 2.4 cents or 8%. These guys have got a long term agenda and are doing a good job of keeping things subdued at the moment.

The next move to watch out for will be the budget in May when the government will hopefully announce a potential reduction (or even abolition) of television licence fees. Not sure of the figure but should be quite a big saving to PRT.

Still also waiting to see how things pan out with the Media Reform Bill. The Senate is due to sit yet again on 20th March for two weeks. At this stage it looks as though it could go either way but starting to look more likely that some alterations or inclusions may be added so could drag out for a while yet!

Once these two hurdles have been passed I believe that this is when the team at PRT will start trying to return shareholder value. As always though when it comes to our esteemed leaders in Canberra, don't expect anything to happen in a hurry.