@jake0002 - while you are certainly entitled to your opinions about the performance of PRT, I also have to agree with @Hilltribe's sentiment and say there's not as much to complain about. In extremely challenging market conditions which has got the bigger players (read at Seven, Nine and Ten), PRT has managed to continue generating revenue (albeit lower) and more importantly since 2013 has continued to reduce its borrowings while still paying dividends to shareholders.
Yes Prime might not be on the tip of everyone's tongue but then again the directors haven't unnecessarily spent shareholder's funds on airfares and other travel and entertainment costs merely to generate attention. Instead they have conserved the cash for the time the market starts to improve to generate more value for the shareholders (which till media laws are reformed probably won't be of much benefit anyway).
While PRT hasn't got everything correct at the end of the day who is perfect? More importantly they haven't had any big stuff ups that really deteriorated the value of PRT brand. At the end of the day as a shareholder I am happy with the progress of PRT and have confidence in the management.
Happy for everyone else to pitch in with their opinions. Thanks to @jake0002 as well for starting this thread - you are definitely doing your part to ensure PRT isn't forgotten .
GLTAH
PRT Price at posting:
41.0¢ Sentiment: Hold Disclosure: Held
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