Hi all I think PRTs value is best derived by ascribing value to...

Hi all
I think PRTs value is best derived by ascribing value to a variety of things and then creating a blended valuation
For me these are
1 revenue decline will be slower than expected
2 . Divi will allow positive returns even if SP is the same as now 12 months out
3 consolidation in industry is highly likely

In combination I view these 3 factors outweighing the risks of rapid revenue decline however we should always keep an open mind that this does eventuate . For next three months or possibly six months of revenue will be critical to determine the extent of revenue decline and the subsequent valuation of prime . These prices allow for many of these risks to be heavily price then you of the potential positives are .