Australian (ASX) Stock Market Forum

PTL - Prestal Holdings

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another iteration.
Executive Summary ...from the half yearly
Prestal Holdings is the owner of Hampers with Bite, a resilient e-commerce gifting business
• H1’24 marked the beginning of an ecommerce-focused business, having divested the Consumer Products business in November 2023
• Business faced strong headwinds throughout the first 6 months of due to the broader macroeconomic environment and increased interest rates, which negatively impacted consumer discretionary spending
− Sales Revenue from continuing operations of $16.8m, down 15.7% pcp
− Underlying EBITDA from continuing operations of $3.4m, down 6.4% pcp
− Implementation of cost saving measures ensured business was able to improve Underlying EBITDA margin to 20%, up 2% on pcp
• As of 31 December, the business maintained a healthy cash balance of $62m including proceeds from sale of Consumer products business, of which the Board remains committed to return $52.8m to shareholders via:
− Initial special dividend of 6cps declared (to be paid 11 March 2024)
− Capital return of approximately 18cps (intended to be paid around March- April 2024 subject to favourable tax ruling from ATO)
− Final special dividend of 7cps (intended to be paid in July 2024)
• The Board remains committed to actively looking at strategic and inorganic growth initiatives to deliver further shareholder value.
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"Hampers with Bite" ...Never heard of 'em.
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And, it all took a while. ATO interpretations delayed the payout, but they got there.

Screenshot_20240518-195332_CommSec.jpg
 
Special dividend

Prestal Holdings Limited (“Prestal” or the “Company”) is pleased to announce the payment of a fully franked Special Dividend of $0.07 per share to shareholders at the record date in completion of the previously announced capital return following divestment of the Pental Consumer Products business.

Details are as follows:
Record date: 15 July 2024
Payment date: 22 July 2024

For more information, please contact:Investor & media queries:

Oliver Carton, Company Secretary, Prestal Holdings Limited, tel: +61 3 9251 2311


Authorised for disclosure by the Board of Prestal Holdings Limited

i hold PTL

should really reconsider my position here , as they seem to have divested the very businesses that attracted me

and raised at least one red flag on the way
 
Suspension from quotation

Prestal Holdings Limited (“Prestal” or the “Company”) advises that its shares will be suspended from Official quotation on 1 October 2024 because of late lodgment of its FY2024 Financial Report.

Prestal has experienced delay in completion of aspects of the Financial Report, and subsequent audit sign off, because of one off complications concerning the accounting treatment of divestment of its FMCG business.

Prestal is working to lodge the Financial Report today.

For more information,
please contact:Investor & media queries:Oliver Carton, Company Secretary, Prestal Holdings Limited, tel: +61 3 9251 2311

Authorised for disclosure by the Board of Prestal Holdings Limited

i hold PTL bought early on in the pandemic and probably should have exited after the core business sale

i probably should have sold am still considering IF to throw some cash at this as it tries to crack the on-line marketing mostly ( so far ) in gift hampers
 
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