PTL - Prestal Holdings

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.

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

Investor update

Prestal Holdings Limited (“Prestal”, or the “Company”) advises that, in line with the cautious expectations disclosed at the FY2024 Full Year announcement (released 30 August 2024) and at the 2024 AGM(released 14 November 2024), market conditions have remained challenging as interest rates remain high and cost of living increases impact consumer and business spending.
As a result, and subject to statutory audit, sales for FY2025 Half Year were $12.1m, compared to $16.8m for FY2024 Half Year, a decline of27.6%.
Statutory results are subject to audit review and adjustments, and will be released in late February 2025.

Prestal notes that statutory results for FY2024 Half Year were impacted by the sale of Prestal’s former consumer products business resulting in an EBITDA loss of $20.2m.

As previously reported a strategic review was completed in FY2024 and changes are being implemented.

The Company also continues to monitor and reduce costs wherever possible.
A result of this is a consolidation into one office, and the registered office and principle place of business of the Company is now:

1/30 Tarras Ave Altona North VIC 3025

Tel: 1300 941 593

Always annoying when you know you should have sold, but didn't! A mistake I have made all too often, feel like I am better at it and more ruthless now, but I suspect its a mistake I will make again in the future!

Have you thought of giving Crypto a fling @galumay? I hear $Trump meme coin is going well and you'd own a part of the business!

I have a better idea, lets make a fairy coin ourselves and join the party.
We just have to come up with a suitably ridiculous name. (i checked most of them are already taken.)

galumay said:

I have a better idea, lets make a fairy coin ourselves and join the party.
We just have to come up with a suitably ridiculous name. (i checked most of them are already taken.)

Click to expand...

maybe you just need to create a registry of names ( and charge a small fee to administer the names ) , you know like internet domain names

I got it, a fairy coin for Aussies, $HOOMS