ASX:PRGMetals and Mining
PRL Global (ASX:PRG) Shares Reflect Thin Margins And Uncovered Yield
PRL Global entered this result with the stock at A$1.42 and a strong short-term run, yet the headline today is not the share price. It is the squeeze on profitability. Full-year revenue sits above A$2.2b, but net profit margin over the last year is only 0.6% and edging lower compared with 0.7% a year earlier. The market is reacting to a low-margin story sitting on top of a high dividend yield of 6.34% that is not well covered by earnings or free cash flow.
Is PRL Global a genuine value...