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PTB - PTB Group

Discussion in 'Stocks I-P' started by System, Apr 16, 2012.

  1. System

    System Administrator

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    PTB Group Limited (PTB) is a specialised aviation business, with operations in turbine engine repair, trading, financing and rental of aircrafts and turbines. The group has three business groupings under its aviation asset management: Pacific Turbine Brisbane (PTB); IAP Group; and Financing and Rentals. PTB operates from Brisbane, Sydney, and Bankstown Airport in Australia, and Blackpool Airport in the UK.

    http://www.pacificturbine.com.au/investors.html
     
  2. galumay

    galumay learner

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    I recently took a small position in this company, I have looked at it in the past a couple of times, but never quite developed the conviction to buy. The debt was one of the main things that put me off.

    I was tipped off about the details of the recently announced acquisition and also learnt about the company's plans to sell off some of its property and pay off the debt.

    I think the business is trading at a discount to value under $1 and could see a meaningful rerate in the next couple of years if it can execute the acquisition well and it provides the increased EPS after dilution that is predicted. It will probably also attract some more attention now its market cap has increased significantly and there is more free float.
     
    CBerg likes this.
  3. CBerg

    CBerg

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    Good little company! I bought a small parcel in early 2018 but sold last year to help finance a property purchase. I regret selling :)
     
    galumay likes this.
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