March 26 (Reuters) - Platinum Asset Management Ltd (PTM) :
- TURNAROUND PROGRAM UPDATE
- INITIAL REVIEW HAS NOW BEEN COMPLETED
- SAVINGS WILL ONLY BEGIN TO BE REALISED DURING LAST QUARTER OF 2024 FINANCIAL YEAR
- TARGETING AT LEAST A$25 MILLION IN ANNUALISED RUN RATE SAVINGS
- FUNDS UNDER MANAGEMENT EXPECTED TO REDUCE BY A$0.2 BILLION DUE TO THESE INITIATIVES
- EXPECTS TO RECEIVE PARTIAL REDEMPTIONS OF AT LEAST A$1.4 BILLION FROM ITS INSTITUTIONAL & WHOLESALE BUSINESS OVER COMING MONTH
- ONE-OFF IMPLEMENTATION CASH COSTS OF A$12 MILLION ESTIMATED TO BE INCURRED DURING FY24 FOR TARGETED SAVINGS
- THERE IS LIKELY TO BE AN ADDITIONAL A$9 MILLION OF NON-CASH COSTS INCURRED
(([email protected];))
News: PTM Platinum Asset Management Ltd Says Initial Review For Turnaround Program Completed
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Last
99.5¢ |
Change
-0.005(0.50%) |
Mkt cap ! $579.2M | |||
| Open | High | Low | Value | Volume |
| $1.01 | $1.02 | 99.3¢ | $2.998M | 2.998M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 136974 | 99.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.00 | 7346 | 1 |
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| Last trade - 16.10pm 06/06/2024 (20 minute delay) ? |
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Last
$1.01 |
Change
-0.005 ( 0.43 %) |
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| Open | High | Low | Volume | ||
| $1.01 | $1.01 | 99.5¢ | 450629 | ||
| Last updated 15.59pm 06/06/2024 ? | |||||
| PTM (ASX) Chart |