Not a bad summary in Motley Fool.
Platinum Asset Management Limited (ASX: PTM) is an ongoing work in progress for managing director Kerr Neilson, Australia’s most successful international investor (a lot of his wealth is tied up in this company).
Ever the value investor Platinum is not a momentum or trendy player and prefers to discover opportunities in more neglected sectors or regions. This of course can lead to under performance from time to time, but is a reliable way of building substantial wealth over the long term (if the situations are well selected!).
Over the last year Platinum has increased its weighting to Asia, which it perceives as offering better relative growth opportunities when compared to the over exposed Western markets. After a hiatus the Platinum funds (all are international) have experienced stronger inflows in recent months as some local investors look offshore.
Looking to FY 2015, Platinum Asset Management sells at 17 times projected earnings and a 5% fully franked dividend yield – this is attractive buying, in my view.
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Last
$1.03 |
Change
-0.015(1.44%) |
Mkt cap ! $596.7M |
Open | High | Low | Value | Volume |
$1.02 | $1.06 | $1.01 | $4.772M | 4.608M |
Buyers (Bids)
No. | Vol. | Price($) |
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3 | 99999 | $1.03 |
Sellers (Offers)
Price($) | Vol. | No. |
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$1.04 | 22696 | 2 |
View Market Depth
No. | Vol. | Price($) |
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3 | 99999 | 1.025 |
1 | 5323 | 1.020 |
12 | 95549 | 1.015 |
27 | 143631 | 1.010 |
9 | 109890 | 1.005 |
Price($) | Vol. | No. |
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1.035 | 22696 | 2 |
1.040 | 28019 | 2 |
1.045 | 28019 | 2 |
1.050 | 38019 | 4 |
1.055 | 8167 | 2 |
Last trade - 16.10pm 08/05/2024 (20 minute delay) ? |
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Last
$1.03 |
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Change
-0.015 ( 0.59 %) |
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Open | High | Low | Volume | ||
$1.02 | $1.06 | $1.02 | 984347 | ||
Last updated 15.59pm 08/05/2024 ? |
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