I didn't really believe PTM would fall below $3, yet it has.
FWIW, I will not second guess my judgement fro ma few days ago. Today I have added a significant number of shares to my holding at $3.04, $3.01, $3.00 and $2.99.
I have downgraded future dividends expectations to 16 cps as management will not need to continue to pay in the 20's and offer a FF yield of over 7%. They will use the cash saved to accelerate the on-market share buy back program putting a floor under the SP.
Of course I may be wrong, but I am confident enough in both management and my 5 decades of investing. I have backed up the truck totally anticipating to sell down part of today's accumulation in the next 9-12 months at a significantly higher price.
Thank you Julie, I think your ex may just be a little better at investing than you and your advisers.
Ann: Funds Under Management - September, page-14
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Last
$1.24 |
Change
0.010(0.82%) |
Mkt cap ! $718.9M | |||
| Open | High | Low | Value | Volume |
| $1.21 | $1.24 | $1.21 | $1.137M | 926.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | $1.23 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.24 | 223344 | 7 |
View Market Depth
| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| PTM (ASX) Chart |