My suspicion is the SP recovery post the knee jerk reaction with Jun FM declared, is due to analysts recalculating expected FM retained which they expected. I could be wrong but as far as I'm concerned the analysts were happy to tar PTM with the same brush as Magellan and call it a sell/strong sell. I saw consensus EPS as 19.4c for 2022 and 2023. 15.4c - wrong! Especially for the latter.
Now they have to eat crow. They won't say that just (sneakily) update/ upgrade their values and recommendation (initially to their favoured clients on the quiet. Jack1960 is correct on the biggest driver for the price & profitability being FM. (As if that was a real question/argument).
All IMVHO.
Disclosure: most of the EPS expectation is courtesy of my brother who is probably 10 IQ points higher than me.
Ann: Funds Under Management - June, page-54
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$1.19 |
Change
-0.010(0.83%) |
Mkt cap ! $692.7M | |||
| Open | High | Low | Value | Volume |
| $1.20 | $1.21 | $1.19 | $2.717M | 2.265M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 19287 | $1.19 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.20 | 5000 | 1 |
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| PTM (ASX) Chart |