Mr Neilson and his partner own 252m shares in PTM (~43% of the company he worked hard to build up over his working life) generating a retirement income stream of $60m pa or thereabouts.
How many retires (70+) really give two hoots about capital appreciation? Its all about income and whatever is left over is no longer a driving force in a persons life aspirations.
I wonder what the intrinsic value figure for PTM Mr Neilson has in his spreadsheet at home? And I wonder what the margin of safety is to trigger the market buyback.
Being a value investor by dna, he is perhaps wishing Mr Market trips over the trigger wire. Thereby placing a concrete floor under his income stream for life.
Hats off to a truly brilliant capitalist.
Ann: Extension of on-market share buy-back, page-3
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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 |