If my calcs. are correct? - Some rough figures:
Over past 2 years:
1. FUM down approx. 25%
2. XAO UP approx. 3%
3. PTM Share Price down 45%
4. Interim Div. down 40%
So PTM appear to need to:
1. Attract more funds & stop the FUM decline
2. Improve their portfolio performance
3. Perhaps reduce costs, which presumedly are increasing as FUM decline?
4. If improving, (have an offering that attracts) = market themselves to attract funds!
On this basis, what is a fair price for PTM?
Ann: Funds Under Management - March 2024, page-5
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Last
$1.03 |
Change
-0.010(0.96%) |
Mkt cap ! $605.4M | |||
| Open | High | Low | Value | Volume |
| $1.04 | $1.05 | $1.02 | $709.8K | 686.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 66226 | $1.03 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.03 | 59697 | 50 |
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| Last trade - 12.51pm 30/07/2024 (20 minute delay) ? |
| PTM (ASX) Chart |