I’m invested with PTM for exactly the reason everyone is bagging them for. Index funds will have a day of reckoning. The very high valuation of top companies is down to weight of money driven by index funds. Been around long enough to know that mean reversion is the whole truth and nothing but the truth.
Unfortunately for PTM they’ll need to ride out the current investment fashion and they’ll do it easily because their balance sheet is very very strong.
Ann: 2024 Full-Year Financial Results Analyst Presentation, page-50
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Last
$1.20 |
Change
-0.015(1.23%) |
Mkt cap ! $698.6M | |||
| Open | High | Low | Value | Volume |
| $1.21 | $1.22 | $1.20 | $1.513M | 1.254M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 31063 | $1.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.21 | 5184 | 1 |
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| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| PTM (ASX) Chart |