The SP closed on an all-time low of $0.98c on 28/8. And then fell back under $1.00 again today after a short jump to $1.03. The trend from here is down I believe. At least in the short term.
The post by @mrriesq on 28/8 showing a snip from the Analyst Presentation says it all. The Relative Return performance figures are woeful. I will give a fund manager a temporary pass if that relative under-performance is short term, but not over 5 years plus. This is why financial planners, super funds and family offices (private wealth) managers are moving money out of Platinum funds. More net-ouflows / more pain to come for shareholders I suspect.
FWIW. There are many active fund managers out-performing their index. So it still comes down to the stock picking.
Ann: 2024 Full-Year Financial Results Analyst Presentation, page-9
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