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.
The SP closed on an all-time low of $0.98c on 28/8. And then...
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Last
99.5¢ |
Change
-0.040(3.86%) |
Mkt cap ! $579.2M | |||
| Open | High | Low | Value | Volume |
| $1.03 | $1.03 | 99.0¢ | $23.50M | 23.60M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 302038 | 99.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| $1.00 | 44470 | 2 |
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| PTM (ASX) Chart |