Platinum has zero optionality compared to Magellan. Platinum is a vanilla fund manager.
Where’s the potential growth for Platinum if they continue to offer the same product/strategy and think that apathetic lazy retail investors will just stick with them forever with higher fees and lower performance?
As i have mentioned previously Platinum is just a vehicle which milks fees from its funds. Simple business which can generate stable dividends, however structurally the business it is in is very challenged and arguably in decline.
Ann: Analyst Briefing - June 2021 Yearly Results, page-4
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Last
$1.14 |
Change
-0.020(1.72%) |
Mkt cap ! $663.6M | |||
| Open | High | Low | Value | Volume |
| $1.16 | $1.16 | $1.12 | $2.938M | 2.587M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2600 | $1.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.14 | 11985 | 1 |
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| Last trade - 16.10pm 13/11/2024 (20 minute delay) ? |
| PTM (ASX) Chart |