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$1.06 platinum asset management limited

That is a great post......................study what they do....

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Michaelirish

23,900 Posts.

386

28/01/22

08:17

Post #: 59177766
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Originally posted by JethroJ: ↑

They are not a short fund, but I agree if you don't understand what they do, don't buy into it.

From July until December they are down 1 billion in FUM and that has resulted from $5.00 a share down to $2.36

From 23 billion FUM to 22 billion, the worst of which was during October and has been improving since.

The reason they have "under-performed" index funds, they held cash, shorted Nasdaq as a portfolio hedge and didn't purchase FAANG stocks.

They are value investment fund who purchase assets under fair value with a 2-5 year outlook for upside.

Their style of portfolio management, did not keep up with this unrealistic tech bubble we have been in since mid 2020.

This is a screaming buy with the market we are in the middle of currently, they are net short 23% Nasdaq100 and Russell2000

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That is a great post......................study what they do. Too much noise around PTM. Neilson affairs unfortunate. I have an SMSF and bought heavily for a week now because of the franking credits . Other sources of FCs too expensive

PTM Price at posting: $2.47 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $1.06		Change -0.010(0.94%)		Mkt cap ! $614.1M

Open	High	Low	Value	Volume
$1.07	$1.07	$1.04	$673.9K	642.6K

Buyers (Bids)

No.	Vol.	Price($)
19	50046	$1.05

Sellers (Offers)

Price($)	Vol.	No.
$1.06	49694	27

View Market Depth

No.	Vol.	Price($)
18	49393	1.050
15	106893	1.045
17	415487	1.040
11	94930	1.035
10	55473	1.030

Price($)	Vol.	No.
1.055	49694	27
1.060	126206	13
1.065	74123	14
1.070	141099	12
1.075	27363	9

Last trade - 15.34pm 19/06/2024 (20 minute delay)

PTM (ASX) Chart

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