Why sell before 10th unless she believes the results will be...

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ma420

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06/12/24

07:24

Post #: 76940220
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Originally posted by Sawvic: ↑

Just done a bit of research into platinum asset management - what’s the go?:
-Dr Bianca Ogden is the head of health/sciences. Given the funds results, it appears she makes many bad decisions…. Some might say she is a poor investor, this is highlighted by the fact that:
- the fund has underperformed the benchmark for the past 20 years.
-her current biggest holding is SpeeDx, which is currently going broke, practically a zombie company.

So why is she selling snt?
1 -because she has no gumption, and needs to de-risk her portfolio prior the 10th to maintain her 9%return performance.
2 - because her fund rules require her to sell her winners to rebalance her portfolio…
3 - because she a is below average fund manager, based off the performance shown in their most recent report

https://www.platinum.com.au/managed-funds/pihsf

I’m not worried they are selling - see ya !

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Why sell before 10th unless she believes the results will be poor and damage her returns so she wants to lock in her gains? Actually the very small percentage trimming could mean they want the allocation kept below a certain % in their portfolio. So if the news is good and we see further gains in SP the fund may continue to trim to maintain their allocation. JIMHO.

SNT Price at posting: 6.4¢ Sentiment: Hold Disclosure: Held
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