Mr Neilson and his partner own 252m shares in PTM (~43% of the company he worked hard to build up over his working life) generating a retirement income stream of $60m pa or thereabouts.
How many retires (70+) really give two hoots about capital appreciation? Its all about income and whatever is left over is no longer a driving force in a persons life aspirations.
I wonder what the intrinsic value figure for PTM Mr Neilson has in his spreadsheet at home? And I wonder what the margin of safety is to trigger the market buyback.
Being a value investor by dna, he is perhaps wishing Mr Market trips over the trigger wire. Thereby placing a concrete floor under his income stream for life.
Hats off to a truly brilliant capitalist.
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Last
$1.16 |
Change
0.030(2.65%) |
Mkt cap ! $675.3M |
Open | High | Low | Value | Volume |
$1.13 | $1.17 | $1.13 | $1.749M | 1.521M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
19 | 24069 | $1.16 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.16 | 37381 | 22 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
15 | 21844 | 1.155 |
8 | 12670 | 1.150 |
7 | 16186 | 1.145 |
6 | 16584 | 1.140 |
3 | 25300 | 1.135 |
Price($) | Vol. | No. |
---|---|---|
1.160 | 81446 | 22 |
1.165 | 131188 | 13 |
1.170 | 59643 | 13 |
1.175 | 47553 | 5 |
1.180 | 62275 | 9 |
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