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
0.028(2.43%) |
Mkt cap ! $675.3M |
Open | High | Low | Value | Volume |
$1.13 | $1.17 | $1.13 | $1.366M | 1.190M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 11136 | $1.16 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.16 | 55767 | 14 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 8426 | 1.155 |
5 | 10723 | 1.150 |
8 | 28717 | 1.145 |
3 | 12950 | 1.140 |
3 | 25300 | 1.135 |
Price($) | Vol. | No. |
---|---|---|
1.160 | 39827 | 4 |
1.165 | 116796 | 12 |
1.170 | 46004 | 11 |
1.175 | 54365 | 9 |
1.180 | 53300 | 7 |
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