The SP traded at an all time low today of $0.985. From a technical (charting) perspective this is looking quite negative.
The post by @MarsC on 25/7/24 is a good summary of the situation facing PTM. The only thing I will add is the role of sentiment. Funds Management is a confidence game. We can talk all we like about hard assets, cost cutting, and other business metrics, etc. But it is still trying to top up a bucket of water with holes in the bottom. The only way outflows are going to stop is if performance improves to the point where Financial Planners and high net wealth individuals feel confident enough that Platinum Funds have turned the corner and will at least match their index in terms of performance. Until then, the momentum of net outflows will continue, revenues will continue to decline, and the business will continue to shrink.
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The SP traded at an all time low today of $0.985. From a...
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Last
99.5¢ |
Change
-0.040(3.86%) |
Mkt cap ! $579.2M |
Open | High | Low | Value | Volume |
$1.03 | $1.03 | 99.0¢ | $23.50M | 23.60M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
14 | 302038 | 99.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.00 | 44470 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
13 | 301038 | 0.990 |
9 | 306982 | 0.985 |
17 | 602715 | 0.980 |
10 | 392848 | 0.975 |
20 | 337931 | 0.970 |
Price($) | Vol. | No. |
---|---|---|
1.000 | 44470 | 2 |
1.005 | 57590 | 5 |
1.010 | 52623 | 2 |
1.015 | 65362 | 5 |
1.020 | 11830 | 3 |
Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
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