PTM 1.99% $1.03 platinum asset management limited

Technically they're mostly just saying that they've managed to...

  1. 974 Posts.
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    Technically they're mostly just saying that they've managed to keep termination and redundancy payments under $21m!

    Cutting costs isn't too hard, the missing leg is the revenue growth line. That's going to be hard without a growth culture emerging.

    It's not particularly priced for growth at the moment though, so maybe there's an opportunity here. Cash-cow the remaining fum for a few years, plus a few specials of the cash, you'd probably at least get your money back.
 
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