It'll be an irrelevant number. More relevant is the longs who are keen sellers.
Bell Potter released a report and got a target of $1.20. But they are assuming that net outflows (excluding performance) are 8% over forthcoming years. That would be a dramatic improvement compared to -15% last financial year, and -20% this FY including the recent news. So I would expect that PTM might be over-valued based on that.
They haven't recanted on their China optimism. Just because you can invest in Chinese and HK companies doesn't mean you should IMO. Too much risk. They might be gambling on a rebound in China to improve returns. Anything can happen I guess, but likely more of the same - nothing is improving over there.
Ann: PTM turnaround program update, page-59
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Last
$1.07 |
Change
0.010(0.95%) |
Mkt cap ! $620.0M | |||
| Open | High | Low | Value | Volume |
| $1.06 | $1.07 | $1.05 | $881.8K | 829.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5417 | $1.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.07 | 1293 | 1 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| PTM (ASX) Chart |