That and the fact MGF is proceeding with the conversion to an open ended fund. The discount is now negligible on account of the arbitrage opportunity.
It would be a very brave soul to start buying up PMC in the hopes Platinum act in investors best interests and convert to an open fund.
Let's face it - when has Platinum acted in the best interests of anyone? They don't just underperform the benchmark, they are annihilated by it. If they had investors interests at heart, Platinum would be wound up.
It wouldn't surprise me in the least for them to come out with another gimmick of we are going to close the discount through: greater engagement with shareholders, increase dividends, focus on performance etc... the usual BS for a terminal LIC.
That and the fact MGF is proceeding with the conversion to an...
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Last
$1.42 |
Change
-0.010(0.70%) |
Mkt cap ! $420.4M | |||
| Open | High | Low | Value | Volume |
| $1.44 | $1.44 | $1.42 | $1.013M | 709.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 70555 | $1.42 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.43 | 113711 | 4 |
View Market Depth
| Last trade - 16.10pm 03/10/2024 (20 minute delay) ? |
| PMC (ASX) Chart |