Total return of 15% in two years vs 30%+ for VGS.
And that's including the PMC discount to NTA shrinking 9% (from almost 20% to 11%).
Platinum are buying back shares just enough to prevent triggering the sunset clause (15% discount).
They are unlikely to let go this captive capital by making PMC an open-ended fund.
Their strategy has not changed despite the underperformance. It's the broken clock that's not even right twice a day. I'm out.
Ann: Strategic review of Platinum Capital Limited, page-4
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$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 |
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