PTM 1.99% $1.03 platinum asset management limited

I’m dropping the hammer, page-46

  1. 976 Posts.
    lightbulb Created with Sketch. 79
    It's a little bit more than $380m, as there's tax to be paid on the equity in associates, but yeah, it's not a high FCF multiple at all!

    They just need to figure out how to stem or cease outflows and this could trade much higher, or vice-versa, of course.
 
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