March 26 (Reuters) - Platinum Asset Management Ltd (PTM) :
- TURNAROUND PROGRAM UPDATE
- INITIAL REVIEW HAS NOW BEEN COMPLETED
- SAVINGS WILL ONLY BEGIN TO BE REALISED DURING LAST QUARTER OF 2024 FINANCIAL YEAR
- TARGETING AT LEAST A$25 MILLION IN ANNUALISED RUN RATE SAVINGS
- FUNDS UNDER MANAGEMENT EXPECTED TO REDUCE BY A$0.2 BILLION DUE TO THESE INITIATIVES
- EXPECTS TO RECEIVE PARTIAL REDEMPTIONS OF AT LEAST A$1.4 BILLION FROM ITS INSTITUTIONAL & WHOLESALE BUSINESS OVER COMING MONTH
- ONE-OFF IMPLEMENTATION CASH COSTS OF A$12 MILLION ESTIMATED TO BE INCURRED DURING FY24 FOR TARGETED SAVINGS
- THERE IS LIKELY TO BE AN ADDITIONAL A$9 MILLION OF NON-CASH COSTS INCURRED
(([email protected];))
News: PTM Platinum Asset Management Ltd Says Initial Review For Turnaround Program Completed
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Last
68.3¢ |
Change
0.003(0.37%) |
Mkt cap ! $397.3M | |||
| Open | High | Low | Value | Volume |
| 68.0¢ | 68.5¢ | 66.0¢ | $505.2K | 750.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 7099 | 68.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 69.0¢ | 49050 | 7 |
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| Last trade - 13.01pm 08/09/2025 (20 minute delay) ? |
| PTM (ASX) Chart |