Who says PTM is a "great company"? It's not that by any stretch. Based on the results achievd by some of its funds, PTM's performance as a money manager has been woeful. See a chart I posted recently on a PMC thread here.
But it is now extremely cheap and trading at prices under what it fell to in the GFC and the March 2020 market meltdowns. And its until now underwhelming investment strategy (short NDX) is finally start to pay off. Plus, no debt, "sticky " customer base, high dividend yield and Judith Neilson's sell down now done and dusted.
At what SP/PE does it become attractive to you? Growth stocks have been punished recently due to runaway valuations, and may have alot further to fall as monetary policy tightens. I may be wrong, but I expect the bottom is now well and truly in (subject to any further market wide correction/crash).
Who says PTM is a "great company"? It's not that by any stretch....
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Last
96.5¢ |
Change
-0.030(3.02%) |
Mkt cap ! $561.7M | |||
| Open | High | Low | Value | Volume |
| 99.0¢ | 99.5¢ | 95.5¢ | $7.437M | 7.671M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 20021 | 96.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 97.5¢ | 55246 | 3 |
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| Last trade - 16.10pm 02/09/2024 (20 minute delay) ? |
| PTM (ASX) Chart |