PTM 0.47% $1.05 platinum asset management limited

News: PTM Platinum Asset Management Posts FY Net Profit Attributable Of $157.7 Million, page-378

  1. 114 Posts.
    lightbulb Created with Sketch. 41
    I'm just wondering why this share is trading so cheaply. Looking at the figures I expect a dividend of 24c ( 2 x 12 ) will be paid for the 2022
    financial year giving a dividend yield of about 10 % plus 3% franking credit.
    I notice in the 2021 Balance sheet that cash on hand was enough to cover a 24c dividend.
    To me this is a screaming buy ! or am I missing something ?
    Any enlitement if I'm incorrect would be appreciated
 
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