PTM - Platinum Asset Management

[Garpal Gumnut]

Quote: Originally Posted by oldblue It appears that a certain well known newsletter recently came out confirming its favourable view of PTM. It should be noted that this newsletter also favours current underperformers SIP, TIM and IFM. A contrarian view?

[poretti]

i used to pay a lot of attention to our notorious newsletter but disregard it these days, i think it had a good run while things were coasting along but IMHO its shortcomings have become evident lately (regardless of wider market negativity).

[Rainmaker2000]

The good thing for me is that PTM remains the company that was floated 1 year ago....I'd be happy if the price never appreciated as long as FUM increased.. since it will always payout round 90% of profits in dividends

The key for them though is obviously to lift FUM and sell themselves better....they will outperform their index again this year so investors would be better off with a PTM fund than most........but then would investors be better off in cash??? many certainly think so and no one likes losing cash

[moreld]

It’s time to start watching PTM as the federal budget just put a pin in asset managers by lowering the superannuation contribution limits. PTM has pulled back 10.8% to $4.05 in the last five days, but is still up 39% from the March 10 low of $2.91.
Look but don’t touch.

[So_Cynical]

Quote: Originally Posted by moreld It’s time to start watching PTM as the federal budget just put a pin in asset managers by lowering the superannuation contribution limits. PTM has pulled back 10.8% to $4.05 in the last five days, but is still up 39% from the March 10 low of $2.91. Look but don’t touch.

[So_Cynical]

I brought into PTM today at $4.73 pretty much a nine month low, factoring the dividend forward i reckon a gross yield of around 5.5% is quite probable...Platinum is a star fund manager in an industry dominated by mediocrity and ultra conservatism.

Australia's super pool is set to continue growing at a rapid pace and with investment choice slowly growing in acceptance with fund managers and financial literacy on the increase...star fund managers like Platinum can only
grow and gain greater acceptance.

[So_Cynical]

PTM released there Quarterly report a few weeks ago, 44 pages of smart big picture financial commentary and details on the activities of all the Platinum managed funds, finishing with some cartoons and African distractions.

http://www.platinum.com.au/images/ptqtr_0610.pdf

As for my PTM trade...im determined not to sell under $5.55 as i feel 17%+ profit is an acceptable exit all things considered.

[So_Cynical]

Platinum released there preliminary final report today.

http://www.platinum.com.au/images/ptm-app4e610.pdf

Highlights

• Total revenue up 13.15% (248 mill)
• Net profit after income tax up 8.49% (136 mill)
• Management fees up 16% (217 mill)
• Diluted earnings per share up 7.9% (21.62c to 23.33c)
• Final dividend up 16.6% (12c to 14c)
• Funds under management up 31.5% (18.4 bill)

ninemsn had bit of a write up about it.

http://news.ninemsn.com.au/article.aspx?id=7947906

My $4.73 entry of a few months ago (Green dot) is now starting to look like pretty good timing, with today's dividend increase im looking at a yield of a little over 6% gross going forward...not to shabby for a blue chip fund manager like platinum.
~

[skc]

Quote: Originally Posted by So_Cynical Platinum released there preliminary final report today. http://www.platinum.com.au/images/ptm-app4e610.pdf Highlights Total revenue up 13.15% (248 mill) Net profit after income tax up 8.49% (136 mill) Management fees up 16% (217 mill) Diluted earnings per share up 7.9% (21.62c to 23.33c) Final dividend up 16.6% (12c to 14c) Funds under management up 31.5% (18.4 bill) ninemsn had bit of a write up about it. http://news.ninemsn.com.au/article.aspx?id=7947906 My $4.73 entry of a few months ago (Green dot) is now starting to look like pretty good timing, with today's dividend increase im looking at a yield of a little over 6% gross going forward...not to shabby for a blue chip fund manager like platinum. ~