PTM - Platinum Asset Management

[divs4ever]

Platinum Asset Management (PTM) -6.72% fell after announcing the loss of a $958 million institutional mandate.

and PTM has found yet another way to sell the take-over deal

so much for the 'rock-star CEO ' they appointed in December 2023

 

[divs4ever]

at least i left their Asian-focused LIC ( PAI ) in a profit ,

maybe i should bailed on PTM as well ( at whatever price i could get )

 

[divs4ever]

the LSF monthly update

now you may see why i have reservations on the merger , but then PTM is still leaking funds under management

i hold PTM

 

[divs4ever]

Platinum's new international funds boss shifts gears​

Platinum's new international funds boss shifts gears

Portfolio Manager Ted Alexander outlines the changes that he's made to Platinum's International Fund portfolio since taking charge in March, while staying true to its contrarian, value-focused roots.

www.firstlinks.com.au

basically a 'press release ' trying to slow fund outflows

but time will tell

i hold PTM ( deep underwater )

 

[divs4ever]

Update on discussions regarding potential merger of Platinum and L1 Capital

i hold PTM

 

[Dona Ferentes]

from The Oz

Melbourne hedge fund L1’s takeover bid for Platinum could come as soon as this week. L1’s founders say their acumen and support can arrest the slide of what was once a big-name firm under former boss Kerr Neilson.

https://www.theaustralian.com.au/business/l1-capital-founders-rafi-lamm-and-mark-landau-say-they-will-stay-locked-in-and-turn-around-platinum-asset-management/news-story/87ea2eee4b2e3acd8be1cc5462c0c5d5

... an unlisted shop taking over a listed one. Escrowed for how long??

 

[rolly1]

from The Oz

Melbourne hedge fund L1’s takeover bid for Platinum could come as soon as this week. L1’s founders say their acumen and support can arrest the slide of what was once a big-name firm under former boss Kerr Neilson.

https://www.theaustralian.com.au/business/l1-capital-founders-rafi-lamm-and-mark-landau-say-they-will-stay-locked-in-and-turn-around-platinum-asset-management/news-story/87ea2eee4b2e3acd8be1cc5462c0c5d5

... an unlisted shop taking over a listed one. Escrowed for how long??

L1 is listed under LSF

 

[Dona Ferentes]

Platinum Asset Management Limited has announced that it has entered into a merger implementation deed with the shareholders of L1 Capital1, which contains the binding terms of the proposed merger between Platinum and L1 Capital.

Subject to the satisfaction of the conditions precedent, which includes Platinum shareholder approval, at completion of the merger, Platinum will acquire 100 per cent of the issued share capital in L1 Capital, in consideration for the issue of new Platinum ordinary shares to existing L1 Capital shareholders.

Under the terms of the merger, it is expected that immediately following completion, the existing L1 Capital shareholders will hold 74 per cent of the issued share capital in the merged group, and existing Platinum shareholders will hold 26 per cent.

“The Platinum Board is unanimous in its view that this transaction is in the best interests of shareholders,” Platinum chairman Guy Strapp said.

“After careful consideration, we believe the combination with L1 Capital provides a catalyst to deliver strong outcomes for shareholders and investors, creating a high-quality manager with a strong heritage, world-class investment talent and scale."
.
just like magic
... and just in time?
.
Platinum Asset Management has announced it experienced net outflows of $428 million in June.

Its funds will pay distributions (net of reinvestment) of about $151 million in July, which will be reflected in the funds under management figures in next month’s announcement.

P

 

[Dona Ferentes]

L1 is listed under LSF

not quite

​

L1 Long Short Fund Limited is a listed investment company

L1 Capital is the manager of a range of funds

Independent Global Investment Manager | L1 Capital

Explore L1 Capital's investment funds, established in 2007, offering best-in-class long short, global, and activist equities.

www.l1.com.au

 

[finicky]

Platinum Asset Management (PTM) +3% was higher after finalising its merger terms with L1 Capital to create a $16.5 billion investment firm.

Held
Holding

 

[finicky]

Market Matters:
Platinum Asset Management (PTM) +13.13% jumped on a broker upgrade from Bell Potter from Hold to Buy and UBS revising its price target higher after the fund manager moved into binding terms to complete their merger with L1 Capital.

Held
Holding

 

[Garpal Gumnut]

Market Matters:
Platinum Asset Management (PTM) +13.13% jumped on a broker upgrade from Bell Potter from Hold to Buy and UBS revising its price target higher after the fund manager moved into binding terms to complete their merger with L1 Capital.

Held
Holding

Well done @finicky.

gg

 

[qldfrog]

Well done @finicky.

gg

Anyone following this baby, got in very recently and quite impressive

 

[finicky]

Got into this ages ago - just 2,000 shares thanks be to Allah. Sitting on $5,000 loss (down 75%)

Held

 

[frugal.rock]

Short to mid term future looking grim.
FUM decreasing lately and based upon August figure, it will lose another ~7.6% over October and November as notified by a major client recently.
Further, PTM is to be removed from the ASX 300 on 22/9/25

While the chart looks ok, the above doesn't.
Next.