27/03/2024 16:20

Platinum Investment Management (PTM) $1.03

PTM -21.07%: more pain is being felt at the fund manager, Platinum today announcing a significant mandate loss to come through in March in a release to the market that landed at 6.14 pm last night...

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01/03/2024 16:32

Platinum Asset Management (PTM) $1.20

PTM +16.5%: rounding out reporting season, the fund manager announced HY results after market yesterday with some better-than-expected numbers taking it to 4-week highs. They have struggled with weak FUM flow numbers of late, however, a reduction in costs helped support earnings, EBITDA at $35.6m was ~4% better than consensus despite an in-line revenue number.

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08/04/2022 16:47

Platinum Asset Management (PTM) $1.895

PTM -15.02%: the fund manager struggled today after trying to sneak through a disappointing FUM update after market yesterday. They saw $222m in net outflows, but FUM fell a total of $1,676m to $19.4b, down 8.6% in March as performance weighed. Having a look at the funds, their largest, the Platinum International Fund which has over $7b under management, saw -6.6% returns...

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05/04/2022 10:04

Platinum Asset Mgt Ltd (PTM) $2.18

PTM has been a shocking performer over the last 12-months but still around $2 the $1.3bn fund manager is trading on a valuation slightly above 10x. With Kerr Neilson no longer steering the ship and the family still owning over 25% of the business, PTM still screen more expensive on from a FUM perspective relative to MFG.

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15/03/2022 09:17

Platinum Asset Mgt. (PTM) $2.18

PTM has lost over half of its value in less than 12-months as market confidence in active fund managers has drifted, the Ukraine invasion has just compounded a deteriorating picture, however we would argue that as the macro picture becomes more complex,  the time is nigh for active managers, particularly those with a value bias such as Platinum.

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14/01/2022 09:16

Platinum Asset Mgt (PTM) $2.63

PTM fell early yesterday after billionaire Judith Neilson sold her last 4.9% holding at $2.42, a decent discount to Wednesday’s closing price. The stocks endured an awful 2021 basically halving from its highs as  weakish performance and net outflows plague the business, in December it lost around 0.75% of its funds under management but a fully franked yield...

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26/08/2021 08:50

Reporting Today (A2M, APX, ALX, AUB, BKL, CGC, CWM, APE, EDV, FLT, IFL, LNK, NIC, PRU, PTM, PNV, QAN, QUB, RHC, RMS, SBM, SSM, TYR, WHC, WOW)

Companies reporting today include: A2 Milk (A2M), Appen (APX), Atlas Arteria (ALX), AUB Group (AUB), Blackmores (BKL), Costa Group (CGC), Cromwell Property (CMW), Eagers Automotive (APE), Endeavour Group (EDV), Flight Centre (FLT),  IOOF (IFL), Link Administration (LNK), Nickel Mines (NIC), Perseus Mining (PRU), Platinum Asset (PTM) – yesterday afternoon, Polynovo (PNV), Tyro Payments (TYR), Service Stream (SSM),  Qantas (QAN), Qube (QUB), Ramsay Health (RHC), Ramelius Resources (RMS), St. Barbara (SBM), Whitehaven Coal (WHC), Woolworths (WOW)

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25/08/2021 08:18

Reporting Today (3PL, APA, AGF, ABC, APT, AMI, ANG, AOF, AVG, BVS, GOZ, IEL, ILU, IGL, MPL, NSR, NEC, NST, ORE, PTM, SVW, WTC, WOR, Z1P)

Companies reporting today include: 3P Learning Ltd. (3PL), APA Group (APA), Acrow Formwork & Construction (ACF), Adbri Ltd. (ABC), Afterpay Ltd. (APT), Aurelia Metals Ltd. (AMI), Austin Engineering Ltd. (ANG), Australian Unity Office Fund (AOF), Australian Vintage Ltd. (AVG), Bravura Solutions Ltd. (BVS), Growthpoint (GOZ), IDP Education Ltd. (IEL), Ive Group (IGL), Iluka Resources (ILU), Medibank Private (MPL), National Storage REIT (NSR), Nine Entertainment (NEC), Northern Star (NST), Orocobre (ORE), Platinum Asset Management (PTM), Seven Group (SVW), Wisetech (WTC), Worley (WOR), Zip Co. (Z1P)

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13/07/2021 16:54

Platinum Asset Management (PTM) $4.22

PTM -8.26%: The asset manager was hit hard today after reporting net outflows of $167m for June. Total funds under management sits at $23.5b which was short of expectations. PTM along with other active managers are seeing money lost to passive strategies however PTM is also grappling with the departure from day to day operations from Kerr Neilson – co founder  who still owns 126m shares.

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