PTM - Platinum Asset Management

[finicky]

I think you're all wrong.

Held

 

[Garpal Gumnut]

I think you're all wrong.

Held

gg

 

[Chipp]

Unless its a commodity or something making a cyclical low ( like IO 15/16 , lithium 20/21) i just avoid charts looking like this

 

[divs4ever]

I think you're all wrong.

Held

well the current trend is FUM leaking away ( for most of them )

why is it leaking away , because despite all fundamentals and logic several market indexes are pushing higher , making index funds look both brilliant and cost effective

now sure many of use know the market and economy have cycles , but the masses are still pushing the indexes higher

now sure some indexes are being elevated by a minority ( handful ) of 'hot stocks ' but the indexes climb as do the index funds and the investors don't see the value of a 1% plus performance fee fund manager that does make extra returns in 4 years ( or more )

remember the average investor might hold less than a dozen stocks , and not a specialist fund/manager for each market phase , say a deep value specialist , a long-short guy , and fund-manager that uses leverage or options

they just see the ASX testing record highs and their fund paying 4% after fees ( they can almost do better in a term deposit )

now some of us understand this damn market will retrace 40% or more .. eventually , but most of us can't be sure which month ( let alone week )

but some will choose a boring index fund ride it to the top and sell during a 5% retrace ( hoping for a profit)

this isn't my strategy , but some will make it work well enough ( and no high fees along the way , let alone the research some do )

 

[Smurf1976]

3-5 years of chart sort of told the story on this one

A high of $9.50 in February 2015 with yesterday's close at $1.08 says rather a lot.

I can see a possible short term trade here but not long term holding.

AI is going to shake the hell out of a lot of these in coming years . The 3yr performance on almost every fund they run is pitiful

Just my perception but it seems to be somewhat of a legacy business model.

How many younger people are these funds attracting as clients? Given the existence of index ETF's as well known and easy option, if the fund isn't outperforming the market over time then that's not going to encourage new customers.

 

[divs4ever]

A high of $9.50 in February 2015 with yesterday's close at $1.08 says rather a lot.

I can see a possible short term trade here but not long term holding.


Just my perception but it seems to be somewhat of a legacy business model.

How many younger people are these funds attracting as clients? Given the existence of index ETF's as well known and easy option, if the fund isn't outperforming the market over time then that's not going to encourage new customers.

it will certainly need some out-performances sooner rather than later

the new CEO has run a successful ' climate-friendly fund ' before ( that wasn't Green-washing ) but how do you convince burnt investors he can do it again , let alone keep Green adverse investors ( like me ) on board

now maybe a little fee-cutting will help but he needs to produce out-sized returns as well , and in a market where index funds seem to be a self-fulfilling prophesy to boot , unless he can recruit somebody like Peter Hall with contrarian successes to stand out from the crowd , i doubt he can do it

 

[Dona Ferentes]

Just my perception but it seems to be somewhat of a legacy business model.

How many younger people are these funds attracting as clients? .

you'd be surprised ... I went to a Platinum event and the demographic was quite young .. and moneyed. People actually want to see where their money is going.

 

[Chipp]

I much prefer the Wilsons Asset Managment model with LIC's if i was ever to invest in these types of fund . Swift Entry and exit , switch between funds , easily checkable transperant NTA etc . Never say never but i am proactively self managing my money for the forseeable future .

Home | Wilson Asset Management

wilsonassetmanagement.com.au

 

[Garpal Gumnut]

Disappointment would be written in the portfolios of buyers in PTM from March 1st to 27th in PTM. About 50m of stock bought by hopefuls who now sit on $25-$30m loss. This is big. Short term traders will predominate and I certainly would not be looking at a long term trade atm in PTM on a risk/benefit basis.

Which is not to say that it is not a good stock going forward. It is just not a good value investment at $1.15/$1.16. The fall from $1.30 where the above unfortunates sat with their shirts flying in the wind was 30c. Common sense would dictate a further fall of 30c to $0.80 for anyone who has ever sold anything in any market.

I will be looking closely at price action over the next month or two. If I am wrong, and PTM moves up from here, a further look at higher prices may be worthwhile when further information on facts (not hope) is available. But not under present circumstances at the present price.

This is still a downtrend with lower lows and lower highs. Fact.

gg

 

[divs4ever]

I much prefer the Wilsons Asset Managment model with LIC's if i was ever to invest in these types of fund . Swift Entry and exit , switch between funds , easily checkable transperant NTA etc . Never say never but i am proactively self managing my money for the forseeable future .

Home | Wilson Asset Management

wilsonassetmanagement.com.au

WAX bought in 2011 under 70 cents is the only Wilson's offering i have found attractive , but many others disagree

 

[frugal.rock]

Apparently, Platinum bad, Magellan good.

From around 13:15 a bit on Platinum

The Business: Thursday 28/3/2024

Solar panel push - a billion dollar government boost to kickstart local manufacturing. Plus the gold rush: our reporter Rachel Pupazzoni goes deep into WA's booming goldfields. Presented by Alicia Barry.

iview.abc.net.au

 

[Dona Ferentes]

Apparently, Platinum bad, Magellan good.

apparently,

"Regal Partners, which has made a string of acquisitions in the past year and now manages $16.5 billion, is working with Barrenjoey Capital Partners as it sizes up Platinum, one of the country’s oldest global equities players. Platinum has had a difficult decade, with investors pulling funds and returns falling. Yet, it still manages $12.2 billion.

"While there’s no certainty Regal will make a formal offer, or that a deal will take place, sources said the proposal is in an advanced state and would be in the form of shares....

s

 

[finicky]

I'll take anything.

Held

 

[Dona Ferentes]

I'll take anything.

if it implies a shake up of their funds, new blood, different focus then maybe the $$s would flow in again.

at present, it all seems rather rigid, sclerotic

 

[frugal.rock]

Quite uncanny.

I'm trying to size up Perpetual, but these old beasts all look like a dog's breakfast to me.
Perpetual is only down 50% in 5 years as apposed to this mutt (PTM) being 76% down same timeframe.

Let's be fair though, Magellan down 81% same timeframe.

Are these all really old stink woofers that don't fit in anymore, or are they due for a run?
Can the old people stench be washed off?

The reason behind these older vehicles being so down and out probably needs a new thread on its own by someone qualified.
@Dona Ferentes

 

[finicky]

"really old stink woofers", "these old beasts", "Can the old people stench be washed off?" "these older vehicles"

^^^
A gratuitously ageist post. Seething with hostility towards the boomers who built this society through hard work.
Mod.

 

[frugal.rock]

 

[frugal.rock]

^^^
A gratuitously ageist post. Seething with hostility towards the boomers who built this society through hard work.
Mod.

The boomers are largely responsible for where this country or society is at right now.

How's your wheelchair going?

 

[finicky]

Tsk tsk
Now he's gone disableist
Mod

 

[frugal.rock]

Held

I see

Tsk tsk

https://ebird.org/species/wilwag1