PTM - Platinum Asset Management

[investforwealth]

I have been told that Comsec will direct debit accounts on 27/4/07.

They took the money from our CDIA account on Tuesday evening.

i think only a small proportion is offered to comsec clients, because our company js received our prospectus this week and most of our platinum clients as well, i think majority of the shares will be reserved for the current clients or support group (e.g. dealers).
if its oversubscribed already they wouldnt be sending out the prospectus anymore

I did think that it would be significantly oversubscribed. I applied for the maximum 4,000 shares and expected to be allocated less than that, but I was quite prepared and would be extremely happy to be allocated the entire 4,000.

CommSec seems to give preferences to clients who have participated in previous floats they have sponsored, and gives further preference to clients who have held their previous allocations for some time after listing. Which makes sense if they're underwriting it and end up with a bucketload of stock themselves, not that they would have had to take up any they didn't want on this one!

 

[lamadas]

Thanks for this disscussion on Platinum
Can anybody tell me what is so different between the current listed PMC (Platinum Capital) and the upcoming Platinum Asset Management float?
I have read some reports about PMC being overpriced at $2.20 and seeing as the new float looks like being $5 is this an indication of paying too much? or are they chalk and cheese?
thanks

 

[investforwealth]

Aegis Equities Research, a well respected, independent firm of over 20 analysts was commissioned to prepare a report on the Platinum float. It's well worth a read for anyone who's interested in PTM.

I couldn't upload it here because the file size was too large, but you can grab a copy from my website http://members.dodo.com.au/~csrm/. There's a link to it on the front page.

 

[louie]

Comsec has done its allocation. Need to check online.

Any one thats ordered $10,000 worth, got all their allocation.

 

[Sean K]

Lonsec are saying take the allocation too.

I'll try and get a research report up here tomorrow, or will be able to email it out.

 

[ozambersand]

Comsec has done its allocation. Need to check online.

Any one thats ordered $10,000 worth, got all their allocation

Louie can you tell me where you got that info from as Commsec just says shareholders will be notified on 16th and their holdings transferred on 17th.

Would be interested to see how much you get if you applied for the maximum amount.

 

[louie]

Louie can you tell me where you got that info from as Commsec just says shareholders will be notified on 16th and their holdings transferred on 17th.

Would be interested to see how much you get if you applied for the maximum amount.

Log on to Comsec, if you applied through them or took an allocation from them.
Then on the left hand side click under Position Statements and click on "Holdings".
Should come up with PTMZZ and the number of shares you applied for or allocated with.

I think anything over 20,000 shares got scaled back.

 

[UPKA]

Are any of you guys Platinum clients? I work for a financial services firm, we've been sent a letter that all platinum clients and advisors will be allocated the minimum amount if applied for. I don't know how that's gonna work, may be they set aside a portion for Comsec n Bell Porter applicants, and the rest to their clients n support stuff?

 

[carstev]

I've been an investor in Platinum virtually since day one and when I called them this arvo they said there is a chance I may get a ZERO allocation???
Anyone know any more about this??

 

[ozambersand]

I logged onto Commsec as you suggested and it is not showing any shares, so I hope that Zero allocation is not the explanation!

 

[ozambersand]

OK Commsec has listed my Platinum Asset Management allocation which looks like half of what I ordered.

Better than none I suppose!!!

From the Commsec site:

The transfer of Shares to successful applicants is expected to occur on 16 May 2007. Holding statements are expected to be dispatched on 17 May 2007. Shares are expected to commence trading on the ASX on 23 May 2007 under the ASX code PTM.

 

[lamadas]

OK Commsec has listed my Platinum Asset Management allocation which looks like half of what I ordered.

Better than none I suppose!!!

From the Commsec site:

would it be rude of me to ask what you requested or maybe... was it above 20000 shares.... as I had heard that above this amount the allocation would be reduced.

 

[ozambersand]

Yes it is rude, but hey it's a fair question.

I applied for $20,000 and looks like I got $10,000 (half).

 

[jkool]

Listing tomorrow. Who is gonna just flog it off once it reaches some decent levels...I dont know say $6...on the first day?

I stay on the sidelines for this one and here http://www.soundofgold.com/2007/05/22/any-value-left-in-the-platinum-float/ is why.

Good luck

jkool

 

[bse]

ptm opened at 8.50, did anybody buy from the market? is it worth buying at this price? let me know ideas? i didnt get to buy from the initial float so was planning to get from the market. but now at this rate of 8.50 odd .....

 

[stoxclimber]

I was crazy about this float at $5 and the criticisms posted in that post are laughable..at 8.50 I think its touch and go. Not the best but you could do worse. Above 8.75ish id be hesistant, but we should see institutional interest over the next few weeks

 

[Buffettology]

Damn, to own this, you would have made a killing. I tried to get in at the last minute, but didnt get an allocation.

Some other analysts at my work got in, and left work at 10am. Too excited to work, they got a large quantity as they were previous share holders in PTM, and are now a lot richer young men!

 

[3 veiws of a secret]

Twice I bought and sold this share today,not often have I done this on a first day listing. But for all the euphoria in the price, personally I would not be suprised to see this share slide/retract over the next few days or even next week. I hope so, the Insto's might then delve into this carcass. I expect I will try and snatch another parcel, for long term holding. To those still holding it must give you a warm feeling........ 5%+ annual return hmmmmmmmmmm?????

 

[telstrareg]

The bastards didn't send me or my parents the prospectus as promissed. When I heard the days gains I think I could honstly have walked in the front door and throttled someone.

F**CK!!!!!!!!!!!!!!!!!!

 

[UPKA]

The bastards didn't send me or my parents the prospectus as promissed. When I heard the days gains I think I could honstly have walked in the front door and throttled someone.

F**CK!!!!!!!!!!!!!!!!!!

U wont get them unless u r already a platinum client or associated with them in some way. Unless u applied on the first with with comsec or bellporter. I work as a financial planner, and we use platinum funds, even then I've only been allocated 700 shares.