PTM - Platinum Asset Management

[shinobi346]

Some strong buys today. Looks like its heading back up from the graphs.

1 2 3 4 5 once I caught a fish alive

 

[Sean K]

Some strong buys today. Looks like its heading back up from the graphs.

1 2 3 4 5 once I caught a fish alive

Wishful thinking I think shinobi. One positive day does not make a bottom, as you can see on this chart.

A stock needs to be making higher lows and highs before you can call it 'going up'. Needs to crack $5.50 for a start and then $6.00 resistance.

1 2 3 4, you pad a post again, and it's out the door!

 

[Rainmaker2000]

There is no real reason the stock should be jumping back up since there will be some further negative FUM numbers to come out in coming months.....it is pretty cheap already though

 

[shinobi346]

Well it was only 5 cents short of that today. Lets see what will happen tomorrow. Volume still looks pretty strong and the way I see it, it was falling with the market.

PTM was my fish, Kennas.

 

[winanga]

Ken, 75% of PTM's shares are owned by staff, so the free-float is tiny compared to MQG or BNB. Don't mean to sound patronising, but how much research do you do before investing?

 

[blaze87]

Ken, 75% of PTM's shares are owned by staff, so the free-float is tiny compared to MQG or BNB. Don't mean to sound patronising, but how much research do you do before investing?

is there a general website you can use to find director's holding as a % for most, if not all companies on the asx?

 

[winanga]

Blaze, it depends on what information provider(s) you have access to.

If you've got basically nothing, the best place to find this is in their annual report - see http://www.annualreportsunlimited.com.au/ . The top 20 shareholders are listed in the last few pages. Of course, these are only updated once a year, but they can give you a good idea of who the big, stable shareholders are. PTM are in their first year, so they haven't got a report yet.

From Bloomberg, Kerr Neilson owns 58%, Andrew Clifford owns 6%, and Malcolm Halstead owns 4%.

Winanga

 

[shinobi346]

AEGIS has put a buy recommendation on this share. 12month target being 5.98 down from 6.23.

They expect demand for investment assets in Aust to exceed supply, which in turn will push people to turn towards global fund managers like PTM. AEGIS has a strong long term outlook on this share so their analysis is more for the investor than trader.


07 08 09
EPS 33.6 33.2 36.2
DPS 0.0 30.0 32.5



disclaimer: what I wrote above could be totally wrong and I may have dreamt it up in my sleep. I hold PTM but I'm not selling anytime soon so the SP makes no difference to me.

 

[Rainmaker2000]

The perfect storm.......burn baby burn........I'm looking to hold this one for fifty years or so, give or take a decade

 

[Buffettology]

The perfect storm.......burn baby burn........I'm looking to hold this one for fifty years or so, give or take a decade

40 years is a long long time!

Cant say I apply more than a 10 year time-frame to my valuations or investments! Of course, this being updated yearly as new figures are released!

 

[Rainmaker2000]

I think the stuff Buffet likes muchly, he buys to hold indefinitely......his cornerstone investment in the Washington newspaper springs to mind.....of course, I get very itchy if stuff hits a high valuation but I try to fight it.......like I got out of FLT few months ago but really tried to force myself not too...that sell looks good now, but will it look good in 10 years?

Platinum is up round 50 cents this morning which suggests that Kerr has given a loan to his staff to buy some stock..hehe

 

[Buffettology]

I think the stuff Buffet likes muchly, he buys to hold indefinitely......his cornerstone investment in the Washington newspaper springs to mind.....of course, I get very itchy if stuff hits a high valuation but I try to fight it.......like I got out of FLT few months ago but really tried to force myself not too...that sell looks good now, but will it look good in 10 years?

Platinum is up round 50 cents this morning which suggests that Kerr has given a loan to his staff to buy some stock..hehe

Yeh, but in my number crunching, when I enter the timeframe into my equations, I enter 10 as the number of years to calculate my FV and then 10 and a 15% i to convert that back to my PV.

When valuations get too high, I usually sell HALF my stock in the company (in very untrue Buffett style) and try to buy in again when its a bit cheaper! That way, I cover both bases. Seems to have worked so far!

lol on Kerr. Platinum got hit very hard the last few days, so it makes sense it gets one of the best bounces so quickly! A lot of these other stocks lost their value over the previous few weeks, as opposed to few days, so they will take some time to recover.

You have much cash to buy up bargains in this fall, or you bulk in stocks?

 

[Rainmaker2000]

Still, I thought the sudden fall in PTM had some logic....their 'trading stock', emerging international shares have been hit hard....that's more logical than my favorite Salmon farmer Tassel losing a $1 because a few Americans couldn't pay back their loans.

I was fortunate to exit my largest holdings, JST among them, at good times, but I have not preserved as much cash as I'd like for this time....it's times like this that I remind myself the patience the very best investors show and how deficient I am of that patience and timing..... Right now, you can buy even the best businesses 'on sale'...JSt included....still I'm very happy with my holdings and looking forward to the profit season

 

[Buffettology]

Still, I thought the sudden fall in PTM had some logic....their 'trading stock', emerging international shares have been hit hard....that's more logical than my favorite Salmon farmer Tassel losing a $1 because a few Americans couldn't pay back their loans.

I was fortunate to exit my largest holdings, JST among them, at good times, but I have not preserved as much cash as I'd like for this time....it's times like this that I remind myself the patience the very best investors show and how deficient I am of that patience and timing..... Right now, you can buy even the best businesses 'on sale'...JSt included....still I'm very happy with my holdings and looking forward to the profit season

Yeh, I sold ALL my JST in the end at around 5.88, but bought a relatively large chunk back at 5.04, no need to mention, they are my biggest loss so far as far as dollar value is concerned. DEX I have lost more % wise but didnt invest nearly as much in it.

I also got completely out of EQN at 6.45 I beleive, which freed up cash for BKL and TOL of which are both even with what I got them at (hasnt done nearly as bad as EQN in this crash, so Im lucky with that).

I agree, I am by nature very impatient, though obviously not as much as some. Agreed, some great sales out there, JST one of them! But no way am I putting anymore into it, some bad retail figures and I would be blown out from that stock! Though, I do love it as a long-termer 10 year timeframe!!

Profit season is the big ? here, but like you, I am happy with my portfolio and think they should fare well as far as profits are concerned! That will truly determine how this rally pans out!

 

[Rainmaker2000]

The bounce from PTM now is hard to explain to 4.8 from below 4............I can only conclude that some market players read the same passage in the quarterly funds report that read.....namely that PTM's international fund by end of December had more than 30% in short selling US stuff....that's up from their usual 20% in short selling

They may not make 25% returns on their funds this year, but they are going to kill their index again

 

[oldblue]

Does anyone have any ideas why PTM jumped 49c yesterday?
No news so far as I can tell.

 

[Rainmaker2000]

I've been fishing for that info as well, but since the price tanked this morning, it was obviously someone was told they had to get the order by Friday.....not like the institutions care about their own shareholder returns..hehe

Looks like FUM may be stabalising in recent months....PTM has the cleanest income statement of any company I've seen...be interesting to see how low the price will go

 

[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?

 

[Rainmaker2000]

hehe, well put....must say I don't have a subscription to that well known publication but due to a similarity in investing methods, I often share some of their stocks...while I own a lot of stocks, they include ifm, tim and ptm......

For what it's worth, I think their recommendation of ptm float was irresponsible (I heard it was $7.50!!)..I still can't believe the stock hit $9 something..I've looked closely at SIP and don't like it at all....Still, stock investing can be a long race

 

[fredericktang]

What's everyones feeling about PTM at the moment? is it still worth it to hold? I know there's a negative sentiment about financial stocks at the moment, and the sector is getting hammered. Is PTM one to hold?

Thoughts?