PTM - Platinum Asset Management

[Garpal Gumnut]

The last 17 months have been difficult and a complete contrast to the 17 months preceding the last 17 months, i went from completing a trade every 3 weeks on average to a trade every 3 months..i just got stuck in a heap of trades bought at the last top.

Very very reluctant to buy into this top...sitting on a heap of cash.




Cash v PTM no contest..if i had sold out completely today i would have profits and dividends equivalent to a profit of close to 40% gross ~ with just the first (oldest) parcel that is 33 months old, i have made 123 CPS 26% gross (8.7% PA)...so even my worst investment in PTM beat cash and my best killed it.

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Now for an interesting STW comparison...STW being the State Street ASX200 tracking fund...bottom line on the chart is PTM, interestingly PTM fell much further than the index and is still somewhat under performing and because it fell further the gains have been greater, bottom to top.

The only conclusion i can come to looking at the comparison chart is...i have made a lot more money buying PTM, trade profits are greater and open profits are greater... probably slightly ahead on the dividend front too.
~

That is a very good informative chart. S_C

I actually sold my PTM about a month ago for $5.10.

Since then it has oscillated up and down around that price.

I must look at it again.

gg

 

[white_goodman]

im still in from late last year, looks like a classic flag if your into that technical sorcery

 

[Garpal Gumnut]

im still in from late last year, looks like a classic flag if your into that technical sorcery

I have some goats, too kind and informative to kill and look at their entrails.

Flags imo are passe, and I don't see one here.

It is a box, sideways pattern, desperately seeking to break up, with a good chance of doing so on recent volume.

I'd be inclined to buy in again closer to $5.00, as it is a mature sideways movement, or , above $5.44 which is the recent high.

And good on you for sticking with it, I made a tidy profit on my exit, but you are ahead of me atm.

gg

 

[Gringotts Bank]

... and I don't see one here.
gg

Long pole, big flag, breaking out.

 

[Garpal Gumnut]

Long pole, big flag, breaking out.

May we basically agree to disagree. It looks like a flag, sort of, but. I'd never bet my firstborn on a flag.

I see it touching $5.00 again, and if it goes up it is very bullish over $5.44

gg

 

[Gringotts Bank]

...but. I'd never bet my firstborn on a flag.

gg

What about that red headed kid you said wasn't yours who hangs around the Townsville pub? Low risk bet.

(no malice intended)

 

[Garpal Gumnut]

What about that red headed kid you said wasn't yours who hangs around the Townsville pub? Low risk bet.

(no malice intended)

lol

Julia was always a problem ranga.

gg

 

[rbgmauq]

Watching for a break of 5.30 here.

 

[So_Cynical]

Waiting for dividends here, finished my buying at $3.62

 

[Garpal Gumnut]

Watching for a break of 5.30 here.

I feel you could get burnt on that.

Wait for $5.44, the high before the trading range, I would be with you on that.

My guess is though it will retrace to $5.00.

It's May, ay, as we say in North Queensland.

gg

 

[tinhat]

I feel you could get burnt on that.

Wait for $5.44, the high before the trading range, I would be with you on that.

My guess is though it will retrace to $5.00.

It's May, ay, as we say in North Queensland.

gg

I would also be interested in seeing it get over 5.44 There's been huge volume in the past three days but the resultant rise in share price so far is disappointing given the amount of volume - there has been plenty of supply to meet demand. If that supply dries up then the share price may get going over the next few days, otherwise I suspect it will drift sideways for a bit longer.

Fundamentally, the only thing that comes to mind that might drive the value of the business up is a correction in the AUD. Given that they have a lot of funds that are invested in overseas markets but denominated in AUD, this could be a catalyst for a revaluation.


Note the build up in volume, especially the last three volume bars.

 

[So_Cynical]

Completed my PTM trade today @ $5.20, i sold my 2 most expensive parcels for trade profits of 9.36% and 17.04% leaving my remaining shares in profit to the tune of near 36%

Sold another 2/3's of my remaining shares today @ $5.75 probably should of waited for a strong up day but the new financial year and need to free up cash got the better of me. trade profit of 42.38% well worth the 3 year wait, close to 60% with dividends thrown in.

I suppose that the falling AUD and strong US market is helping the PTM share price, up substantially today while the index fell away.

 

[white_goodman]

the technical sorcery has seemed to have paid off

still in for a chunk for an avg of 3.90's

 

[piggybank]

The last 4 days of action have seen the price increase by 10% and closed today $6.84. Its highest close since Oct 2007

 

[Miner]

2013- no posting on PTM for more than 3 years ? Is the company still healthy ? Its current ratio is shocking and the price is southwards ?
Any one please throw some light into it ? Kerr Neilson is still there but how long ? Saw how the majority holder of Hunter Hill ducked out selling shares at much lower value.
Restrained to buy and thought to ask forum before getting too excited on PTM.

 

[skc]

2013- no posting on PTM for more than 3 years ? Is the company still healthy ? Its current ratio is shocking and the price is southwards ?
Any one please throw some light into it ? Kerr Neilson is still there but how long ? Saw how the majority holder of Hunter Hill ducked out selling shares at much lower value.
Restrained to buy and thought to ask forum before getting too excited on PTM.

Some discussion in the IFL thread recently..
https://www.aussiestockforums.com/threads/ifl-ioof-holdings.18490/page-2#post-922548

 

[Klogg]

2013- no posting on PTM for more than 3 years ? Is the company still healthy ? Its current ratio is shocking and the price is southwards ?
Any one please throw some light into it ? Kerr Neilson is still there but how long ? Saw how the majority holder of Hunter Hill ducked out selling shares at much lower value.
Restrained to buy and thought to ask forum before getting too excited on PTM.

Given the size of Neilson's holding, I doubt he's going anywhere...

 

[skc]

Given the size of Neilson's holding, I doubt he's going anywhere...

Neilson is a key man risk... he's 67 so he won't be around forever, whether he intended on going anywhere willingly or not. So the question is not if but when? (All the best to his health and all...)

But you'd hope he wouldn't leave the same way Hall did by spitting the dummy. My guess is he will announce a transition period where he slowly withdraws from the business... going part time, grooming successors etc etc. That's the sensible way to protect his own interest and legacy.

Worth keeping an eye on HHL, it may offer a glimpse into what the loss of a key man might do to flows and company operations.

 

[Miner]

Neilson is a key man risk... he's 67 so he won't be around forever, whether he intended on going anywhere willingly or not. So the question is not if but when? (All the best to his health and all...)

But you'd hope he wouldn't leave the same way Hall did by spitting the dummy. My guess is he will announce a transition period where he slowly withdraws from the business... going part time, grooming successors etc etc. That's the sensible way to protect his own interest and legacy.

Worth keeping an eye on HHL, it may offer a glimpse into what the loss of a key man might do to flows and company operations.

Some discussion in the IFL thread recently.
https://www.aussiestockforums.com/threads/ifl-ioof-holdings.18490/page-2#post-922548

Given the size of Neilson's holding, I doubt he's going anywhere...

Thanks, SKC and Klogg for your value added comments. I also looked into IFL thread as indicated by SKC.
My sell instruction on HHL got carried by BT Wrap. Put a buy order on PTM at an atrocious low price. Honestly, Kerr Neilson should provide confidence to the shareholders and board with the second line of defence. I am putting myself now for PTM on the sideline than getting excited.

 

[So_Cynical]

I sold out late last year on the basis that all the traditional fund managers are struggling with the shift to indexing, PTM in particular because they have been holding a lot of cash waiting for a pull back that hasn't come. Kerr has lost his touch.