Two Directors at Platinum Asset Management Limited bought/sold/maiden bought 3,535,741 shares at between 0.604AUD and 0.630AUD. The significance rating of the trade was 78/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades ...
The independent financial analyst theScreener just lowered the general evaluation of PLATINUM ASSET MANAG (AU), active in the Asset Managers industry. As regards its fundamental valuation, the title still shows 2 out of 4 possible stars. Its market behaviour, however, has slightly deteriorated and will be qualified as risky moving forward. theScreener considers that these new qualifications justify an overall rating downgrade to Slightly Negative. As of the analysis date February 15, 2022, the c...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
Summary Marketline's Asian Mineral Resources Limited Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Asian Mineral Resources Limited since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensiv...
A transition to a new analyst results in a reduction in narrow-moat Platinum’s fair value estimate to AUD 4.90 per share from AUD 5.50. Although Platinum’s core funds have performed better in the four months to April 30, 2019, we expect the underperformance in the nine months to Dec. 31, 2018 will significantly reduce performance fees in fiscal 2019. That said, the lower fees should be partly offset by a reduction in variable employee expenses. When compared with fiscal 2018, this results in...
A transition to a new analyst results in a reduction in narrow-moat Platinum’s fair value estimate to AUD 4.90 per share from AUD 5.50. Although Platinum’s core funds have performed better in the four months to April 30, 2019, we expect the underperformance in the nine months to Dec. 31, 2018 will significantly reduce performance fees in fiscal 2019. That said, the lower fees should be partly offset by a reduction in variable employee expenses. When compared with fiscal 2018, this results in...
A transition to a new analyst results in a reduction in narrow-moat Platinum’s fair value estimate to AUD 4.90 per share from AUD 5.50. Although Platinum’s core funds have performed better in the four months to April 30, 2019, we expect the underperformance in the nine months to Dec. 31, 2018 will significantly reduce performance fees in fiscal 2019. That said, the lower fees should be partly offset by a reduction in variable employee expenses. When compared with fiscal 2018, this results in...
The transition of coverage to a new analyst and a precipitous fall in earnings prompts a reduction in narrow-moat Pendal Group’s fair value estimate to AUD 8.30 from AUD 10.30 per share. We also place Magellan Financial Group Limited and Platinum Asset Management Limited Under Review while we transition coverage to a new analyst. First-half fiscal 2019 underlying net profit after tax, or NPAT, was 26.6% lower than the previous corresponding period, or pcp. The compounding impact of lower ave...
The transition of coverage to a new analyst and a precipitous fall in earnings prompts a reduction in narrow-moat Pendal Group’s fair value estimate to AUD 8.30 from AUD 10.30 per share. We also place Magellan Financial Group Limited and Platinum Asset Management Limited Under Review while we transition coverage to a new analyst. First-half fiscal 2019 underlying net profit after tax, or NPAT, was 26.6% lower than the previous corresponding period, or pcp. The compounding impact of lower avera...
We are republishing as financial forecasts were incorrect on notes published on Feb. 22 and Feb. 7. Narrow-moat Platinum Asset Management’s first-half fiscal 2019 results were, while underwhelming, in line with recent guidance. Underlying NPAT was down 38% on the previous corresponding period, or pcp, to AUD 65.2 million as closing funds under management, or FUM, fell to AUD 24.1 billion in December from AUD 25.7 billion in June. Positive net inflows of around AUD 700 million weren’t enoug...
Narrow-moat Platinum Asset Management’s first-half fiscal 2019 results were, while underwhelming, in line with recent guidance. Underlying NPAT was down 38% on the previous corresponding period, or pcp, to AUD 65.2 million as closing funds under management, or FUM, fell to AUD 24.1 billion in December from AUD 25.7 billion in June. Positive net inflows of around AUD 700 million weren’t enough to plug the AUD 2.2 billion hole created by investment underperformance over the half year. Neverthe...
We are republishing as financial forecasts were incorrect on notes published on Feb. 22 and Feb. 7. Narrow-moat Platinum Asset Management’s first-half fiscal 2019 results were, while underwhelming, in line with recent guidance. Underlying NPAT was down 38% on the previous corresponding period, or pcp, to AUD 65.2 million as closing funds under management, or FUM, fell to AUD 24.1 billion in December from AUD 25.7 billion in June. Positive net inflows of around AUD 700 million weren’t enoug...
Narrow-moat Platinum Asset Management’s first-half fiscal 2019 results were, while underwhelming, in line with recent guidance. Underlying NPAT was down 38% on the previous corresponding period, or pcp, to AUD 65.2 million as closing funds under management, or FUM, fell to AUD 24.1 billion in December from AUD 25.7 billion in June. Positive net inflows of around AUD 700 million weren’t enough to plug the AUD 2.2 billion hole created by investment underperformance over the half year. Neverthe...
Narrow-moat Platinum Asset Management’s first-half fiscal 2019 results were, while underwhelming, in line with recent guidance. Underlying NPAT was down 38% on the previous corresponding period, or pcp, to AUD 65.2 million as closing funds under management, or FUM, fell to AUD 24.1 billion in December from AUD 25.7 billion in June. Positive net inflows of around AUD 700 million weren’t enough to plug the AUD 2.2 billion hole created by investment underperformance over the half year. Neverthe...
Platinum Asset Management is a successful Australian fund manager specialising in international equities. An impressive long-term track record brought rapid growth in funds under management in the last bull market, ending in late 2007. Income is predominantly from base management fees on funds with specific mandates. Maintaining a strong long-term investment track record is key to growing FUM and ability to charge high fees. Platinum's largest asset and expense remains its people. Its contrarian...
Narrow-moat Platinum Asset Management’s first-half fiscal 2019 results were, while underwhelming, in line with recent guidance. Underlying NPAT was down 38% on the previous corresponding period, or pcp, to AUD 65.2 million as closing funds under management, or FUM, fell to AUD 24.1 billion in December from AUD 25.7 billion in June. Positive net inflows of around AUD 700 million weren’t enough to plug the AUD 2.2 billion hole created by investment underperformance over the half year. Neverthe...
We’ve reduced our fair value estimate for narrow-moat-rated Platinum to AUD 5.50 per share from AUD 6.40 after updating our near- to medium-term assumptions on FUM, revenue, and profitability. Our new fair value estimate implies a P/E multiple of 19.8 times our 2019 earnings estimate, 18.8 in 2020 earnings estimate, and 18.3 in 2021. We apply a 9% weighted average cost of capital in our valuation. Key tailwinds supporting the industry include: (i) a growing managed fund base, driven by Austral...
We’ve reduced our fair value estimate for narrow-moat-rated Platinum to AUD 5.50 per share from AUD 6.40 after updating our near- to medium-term assumptions on FUM, revenue, and profitability. Our new fair value estimate implies a P/E multiple of 19.8 times our 2019 earnings estimate, 18.8 in 2020 earnings estimate, and 18.3 in 2021. We apply a 9% weighted average cost of capital in our valuation. Key tailwinds supporting the industry include: (i) a growing managed fund base, driven by Austra...
Platinum Asset Management is a successful Australian fund manager specialising in international equities. An impressive long-term track record brought rapid growth in funds under management in the last bull market, ending in late 2007. Income is predominantly from base management fees on funds with specific mandates. Maintaining a strong long-term investment track record is key to growing FUM and ability to charge high fees. Platinum's largest asset and expense remains its people. Its contrarian...
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