Total return of 15% in two years vs 30%+ for VGS.
And that's including the PMC discount to NTA shrinking 9% (from almost 20% to 11%).
Platinum are buying back shares just enough to prevent triggering the sunset clause (15% discount).
They are unlikely to let go this captive capital by making PMC an open-ended fund.
Their strategy has not changed despite the underperformance. It's the broken clock that's not even right twice a day. I'm out.
Ann: Strategic review of Platinum Capital Limited, page-4
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Last
$1.39 |
Change
-0.010(0.71%) |
Mkt cap ! $413.6M | |||
| Open | High | Low | Value | Volume |
| $1.41 | $1.41 | $1.36 | $142.2K | 102.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 38441 | $1.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.40 | 1678 | 2 |
View Market Depth
| Last trade - 12.19pm 12/06/2024 (20 minute delay) ? |
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Last
$1.39 |
Change
-0.010 ( 1.42 %) |
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| Open | High | Low | Volume | ||
| $1.36 | $1.39 | $1.35 | 13809 | ||
| Last updated 11.09am 12/06/2024 ? | |||||
| PMC (ASX) Chart |