Platinum Investment Management Limited (ASX: PTM)
Australia
· Delayed Price · Currency is AUD | Market Cap | 358.69M |
| Revenue (ttm) | 185.36M |
| Net Income (ttm) | 45.01M |
| Shares Out | 560.45M |
| EPS (ttm) | 0.08 |
| PE Ratio | 8.22 |
| Forward PE | 9.16 |
| Dividend | 0.08 (12.50%) |
| Ex-Dividend Date | Dec 12, 2024 |
| Volume | 4,255,839 |
| Open | 0.650 |
| Previous Close | 0.650 |
| Day's Range | 0.640 - 0.665 |
| 52-Week Range | 0.610 - 1.380 |
| Beta | 1.21 |
| Analysts | n/a |
| Price Target | n/a |
| Earnings Date | n/a |
About ASX: PTM
Platinum Investment Management Limited is a publicly owned hedge fund sponsor. It primarily provides its services to pooled investment vehicles, pension and profit sharing plans, corporations. The firm is a large advisory firm which provides portfolio management for pooled investment vehicles, portfolio management for businesses or institutional clients. The firm is actively engaged in businesses, including commodity pool operator or commodity trading advisor. The firm also manages equity portfolios. It invests in derivatives, cash, shares, gov... [Read more]
Financial Performance
In 2024, PTM's revenue was 185.36 million, a decrease of -14.60% compared to the previous year's 217.04 million. Earnings were 45.01 million, a decrease of -44.33%.
Financial StatementsNews
Platinum Asset Agrees to Takeover Talks With Hedge Fund Regal
Australian funds manager Platinum Asset Management Ltd. has granted spurned bidder Regal Partners Ltd. a period of due diligence, opening the door to a potentially sweetened offer.
Platinum quashes Regal bid
Platinum Asset Management has rejected alternatives investment manager Regal Partners' takeover bid.
Platinum Rejects Hedge Fund Regal’s Bid, Says Open to Talks
Funds manager Platinum Asset Management Ltd. rejected a takeover offer from hedge fund Regal Partners Ltd., saying the offer undervalued the company and it was open to other bids.
Platinum rejects Regal’s takeover on value grounds
Regal Funds offered 0.274 of its own shares for every Platinum Asset Management stock plus a special dividend. But that wasn’t enough.
Regal’s Platinum play grants Phil King a $29b hedge fund empire
Embattled fund manager Platinum Asset Management appears open to talks with Regal Partners, which wants to buy the global equities manager in a share-based deal.
Hedge Fund Regal Makes Offer for Platinum Asset Management
Philip King’s Regal Partners Ltd. offered to buy rival Platinum Asset Management Ltd. as the hedge fund presses on with an expansion push that’s seen assets more than triple in just two years.
Platinum outflows drag performance
Persistent outflows cost Platinum Asset Management dearly in the last financial year as it hopes its new business unit, the Platinum Partner Series, will improve returns and stabilise flows.