Platinum Asset Management

I bought PTM at $6 as recommended in view of a falling Aussie dollar. I am an investor, not usually a trader, but in view of their decline over last few days (until lunchtime today), should one hang in there? Presumably, the decline reflects disappointment with the half yearly report.

A: Thanks for the question.


PTM (Platinum Asset Management) is now trading at $8.21 – so you have had a good gain.


Yes, recent fall from a high of $9.30 reflects disappointment with earnings result, and subsequent broker downgrades.


According to FN Arena, broker sentiment on PTM is negative at -0.3 (scale -1.0 is most negative to +1.0 most positive), with a consensus target price of $8.09.



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