PTM - Platinum Asset Management

[edison]

I sold at 8.45 ..... Made a tidy profit ...

But I will definitely watching this stock for the next month or 2 ..... to see if I can buy more ...

[Lawso]

WOW!.

What to do now? - sit on my 2000, sell for a 70% profit, or buy another 2000 and average my buy price down to around 675? Decisions decisions.

[OldRider]

I see trades today in PTM, not far from double in number and value all trades on the NZX.

A dream would be to have companies like this in NZ. No reason why we can't,is there?.

[777]

Its has been a good day. Good to see the price has held up.
25,000,000 traded so far of 561,000,000 on issue. That is 4.5% but if the float was for only 25% then it means about 18% of allotted shares have traded today. Think I have got that right.

See they have hit a days high of 884 now.

[OldRider]

I noticed in the Top 20 shareholder list a Judith Neilson with about 140M shares. Presumably a connection of Kerr, and between them both probably have a fair share of the top holding of 280M as well, their profits for the day make us look a bit like amateurs.

Good luck to them both I'm happy to ride on their coat tails for a while.

[Lawso]

She's his missus. Most of the shares offered in the IPO were in her name.

[Footsie]

i was all set to buy on the open

then.....OH 8.60
NO THANKS

plenty of other fish to fry

too much froth for footsie and co.
would have been a happy buyer at 6.50 but not up here

[steve fleming]

Kerr Neilson now Australia's 3rd richest person.

Paper wealth of $3.8 billion.

[SEC]

quote:Originally posted by SEC

On fundamentals alone $6 - $6.50 is justified but if herd mentality/greed take over then you may well get your $7.50. And a good stagging opportunity.

9 bucks - you cannot be serious! Forward PE of 27, a huge premium to other fund managers. Greed has definitely taken over here. I sold out at close, $9 is just silly. Thanks Commsec, this was my best ever day on the sharemarket.

SEC

[Huang Chung]

Congratulations to everyone who was able to get in on the PTM float....I wish I could say I was one of you!

That this would make the lucky few some easy money was probably the year's biggest no brainer, but geez, 9 bucks, that's incredible!

Interestingly, Huntley's now have them as a hold.

I noticed that AXA had a great day as well, no doubt riding the PTM wave of euphoria.

Where to from here [?]