Planet Platinum (PPN)

Submitted by Marco on 24 October, 2006 - 11:47

Planet Platinum (PPN) has their share price steadily around 15 cents. They claim their industry Group as simply "Consumer services". You may have heard about them when they first floated on the Australian Stock Exchange in 2003. They were in the news quite a bit because of their business mainstay: bordellos and classy strip joints. I think the thought of their business actually made me think that their business would be successful: since of course, that industry is perhaps the oldest industry in the world. Would I invest in it? No. I don't think it is an ethical investment for me. And secondly, the stock doesn't seem to have any trend in price and come to think of it, there is no prospect for growth (well hopefully there isn't or else society is in deep trouble), unless their business buys out other locations.

Their website cheekily claimed:

For those of you that have already had the pleasure of meeting our interactive tour guide Bailey on the Showgirls Bar 20 website you will be delighted to know that you can have her for your very own!

Planet Platinum Limited is listed on the Australian Stock Exchange (ASX) under stock code PPN. You can view their investor website here. PPN was listed on the ASX on 1 May, 2003. Planet Platinum's principal activities are property ownership and adult entertainment.