PTM
Platinum Investment Management trading as Platinum Asset Management ("Platinum") is a specialist fund management company that makes investments in a portfolio of global equities. Platinum Asset Management Limited (PTM) is the owner of Platinum. PTM listed on the Australian Stock Exchange (ASX) on 23rd May, 2007. Subsequent to listing, outside interests own around 30% of Platinum Asset Management Limited shares with the remaining around 70% of the shares held by the key personnel.
Here is a strategy update on the Budget Impact on Equities provided by Australian market analyst UBS.
Strategy – Budget Impact on Equities
Allco Finance (AFG) was the best performer in the sharemarket taking in a 113% increase in their share price for the week. Among the best performing stocks for the past trading week (week 13 of 2008) on the Australian sharemarket were a mixture of finance and real estate: Allco Finance (AFG), ING Office (IOF), Valad Property (VPG), Transfield Services (TSE), Platinum Asset (PTM). These best performing stocks for week 13 of 2008 recorded gains above 11.4 percent by the end of the trading week.
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