Platinum IPO

I see Kerr Neilson is floating his funds management business.

Anyone thinking of investing?

Cheers
N.

I'm very tempted ... although that doesn't fit with my current strategy.

For those that are getting excited - you need to be a commsec or Bell Potter client to access the IPO.

It's very interesting - he's only selling to retail investors and already people are fizzing to get in. Not that that is a surprise, the guy is the best funds manager in Australia. Tips are that it's going to be very difficult to get shares, unless you know someone.

Mark

Mark,

If he's the best fund manager around I'd like to see some better results from the Platinum International fund. Its only achieved a measly 3-4% YTD.

MJK

Lol, it never ceases to amaze me how some people think. What do you want from the guy MJK? 10% a month? Seriously....

Mark

Some discussion about it here:

Platinum Asset Management Limited IPO (Comsec) - Shares.com.au

Mark

5 year total performance (not annualised), assuming reinvested distributions:

217.8% Platinum Asia (just over 4 years since inception)
99.1% Platinum International Brands
89.8% NavraInvest W/S AUS Blue Chip (< 4 years since inception)
79.2% Platinum European
76.2% Platinum Japan
51.4% Platinum International

1 year performance assuming reinvested distributions:

18.4% NavraInvest W/S AUS Blue Chip
12.75% Platinum European
7.0% Platinum Asia
6.0% Platinum International Brands
1.09% Platinum International
-9.15% Platinum Japan


... which shows pretty well why I no longer hold any of the Platinum funds other than Platinum Asia.

I still like the Platinum International Brands and it is on my short list, but its recent performance hasn't justified its re-inclusion in my portfolio.

In general, I do like the investment style of Platinum, but I won't invest in something that isn't performing consistently.

I considered it but won't buy in. I can't afford to leverage further. But for those that can I think it's a good investment, it should be cashflow neutral within 2 or 3 years so long as dividends grow 30% over this period.

No not 10% per month but 10% a year would be my minimum. Is that too much to ask for from the worlds best?

MJK

I suppose what I'd really like to know is if a turn around for this fund is anticipated. I havn't exited the fund in this hope.

I am invested in 11 funds all together and the only one that is not performing this year is Platinum Int. My other International shares fund with Vanguard is killing it.

Opinion welcome.

MJK