Platinum IPO

perky · 22-05-2007, 01:53 PM

What a joke, I got 7% of what I applied for through BT.
Why bother??
To add insult to the injury, the other 93% has been charged a sh1tload of interest too while I waited.
Hopeless.
I can feel your pain Simon.

Jacque · 24-05-2007, 08:03 PM

Well with a close price of something like $8.80 those of you who bought a lot in and decided to sell today made a tidy little profit

AndyB · 25-05-2007, 10:35 AM

I also only recieved approx 7% of application thru BT. But as Jacque said with the price approx $8~$9, for the small effort involved on my part I am still happy to keep for 12 months or so.

Regards
Andrew
ps I have only been a platinum investor thru BT for 18 months, so I guess that is all I deserved anyhow.

gad · 16-06-2007, 10:46 AM

G'day Sim

You posted this in April:

Quote:

Originally Posted by Sim

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

In reference to the Asian fund, Morningstar list the Platinum Asia funds performance for the last 6 months (31 May 07) as being 18.64%, 1 yr 29.6% & 3 yr 35.78%pa.

In my efforts to diversify & being unable to get into the Maqarie Premium China Fund (min. $3m to invest outside a platform) I'm looking at the Platinum asia fund. You comments would be appreciated.

Thanks

Sim · 16-06-2007, 11:23 AM

I like the Platinum Asia fund still ... it went through a down period for a while - but it's come back very strongly now. It also doesn't tend to react to the volatility of the Chinese markets - which is good. My understanding is that Platinum Asia doesn't invest much directly in China, but rather, in other strong companies in the region which will stand to benefit from the regional growth induced by China's strong economy.

The attached chart shows the problems with looking at historic performances - you don't get any context ... so my 7% return for Platinum Asia, while technically accurate, didn't show the strong growth before and after that drop in April last year.

DaveA · 16-06-2007, 01:11 PM

Quote:

Originally Posted by gad

In reference to the Asian fund, Morningstar list the Platinum Asia funds performance for the last 6 months (31 May 07) as being 18.64%, 1 yr 29.6% & 3 yr 35.78%pa.

180 days ago (18th December) the unit price was $2.5392, last traded unit price was $2.9222, a 15.08% capital return plus any distributions

in the last 365 days, 16/6/06 the price was 2.3391, making a 24.93% capital return, making it the best performing platnium fund by far...

i do love your graph though Sim....

gad · 16-06-2007, 01:12 PM

Thanks Sim for such an informative reply.

It is very much appreciated. Thank you.

gad · 16-06-2007, 01:18 PM

G'day DaveA

There was also a dividend payment on 30/6/06 of 0.133656!
Which took it down from $2.3639 to $2.23.

DaveA · 16-06-2007, 01:21 PM

Quote:

Originally Posted by gad

G'day DaveA

There was also a dividend payment on 30/6/06 of 0.133656!
Which took it down from $2.3639 to $2.23 which I don't think you have included in your calcs.

yeah i know i havent... thats why i was talking about capital returns

amazing to see how your original 10,000 has been turned into $37k, talk about the power of gearing....

perky · 16-06-2007, 07:26 PM

We got into Platinum Asia at 28th April 2006 - and that 100k is now worth 120k with re-invested dividend - so the timing wasn't perfect....but am reasonably happy with the return. Got to admit I was hoping for more - would've done a lot better getting in at the end of June - would have made over 30% from that point. !!!