Platinum Asset Management Playing With Weak Hand Against Regal -- Market Talk

Dow Jones

2024/10/14

2232 GMT - Platinum Asset Management's 1.9% improvement in funds under management in September is comforting, but the business remains in outflow, says Bell Potter. That's significant given it is a takeover target of Regal Partners. "Against Regal Partners, Platinum are playing with a weak hand," says analyst Marcus Barnard. "While it does have a turnaround strategy, it is uncertain, long term and difficult to quantify." If Regal Partners walks away then Platinum's shares would fall heavily, Bell Potter says. The bank's adjusted EPS forecast falls by 18% in FY 2025 and by 14% in FY 2026. Platinum's shares are up 29% since Sep. 9. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

October 13, 2024 18:32 ET (22:32 GMT)

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That's significant given it is a takeover target of Regal Partners. \"Against Regal Partners, Platinum are playing with a weak hand,\" says analyst Marcus Barnard. \"While it does have a turnaround strategy, it is uncertain, long term and difficult to quantify.\" If Regal Partners walks away then Platinum's shares would fall heavily, Bell Potter says. The bank's adjusted EPS forecast falls by 18% in FY 2025 and by 14% in FY 2026. Platinum's shares are up 29% since Sep. 9. 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That's significant given it is a takeover target of Regal Partners. \"Against Regal Partners, Platinum are playing with a weak hand,\" says analyst Marcus Barnard. \"While it does have a turnaround strategy, it is uncertain, long term and difficult to quantify.\" If Regal Partners walks away then Platinum's shares would fall heavily, Bell Potter says. The bank's adjusted EPS forecast falls by 18% in FY 2025 and by 14% in FY 2026. Platinum's shares are up 29% since Sep. 9. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 13, 2024 18:32 ET (22:32 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"RPL.AU","symbol_name":"Regal Partners Limited","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2475750628","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2475750628","pubTimestamp":1728858720,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2232 GMT - Platinum Asset Management's 1.9% improvement in funds under management in September is comforting, but the business remains in outflow, says Bell Potter. That's significant given it is a takeover target of Regal Partners. \"Against Regal Partners, Platinum are playing with a weak hand,\" says analyst Marcus Barnard. \"While it does have a turnaround strategy, it is uncertain, long term and difficult to quantify.\" If Regal Partners walks away then Platinum's shares would fall heavily, Bell Potter says. The bank's adjusted EPS forecast falls by 18% in FY 2025 and by 14% in FY 2026. Platinum's shares are up 29% since Sep. 9. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"RPL.AU":"Regal Partners Limited","BK7062":"资产管理与托管银行"},"translate_title":"Platinum Asset Management弱手对抗Regal——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RPL.AU":0.9,"PTM.AU":0.9},"content_text":"2232 GMT - Platinum Asset Management's 1.9% improvement in funds under management in September is comforting, but the business remains in outflow, says Bell Potter. That's significant given it is a takeover target of Regal Partners. \"Against Regal Partners, Platinum are playing with a weak hand,\" says analyst Marcus Barnard. \"While it does have a turnaround strategy, it is uncertain, long term and difficult to quantify.\" If Regal Partners walks away then Platinum's shares would fall heavily, Bell Potter says. The bank's adjusted EPS forecast falls by 18% in FY 2025 and by 14% in FY 2026. Platinum's shares are up 29% since Sep. 9. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  October 13, 2024 18:32 ET (22:32 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}