Platinum's Turnaround Is Uncertain and Long Term -- Market Talk

Dow Jones

Dec 09, 2024

0326 GMT - Bell Potter analyst Marcus Barnard struggles to see how Platinum Asset Management can deliver more value to shareholders than Regal Partners' now-withdrawn A$1.30-a-share proposal. Barnard writes in a note to clients that he would not be surprised, based on Platinum's latest update, to find that the hedge-fund sponsor's sales have been lower than normal. Writing before Regal confirmed its proposal was no longer on the table, he notes that November was a bad month for Platinum. Its turnaround strategy is uncertain, long-term and difficult to quantify, he adds. Bell Potter downgrades its recommendation to sell from hold, cutting its target price by 39% to A$0.74. Shares are down 16% at A$0.8825. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

December 08, 2024 22:26 ET (03:26 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Trading app for stocks, options & ETFs","description":"Invest in US, ASX, HK, China A-shares, ETFs & options with Tiger Brokers, Australia's trusted stock trading app!","keywords":"tiger brokers,tiger brokers au,tiger brokers australia,tiger trade,tiger trading,australia stock platform,US option,US stocks,stocks and options,australian trading platform,online broker australia,stock trading apps,mobile trading app,desktop trading,chess sponsored brokers,share trading platform","social":{"ogDescription":"Invest in US, ASX, HK, China A-shares, ETFs & options with Tiger Brokers, Australia's trusted stock trading app!","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2490799350"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"AUS","license":"TBAU","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2490799350\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2490799350?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-12-09 11:26","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2490799350","market":"sh","top_or_hot":-1,"title":"Platinum's Turnaround Is Uncertain and Long Term -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0326 GMT - Bell Potter analyst Marcus Barnard struggles to see how Platinum Asset Management can deliver more value to shareholders than Regal Partners' now-withdrawn A$1.30-a-share proposal. Barnard writes in a note to clients that he would not be surprised, based on Platinum's latest update, to find that the hedge-fund sponsor's sales have been lower than normal. Writing before Regal confirmed its proposal was no longer on the table, he notes that November was a bad month for Platinum. Its turnaround strategy is uncertain, long-term and difficult to quantify, he adds. Bell Potter downgrades its recommendation to sell from hold, cutting its target price by 39% to A$0.74. Shares are down 16% at A$0.8825. (stuart.condie@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 08, 2024 22:26 ET (03:26 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Platinum's Turnaround Is Uncertain and Long Term -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPlatinum's Turnaround Is Uncertain and Long Term -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-12-09 11:26</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0326 GMT - Bell Potter analyst Marcus Barnard struggles to see how Platinum Asset Management can deliver more value to shareholders than Regal Partners' now-withdrawn A$1.30-a-share proposal. Barnard writes in a note to clients that he would not be surprised, based on Platinum's latest update, to find that the hedge-fund sponsor's sales have been lower than normal. Writing before Regal confirmed its proposal was no longer on the table, he notes that November was a bad month for Platinum. Its turnaround strategy is uncertain, long-term and difficult to quantify, he adds. Bell Potter downgrades its recommendation to sell from hold, cutting its target price by 39% to A$0.74. Shares are down 16% at A$0.8825. (stuart.condie@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 08, 2024 22:26 ET (03:26 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":"BK7062","symbol_name":"资产管理与托管银行","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2490799350","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2490799350","pubTimestamp":1733714760,"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":"0326 GMT - Bell Potter analyst Marcus Barnard struggles to see how Platinum Asset Management can deliver more value to shareholders than Regal Partners' now-withdrawn A$1.30-a-share proposal. Barnard writes in a note to clients that he would not be surprised, based on Platinum's latest update, to find that the hedge-fund sponsor's sales have been lower than normal. Writing before Regal confirmed its proposal was no longer on the table, he notes that November was a bad month for Platinum. Its turnaround strategy is uncertain, long-term and difficult to quantify, he adds. Bell Potter downgrades its recommendation to sell from hold, cutting its target price by 39% to A$0.74. Shares are down 16% at A$0.8825. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7062":"资产管理与托管银行"},"translate_title":"铂金的扭亏为盈是不确定的和长期的——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PTM.AU":0.9},"content_text":"0326 GMT - Bell Potter analyst Marcus Barnard struggles to see how Platinum Asset Management can deliver more value to shareholders than Regal Partners' now-withdrawn A$1.30-a-share proposal. Barnard writes in a note to clients that he would not be surprised, based on Platinum's latest update, to find that the hedge-fund sponsor's sales have been lower than normal. Writing before Regal confirmed its proposal was no longer on the table, he notes that November was a bad month for Platinum. Its turnaround strategy is uncertain, long-term and difficult to quantify, he adds. Bell Potter downgrades its recommendation to sell from hold, cutting its target price by 39% to A$0.74. Shares are down 16% at A$0.8825. (stuart.condie@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  December 08, 2024 22:26 ET (03:26 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"}}}