Forum Archive Index - September 2003

[Mark Hubbard <mhubbard@es.co.nz>]

I don't know if anybody on this forum follows Platinium Capital Ltd on the 
ASX - this is an excellent fund, but currently trading at almost a 40% 
premium to NTA. Anyway, I've just posted the below to OzeStock and would be 
interested in any responses.

Director Sell Downs.

The latest round of director sell downs in PMC over the last week are far 
larger than normal, for example, Clifford sold from 666078 ordinary shares 
right down to 275847 - that represents 60% of his total shareholding.

I suspect they see the current insanely huge premium as too good to pass up 
... or something we don't know?

Gives me hope a correction back to NTA will occur soon and I'll be able to 
get back in (after bailing out at A$2.18, on what I thought was an 
overlarge premium then!). I've parked myself in TGG in the meantime so as 
not to miss the latest uptrend in world sharemarkets. The latest NTA for 
this fund was A$1.73, but is currently trading at A$2.37.

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