Business
What’s lifting the Platinum Asset Management (ASX:PTM) share price today?
The Platinum Asset Management Ltd (ASX: PTM) share price is 2.59% higher to $3.56 per share at the time of writing, following the chair’s address to Platinum’s annual general meeting (AGM) on Friday.
The Platinum share price has experienced downward, whipsaw-like action in recent years, driven by disappointing earnings. Despite the consistent dividend yield from the company, the $3 share price level represents 12-year lows for Platinum.
What was shared at the Platinum AGM?
In today’s AGM address, Platinum chair Michael Cole said, “it has been a somewhat challenging year for Platinum with investment returns for our flagship International Fund overshadowing some strong investment performance in other areas, most notably our…
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