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Platinum Funds Distribution Estimates

Discussion in 'Managed Funds & Index Funds' started by Simon Hampel, 25th Jun, 2007.

  1. Simon Hampel

    Simon Hampel Co-founder Staff Member

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    In case you hadn't already seen it ... Platinum have released their estimates for the annual distribution from their managed funds.

    Platinum Trust Funds - Estimated 30 June 2007 distributions

    ... remember that these are estimates only, and will be affected by any market fluctuations between when they were calculated and the end of the financial year.
     
  2. Here_To_Learn

    Here_To_Learn Well-Known Member

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    Sim, have you got Navra's estimates ? ;)

    Only kidding ...
     
  3. Nigel Ward

    Nigel Ward Team InvestEd

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    I believe it's on track to be a record distribution...but why not ring the office and find out the estimate?

    Cheers
    N.
     
  4. MichaelWhyte

    MichaelWhyte Well-Known Member

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    Last time I spoke to "the office" it was 6c...

    But we're off track.

    Cheers,
    Michael.
     
  5. Here_To_Learn

    Here_To_Learn Well-Known Member

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    OK - I have just an email to 'the office' to see if I can get an answer.

    Michael, I am thinking in %. The 6 cents however sounds low. Assume "we're off track" means fund is doing better ?
     
  6. perky

    perky Well-Known Member

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    28c for Platinum Asia?
    Wow.
     
  7. Simon Hampel

    Simon Hampel Co-founder Staff Member

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    It's almost all capital gains too.

    Don't forget though that 28c is only about 9.5% of the current unit price, and that's for the entire year - Platinum only distributes annually.
     
  8. Here_To_Learn

    Here_To_Learn Well-Known Member

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    OK - 'the office' confirmed it will be between 6 & 8 cents ( ESTIMATE ONLY ).
     
  9. johnnyb

    johnnyb Well-Known Member

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    Yes, some of the distributions look good in absolute terms but in % terms they are pretty lame. I've got units in the International Fund and the return will barely cover interest costs. I reduced my holdings in Platinum about 6 months ago because of their ongoing lack of performance - in hindsight I should have taken all my funds out.

    John.

    P.S. I just lookup up the performance of the international funds that I'm in. The returns for the last year (according to Morningstar) are:
    Platinum International: 5.87%
    EQT Intrinsic Value International: 25.24%
    Vanguard International Shares Index Fund: 25.20%

    Compared to the Morningstar International Equity benchmark of 10.5% the Platinum returns leave a lot to be desired.
     
    Last edited by a moderator: 26th Jun, 2007
  10. MJK

    MJK Well-Known Member

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    Agreed. I exited Platinum Intnl in April as it had only achieved a total of 3.79%growth over 3 quarters. I'm happy to be out of it. :D

    MJK
     
  11. Simon Hampel

    Simon Hampel Co-founder Staff Member

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    Me too :D

    I pulled out of 4 of the Platinum funds I held back in December last year, keeping on Platinum Asia (which has continued to do quite well).

    My calculations put the performance for the financial year at:

    Platinum European: 16.59%
    Platinum International: 5.75%
    Platinum Japan: -10.35% and falling !!!
    Platinum Asia: 31.84%
    Platinum International Brands: 9.63%
     
  12. johnnyb

    johnnyb Well-Known Member

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    Makes you wonder what all the fuss was about with the PTM float :eek:. Past performance is no indication of future performance!! :D
     
  13. Simon Hampel

    Simon Hampel Co-founder Staff Member

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    That works both ways ... the current lack of performance is no indication that they will continue to perform badly - I fully expect to see some of these funds have 50%+ years in the future !!! :D