PTM – Platinum Asset Management

They didn’t include a copy of the application with the prospectus, despite what their website says. Unless you’ve got funds invested with Platinum, you’ve probably got zero chance of getting in on this float now. CommSec kept applications open for only one day, guess it’s been very popular. Will be interesting to see how much CommSec allowed their allocation to be oversubscribed by and how much each of our applications will be reduced by.

Platinum have sent offers to invest in the float to people who have funds invested with them, but won’t make offers to the general public. There’s another small broker involved, but unless you’re a client of theirs already, they’re unlikely to let you make an application.

I don’t think anyone realised this would become subscribed so quickly… guess the best you can hope for is that they won’t start trading at too much of a premium to the subscription price… of course, I hope they skyrocket!

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