Platinum Asset Management

Annual profit results for Platinum Asset Management are pretty easy to forecast. Simply multiply the average revenue margin by the average funds under management, deduct the company’s costs, and you get your profit before tax. In Platinum lashed by dismal market on 14 Feb 12 (Hold – $3.65) we used this method to determine that Platinum would produce a 2012 net profit of around $128m. Yesterday Platinum announced that its 2012 profit before tax would be between $176m and $182m, (equivalent to approximately $123m to $127m after tax). So our forecast was accurate enough, with the difference being that funds...

Annual profit results for Platinum Asset Management are pretty easy to forecast. Simply multiply the average revenue margin by the average funds under management, deduct the company’s costs, and you get your profit before tax. In Platinum lashed by dismal market on 14 Feb 12 (Hold – $3.65) we used this method to determine that Platinum would produce a 2012 net profit of around $128m.

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