Comments on: Platinum Capital – let me count the ways http://clubtroppo.com.au/2008/12/05/platinum-capital-let-me-count-the-ways/ Sun, 12 Feb 2012 03:01:38 +0000 hourly 1 http://wordpress.org/?v=3.3 By: SJ http://clubtroppo.com.au/2008/12/05/platinum-capital-let-me-count-the-ways/#comment-334748 SJ Fri, 05 Dec 2008 09:13:40 +0000 http://clubtroppo.com.au/?p=6603#comment-334748 And by way of disclosure, I should add that I held units in both of these trusts over the period in question, and I'm not associated with Platinum, Colonial or any other financial services company. And by way of disclosure, I should add that I held units in both of these trusts over the period in question, and I’m not associated with Platinum, Colonial or any other financial services company.

]]> By: SJ http://clubtroppo.com.au/2008/12/05/platinum-capital-let-me-count-the-ways/#comment-334747 SJ Fri, 05 Dec 2008 09:08:08 +0000 http://clubtroppo.com.au/?p=6603#comment-334747 They didn't stuff up much on the way down, but they didn't go anywhere on the way up either. The bull run started in March 2003. PIF was at about $1.45, and it's now at about $1.55, and it paid out about $0.80 over that period. Just keeping it simple, assume distributions weren't reinvested, and just held as currency. That's a return of about 9.2%. Colonial First State wholesale Geared Share Fund, by way of comparison, started at about $1.75, and is now at about $1.85. But, it paid out $3.35 over the same period. Using the same assumptions, that's a return of about 22%. As you say, you've got to be in it to win it, and PIF wasn't in it. They didn’t stuff up much on the way down, but they didn’t go anywhere on the way up either.

The bull run started in March 2003. PIF was at about $1.45, and it’s now at about $1.55, and it paid out about $0.80 over that period. Just keeping it simple, assume distributions weren’t reinvested, and just held as currency. That’s a return of about 9.2%.

Colonial First State wholesale Geared Share Fund, by way of comparison, started at about $1.75, and is now at about $1.85. But, it paid out $3.35 over the same period. Using the same assumptions, that’s a return of about 22%.

As you say, you’ve got to be in it to win it, and PIF wasn’t in it.

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