Short “High Conviction” Ideas Revisited
Over the past month, we’ve focused on a handful of short positions. Commonwealth Bank of, Computershare, Perpetual, Platinum Asset Management and IRESS.
We continue to see weakness across these names.
Platinum Asset Management – Short
Platinum Asset Management is under Algo Engine sell conditions and we now add exposure to the short side.
We see downside risks for PTM in the months ahead.
Value Emerging In Local Asset Managers
Investors will be interested to look at the sell-off in the domestic fund managers, such as AMP, BTT, PTM, MFG & PPT.
Within this group, BTT and PTM are the two names which are on our watch-list.
PTM
BTT
Level 29 Chifley Tower
2 Chifley Square
Sydney, NSW 2000
1300 614 002
Investor Signals Pty Ltd
ABN 44 143 555 453
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