Planet Platinum
Stock Code
Stock Exchange
Planet Platinum (PPN) operates on property ownership and adult entertainment. The company owns the Daily Planet property in Elsternwick, Melbourne. The property is leased for 50 years to Daily Planet, a brothel operator. PPN is not involved in the brothel operation, generating only rental income from the property. PPN has also purchased 'ShowGirls Bar 20', and its looking to diversify into escort operations.
Examine the old dividends for Planet Platinum. The dividend a corporation pays is the amount of money, normally a portion of the profits, a board of directors distributes to the ordinary shareholders of the corporation. If Planet Platinum Limited has released a dividend, you may be eligible to receive PPN dividends if the share trader the company's stock on the ex-dividend date. In order to receive the dividend payout, investors must purchase the stock before the ex dividend date.
Planet Platinum (PPN) has their share price steadily around 15 cents. They claim their industry Group as simply "Consumer services". You may have heard about them when they first floated on the Australian Stock Exchange in 2003. They were in the news quite a bit because of their business mainstay: bordellos and classy strip joints. I think the thought of their business actually made me think that their business would be successful: since of course, that industry is perhaps the oldest industry in the world. Would I invest in it? No. I don't think it is an ethical investment for me. And secondly, the stock doesn't seem to have any trend in price and come to think of it, there is no prospect for growth (well hopefully there isn't or else society is in deep trouble), unless their business buys out other locations.
Their website cheekily claimed:
For those of you that have already had the pleasure of meeting our interactive tour guide Bailey on the Showgirls Bar 20 website you will be delighted to know that you can have her for your very own!
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