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Thanks Patrick
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664
I think surpassed most peoples expectations ?
Trading statement for the half year ended 31 March 2014
Coronation Fund Managers Limited
(Incorporated in the Republic of South Africa)
(Registration number 1973/009318/06)
ISIN: ZAE000047353
Share code: CML
("Coronation" or “the Company”)
TRADING STATEMENT FOR THE HALF YEAR ENDED 31 MARCH 2014
In terms of the Listings Requirements of the JSE Limited, and further to the
SENS announcement of 9 April 2014, Coronation is pleased to report to
shareholders that earnings per share and headline earnings per share for the
half year ended 31 March 2014 are expected to be between 45% and 65% higher
than those for the prior comparable period. Diluted headline earnings per
share are expected to be between 60% and 80% higher than those for the prior
comparable period.
Coronation’s results for the half year ended 31 March 2014 will be released
on or about 20 May 2014.
Trading statement for the half year ended 31 March 2014
Coronation Fund Managers Limited
(Incorporated in the Republic of South Africa)
(Registration number 1973/009318/06)
ISIN: ZAE000047353
Share code: CML
("Coronation" or “the Company”)
TRADING STATEMENT FOR THE HALF YEAR ENDED 31 MARCH 2014
In terms of the Listings Requirements of the JSE Limited, and further to the
SENS announcement of 9 April 2014, Coronation is pleased to report to
shareholders that earnings per share and headline earnings per share for the
half year ended 31 March 2014 are expected to be between 45% and 65% higher
than those for the prior comparable period. Diluted headline earnings per
share are expected to be between 60% and 80% higher than those for the prior
comparable period.
Coronation’s results for the half year ended 31 March 2014 will be released
on or about 20 May 2014.
665
Shares / Re: Today's Outlook
« on: April 23, 2014, 01:14:18 pm »
In China, a purchasing managers’ index from HSBC Holdings Plc and Markit Economics gave a reading of 48.3 for April, matching the median estimate of economists surveyed by Bloomberg News. A reading below 50 means activity contracted. Markit releases its preliminary survey of U.S. manufacturing in April at 9:45 a.m. New York time. The PMI will rise to 56 from 55.5 in March, according to economists.
A composite index based on a survey of purchasing managers in the euro-area manufacturing and services industries rose to 54 from 53.1 in March, London-based Markit Economics said today. That exceeded the median estimate of 53.0 in a Bloomberg News survey of economists and was the highest in almost three years. A reading above 50 indicates expansion.
A composite index based on a survey of purchasing managers in the euro-area manufacturing and services industries rose to 54 from 53.1 in March, London-based Markit Economics said today. That exceeded the median estimate of 53.0 in a Bloomberg News survey of economists and was the highest in almost three years. A reading above 50 indicates expansion.
669
Jobless claims decreased by 32,000 to 300,000 in the week ended April 5, the lowest since May 2007, a Labor Department report showed today in Washington. The figure was lower than the most optimistic forecast in a Bloomberg survey of 52 economists.
671
Off topic / Is this why Orca is going to Portugal ?
« on: April 05, 2014, 05:14:55 pm »
No text, just pic.
672
Shares / Re: SA Tax free savings account
« on: April 05, 2014, 04:30:13 pm »Not 100% sure I understand. Does it mean we won't get charged tax on the interest of this account, or can we take R30k per year from our income and invest it without paying tax?The former Patrick. The latter would be a miracle. Will be of very little benefit to most of us. Starting at a young age wil heip.
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Shares / Re: Naspers (NPN)
« on: April 04, 2014, 02:24:23 pm »NPN's volatility over the past 3 months has been scary. Looking back over historical charts, it's never been this volitile. Look at all the gaps created over the past 3 months... In the comp (my only share is NPN), I have been in the top 20 one day, then in the bottom 20 the next (currently sitting @ position 244/264, but bought some more today as well....Simply overvalued, hence profit taking.). I also hold a position in my real LT portfolio (c 11%), and fortunatly still well in the green as I bought mid last year. But I'm starting to get the feeling that the price will soon drop below the R1000 mark. What I find weird is that it tends to track the Tencent movement continually, but Tencent is only 30% of NPN's holdings. Is there no faith in the balance of the holdings?
Quote
The value of the Tencent and Mail.ru stakes now equal the market capitalisation of Naspers itself and, for the interims, they contributed 97.3% to core headline earnings. Although this is more of a passing IFRS quirk than a realistic reflection of Naspers’ other interests, it does imply that, if you are happy with the current market valuations of Tencent and Mail.ru, Naspers is a Buy... and competition by the likes of Alibaba... Tencent Sinks Amid Biggest Stock Swings Since 2011