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Author Topic: CML  (Read 286170 times)

Moonraker

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Re: CML
« Reply #135 on: October 25, 2013, 01:19:46 pm »
For the fourth quarter (ending September) of the 2013 financial year, assets under management total R492 billion.
(Up from R409 billion in quarter ended March 2013).

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Orca

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Re: CML
« Reply #136 on: October 25, 2013, 01:31:48 pm »
Can someone please tell me I'm wrong with the 20% second half earnings. Surely I must be if you look at the massive increase in AUM. Then again, that increase might have happened mostly in the first half.
« Last Edit: October 25, 2013, 01:33:26 pm by Orca »
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Orca

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Re: CML
« Reply #137 on: October 25, 2013, 01:53:33 pm »
You are wrong Orca.  :frustrated:

It is comparative periods. First half was up 88% compared to the previous first half year.
The full year was up by 110% compared to the previous full year.
So we should see my R96.00 per share this year.
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Moonraker

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Re: CML
« Reply #138 on: October 25, 2013, 01:58:47 pm »
Quote from: Orca on October 25, 2013, 01:31:48 pm
Can someone please tell me I'm wrong with the 20% second half earnings. Surely I must be if you look at the massive increase in AUM. Then again, that increase might have happened mostly in the first half.
Yup, I think you are right. Maybe diluted earnings for the 2nd half look slightly better if one takes into account this statement from the 1st half results:
Quote
If the effect of Secondary Tax on Companies (STC) in the comparative period is removed, as a result of the introduction of Dividends
Tax (DT), the increase in diluted headline earnings per share is 72%.
If you use the 72% figure (instead of the 88% figure), things look a little better.
AUM was up by just over 20% from the Q. ended March 2013, which in turn was up also by about 20% from the preceding quarter.

So, what's your take Orca ?
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Moonraker

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Re: CML
« Reply #139 on: October 25, 2013, 02:02:39 pm »
Hah, you are wrong Moonraker. Was fun while it lasted.  :D
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yozzi

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Re: CML
« Reply #140 on: November 06, 2013, 09:45:30 am »
Do you think CML will get to the century mark or fall short in the nervous 90's?

Will we see a lot of sellers IF it gets over R90?
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Orca

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Re: CML
« Reply #141 on: November 06, 2013, 09:53:05 am »
Look at it this way. CML made massive profits as the SENS showed and the results will be out on the 12'th to confirm this that we already know.
Nothing bar a market crash will stop her reaching 97 by year end even with the market correction due. By May next year she should be hitting the 145 mark.The May results might be a problem though as she cannot beat 100% EPS again. What happens thereafter is anyone's guess.
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Nios

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Re: CML
« Reply #142 on: November 06, 2013, 02:05:52 pm »
@Orca, what triggered you into buying CML at the start?

Do you invest in it purely on technicals or do you use the fundamentals too?

Are you constantly adding to your position?

I guess if the fundamentals aren't sound enough hitting that 145 mark might be a challenge.

What is your stop loss set to? and are you using higher highs?

Surely when it starts turning you'll be stopped out. If you made a massive gain on it over time, you should be safe...Not like it could drop 10% or more in 1 day?
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Orca

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Re: CML
« Reply #143 on: November 06, 2013, 02:55:15 pm »
Quote from: Nios on November 06, 2013, 02:05:52 pm
@Orca, what triggered you into buying CML at the start?

Do you invest in it purely on technicals or do you use the fundamentals too?

Are you constantly adding to your position?

I guess if the fundamentals aren't sound enough hitting that 145 mark might be a challenge.

What is your stop loss set to? and are you using higher highs?

Surely when it starts turning you'll be stopped out. If you made a massive gain on it over time, you should be safe...Not like it could drop 10% or more in 1 day?

I'm not trading it. It is a long term investment so no stop loss.
Was looking for a good steady gainer to make back my 45% loss in a Managed Account during the crash. I also needed to find stocks with the smallest draw downs for withdrawals when I retire. Took me weeks to go through dozens of charts and made a shortlist with stars for best looking charts. CML got the most stars.
Then read all the SENS and news. Checked their websites and gave them stars. CML got the most stars.
Then chucked all my money at her.

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cknt

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Re: CML
« Reply #144 on: November 12, 2013, 08:30:37 am »
Orca, PLEASE can we have your opinion on today's financial results, and CML's possible future action? I know you're a specialist on this share!  :)
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Orca

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Re: CML
« Reply #145 on: November 12, 2013, 10:09:08 am »
Spectacular results not to be repeated easily. The CEO did say that the high earnings was the result of the market being at a cyclical high.
She should perform well until May when the next results come out. What happens then if the earnings are less is anyone's guess. I will be watching the ALSI's performance until then. If the ALSI performs well, then so will Coronation.
CML has evolved into a trading stock and has become somewhat more volatile over the past months as traders get spooked rather quickly and overly so. This will cause an overreaction if results are not as good as expected.
Nevertheless, the fund managers will continue to beat their indexes and keep attracting institutional funds but this may be a problem. The higher their AUM gets, the more difficult it will be to buy the less liquid mid caps and will be forced to change to the lower performing large caps. That may mean the end of the 140% pa she has been doing lately.
I still believe she is a long term hold but will revert back to her 65% pa gains at best.
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cknt

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Re: CML
« Reply #146 on: November 12, 2013, 10:15:38 am »
Thank you Orca. I'll keep in bottom drawer; more than happy with 65%  8)
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Nios

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Re: CML
« Reply #147 on: November 12, 2013, 06:26:04 pm »
Review of cml on 702 now
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Orca

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Re: CML
« Reply #148 on: November 12, 2013, 06:46:20 pm »
Quote from: Nios on November 12, 2013, 06:26:04 pm
Review of cml on 702 now

Geez. Missed that. Give us a run down on it please.
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jaDEB

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Re: CML
« Reply #149 on: November 13, 2013, 08:21:38 am »
Yes, they also had it on Classic FM last night. But sorry Orca I did not hear the interview, had battlefield 4 calling.
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jaDEB

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