Author Topic: CML  (Read 200788 times)

Patrick

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Re: CML
« Reply #30 on: May 16, 2013, 09:32:15 am »
My small portion of CML has done rather nicely since I first bought.

If I took Orca's advice when we first connected a long time ago I'd be heading for the beach now ;D

gcr

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Re: CML
« Reply #31 on: May 16, 2013, 09:57:32 am »
I must say I feel a little uneasy with CML at these levels (yup I hold a few thousand) especially in the light of the fact that they have recently changed their top dog Nelson. His 2ic took over the helm and seems a very capable person and has stated that he is not going to change anything dramatically. The latest results could be window dressing in the sense that they are trying to portray that the business is just as good as before the changes. My concern is that maybe that the next set of results may not be as robust and if they are not then CML could take a very big hit as shareholders take profits and sit on the sidelines. Anyway just my opinion and a small concern that I have around these shares even though I am showing a 139% increase in current price versus costs
Not everything that counts, can be counted, and, not everything that can be counted counts - Albert Einstein

jaDEB

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Re: CML
« Reply #32 on: May 16, 2013, 11:33:01 am »
Your Target for CML was R70 or R75 end 2013, what is your revised target now R90?.
jaDEB

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jaDEB

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Re: CML
« Reply #33 on: May 16, 2013, 02:06:36 pm »
Thanks Orca
jaDEB

If it scares you, it's a sign you need to do it

Aragorn

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Re: CML
« Reply #34 on: May 17, 2013, 01:35:13 pm »
MMM.... Was also hoping for a further drop today (looking for the right/nice price to accumulate), but sadly (gladly) she's up by over 3% so far.
Not idly do the leaves of Lorien fall.

tgg78703

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Re: CML
« Reply #35 on: May 17, 2013, 07:32:58 pm »
what does share have to justify its price

Patrick

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Re: CML
« Reply #36 on: May 21, 2013, 12:32:10 pm »
Can someone send in some oxygen. I'm getting a little hypoxic at this altitude  ::)

tgg78703

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Re: CML
« Reply #37 on: May 24, 2013, 07:00:09 pm »
I still need some clarification on this share, so people seem to be of the opinion that if they buy cml, they are buying into a diverse portfolio of shares. But as far as i can see you are only buying shares in a management company that earns a income on funds they manage.

the same as buying shares in a bank, more or less.

So they have no underlying assets only income

"Coronation Fund Managers Ltd. is one of Southern Africa's most successful third-party fund management companies. It is a pure fund management business which offers both individual and institutional investors access to local and global expertise across all asset classes, including specialist Global Emerging Markets, Africa and Private Equity units."

Moonraker

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Re: CML
« Reply #38 on: May 24, 2013, 08:28:15 pm »
Correct. That is why their divi is great. Very little capex.
Now a mid cap, soon a large cap. (eg. market cap of CML = 16,8 billion R, Barloworld = 22 billion R)
Just mentioning for interest's sake, nothing to worry about yet Orca, will be mid cap for a very long time.
(Your dislike for large caps refers).  ;)

tgg78703

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Re: CML
« Reply #39 on: May 25, 2013, 07:21:06 pm »
I would not put my pension money in this share, there seems to be an investment view that by buying cml one is buying into an company that is investing your money into stocks and what not, this is not the case, investing into one of their products that will happen.
By buying cml you are only joining into the management fees they make from their income they receive.

The company has no value, only income, they distribute 

tgg78703

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Re: CML
« Reply #40 on: May 25, 2013, 07:31:15 pm »
they have a nav of 477.9 and trading at 6210 and a pe of 20.6, so their income ratio is ok

tgg78703

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Re: CML
« Reply #41 on: May 26, 2013, 08:56:11 am »
I came across a comment on another website where a guy mentioned that he had sold all his shares and put the money in cml to invest for him

Patrick

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Re: CML
« Reply #42 on: May 26, 2013, 11:06:51 am »
I came across a comment on another website where a guy mentioned that he had sold all his shares and put the money in cml to invest for him

Maybe he was talking about one of the CML unit trusts. The returns have been quite good for the Coronation top 20, 31% over the last 12 months, 80% over 3 years:
http://www.equinox.co.za/unittrusts/funds/funddetails.asp?fundid=16143
« Last Edit: May 26, 2013, 11:13:22 am by Patrick »

tgg78703

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Re: CML
« Reply #43 on: May 26, 2013, 01:21:52 pm »
no was definately cml on jse not one of their unit trusts,

"Sometimes I wonder why all of us bother with this.  buy CML and let the pros do their thing?  just a thought"

or I assumed incorrectly from the statement

Moonraker

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Re: CML
« Reply #44 on: May 27, 2013, 01:50:04 pm »
Coronation has offices in Europe where they sell investments in Africa. They are listed on the stock exchange in Berlin as well. CML Berlin chart is almost a mirror image of ours.
Right you are ! (Wonder why they don't mention the listing on their local web page - maybe I simply can't find it).

http://www.boerse-berlin.com/index.php/Shares?isin=ZAE000047353