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CML Bonus Pool Trust still continuing to buy shares in it's own company. Now totalling R250m. They must surely know something. That is a whack of a lot to pay out for management bonuses.

Over the past 7 years that I had been married to CML, I have often been accused of hyping the price up on jaDEB's "dark side" due to my persistence on what a great stock it was. 
If so, Coronation should give me a "Golden Handshake" I think. Perhaps she tanked because I sold now.

Jokes aside. I have just found the next CML and have been researching it for some hours today.
She might have many similarities to CML on a smaller scale but is more diversified and exposed offshore.

Both depend largely on performance fees and AUM but CML more so. Both also had trading statements out at the same time for March end period and CML was due to weaker results and the other for better results. Reason being that this one is a Hedge Fund Manager and can make money in bear markets that CML cannot.

With a PE of 11x and a much lower AUM, she can only grow compared to CML that is saturated by now.

I noticed a very similar pattern with this one that CML had when she was a fledgling. CML never flinched at market downturns for years until now. She was immune to market corrections. With the recent market correction this one actually went up.Perhaps due to her being a Hedge Fund manager and a brokerage.

http://today.moneyweb.co.za/article?id=487734&acid=544awEI2280eZeuwhd4cWQ%3D%3D&adid=4g7MXQEPLhseZeuwhd4cWQ%3D%3D&date=2015-06-29#.VZD0ovlVikp





 


 

Hi Orca, did you do any research on the company CEO, Directors?

Yes I did as that is very crucial when investing LT. Most are highly schooled and experienced in hedge Funds. Plus the fact that they are all ugly and have thick glasses makes me feel more secure. Not flamboyant like Arthur Brown.
http://www.peregrine.co.za/AboutTheGroup/BoardofDirectors

The selloff was overdone and she does look like a buy at these levels but I don't think she will shoot the lights out again.

http://www.moneyweb.co.za/news/companies-and-deals/coronation-has-been-a-better-investment-than-its-unit-trusts/

So Moneyweb agree with me. Don't buy a unit trust, buy the company providing them. Over time they make more money out of your unit trust than you do!

Thought about that. But here is my worry. They make all their money from their fees. Especially from questionable fees like performance fees. This cannot last. Every day people are getting wiser to the rip off that is the fee systems of these companies. This can only lead to two things. One, people continue investing more money in ETFs and less in actively managed funds or, two, these companies will drastically have to decrease the fees they charge. Either way their bottom lines are going to be hit and they are going to be hit hard. So would you still go long on them?

Quote from: Patrick on November 11, 2015, 04:19:39 pm

http://www.moneyweb.co.za/news/companies-and-deals/coronation-has-been-a-better-investment-than-its-unit-trusts/

So Moneyweb agree with me. Don't buy a unit trust, buy the company providing them. Over time they make more money out of your unit trust than you do!

Thought about that. But here is my worry. They make all their money from their fees. Especially from questionable fees like performance fees. This cannot last. Every day people are getting wiser to the rip off that is the fee systems of these companies. This can only lead to two things. One, people continue investing more money in ETFs and less in actively managed funds or, two, these companies will drastically have to decrease the fees they charge. Either way their bottom lines are going to be hit and they are going to be hit hard. So would you still go long on them?

This is why there will be a long slow decline, the amount of people taking control of there own money, in relation to those that are happy to hand it of to someone else in the "hope" that they will
be better at it than themselves, will for a very long time lean towards the latter. For no other reason than laziness and/or a "cannot be bothered" lifestyle.

I get what you all are saying but I think that is slowly changing. The younger generations are very nifty at using the internet and doing things themselves. I think people of my generation will take more control of their savings and investments compared with previous generations just simply because we have more tools available to us.