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Author Topic: CML  (Read 204211 times)

Orca

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Re: CML
« Reply #165 on: December 07, 2013, 05:00:39 pm »
Jobs data. Non Farm Payrolls.
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Orca

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Re: CML
« Reply #166 on: December 18, 2013, 06:08:19 pm »
As CML is by far the biggest stock holding in my portfolio, I have to watch it carefully. She hates to leave a vacuum behind in the form of a Gap. Yesterday she closed at 8120 and today she opened lower and only had a high of 8036. This means that 84c is missing on the upside so she needs to get back to at least 8120 to close this gap.
Fed news allowing, she should do so by Friday. The volume is a bit low so hopefully it will still work.
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Moonraker

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Re: CML
« Reply #167 on: January 16, 2014, 10:03:44 am »
AUM time again. Holding thumbs.

Release Date: 16/01/2014 10:00:00      Code(s): CML        Assets Under Management

Coronation Fund Managers Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1973/009318/06)
ISIN: ZAE000047353
JSE share code: CML
(“Coronation”)

ASSETS UNDER MANAGEMENT

Shareholders are advised that Coronation’s updated figure for
Assets under Management (AUM) as at 31 December 2013 will be
available on the Investor Relations section of
www.coronation.com within an hour of this release.

This is done for each calendar quarter end.

Cape Town
16 January 2014
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Patrick

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Re: CML
« Reply #168 on: January 16, 2014, 10:43:43 am »
Same here, I hold a few of these, the only non ETF I own.
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Moonraker

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Re: CML
« Reply #169 on: January 16, 2014, 11:04:29 am »
For the first quarter (ending 31 December 2013) of the 2014 financial year, assets under management total R522 billion.

(Slowing down somewhat - R492 billion in previous ¼)
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Orca

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Re: CML
« Reply #170 on: January 16, 2014, 11:28:59 am »
New money slowing down but it does not mean that the profits will be less. If the markets go their way equally as well as the same period last year, then the profits will be more. Doubt that the markets will do well though.

Oops. Forgot about the all the xmas bonuses and the Golden Handshake that will be included in the next results.
« Last Edit: January 16, 2014, 11:32:42 am by Orca »
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Orca

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Re: CML
« Reply #171 on: January 21, 2014, 08:00:30 pm »
With those of us that still have CML in our portfolio, here is my technical observation. The BB is narrowing and this means that a breakout either way is imminent. So far after today's good run, it seems to be on the upside. Bounced off the bottom BB and perhaps headed for the top band. Perhaps investors are thinking that good market performance will equate to good Coronation Profits regardless of the smaller increase in AUM. An increase is just that. An increase over and above the last increase.

I included the RSI index as it is in my view an important index. All bounces off the 40 shows that it is still in a bull run. Lower than 40 will put it in a bear mode to 30 support or break it lower.

Take it or leave it. My 2c.




 
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Moonraker

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Re: CML
« Reply #172 on: January 27, 2014, 03:52:11 pm »
Moving strongly against the trend today, Orca.  :) ± 2% up.
Any news out ?
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Orca

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Re: CML
« Reply #173 on: January 27, 2014, 04:11:47 pm »
I thought her days of going up when markets tank are over. Seems not to be so. I posted on the competition thread months ago that people that hold CML will always go up in position when the market tanks and they did on Friday and again today.
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Orca

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Re: CML
« Reply #174 on: January 31, 2014, 05:49:12 pm »
Discussion on channel 410 yesterday. Coronation makes money on performance fees mostly from the retail sector and charged once per year. This fee was was paid to them last month so no matter how the stocks do from now until September 2014, the fees are in their books.
As stocks did well last year, the profits will be great and this will reflect in their report in September. Almost like profits in Arrears.
The analysts only concern seemed to be Managers Performance Bonuses that could erase many millions off the profits. This is not "gravy train" or self enrichment. The large performance bonuses has to be Large for them to keep their fund managers and to keep the company the best Fund Managers in SA.

My view is that 2 years ago, they paid these heavy bonuses out of their profits and the share price plunged. That was the first correction CML had. May/June 2012.
Last year they paid these bonuses from a trust fund that held CML shares and it did not affect the profits at all. Hopefully they have done the same again.   


 
 
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aae

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Re: CML
« Reply #175 on: January 31, 2014, 09:27:42 pm »
I have never bought cml, but am doing ok with  sgl , but then again I did not have a massive loss to recuperate ;)
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Orca

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Re: CML
« Reply #176 on: February 03, 2014, 05:38:50 pm »
 :TU: Over R20m was vested to managers today from the "Coronation Bonus Pool Trust". Mostly to 3 managers. So far so good.
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Moonraker

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Re: CML
« Reply #177 on: February 03, 2014, 06:55:44 pm »
Quote from: Orca on February 03, 2014, 05:38:50 pm
:TU: Over R20m was vested to managers today from the "Coronation Bonus Pool Trust". Mostly to 3 managers. So far so good.
Diligent reporting on CML & MTA.. deserves applaud.
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Orca

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Re: CML
« Reply #178 on: February 03, 2014, 08:54:54 pm »
Thanks Moon. At least I know that one person is reading them.
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Patrick

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Re: CML
« Reply #179 on: February 04, 2014, 07:40:25 am »
Quote from: Orca on February 03, 2014, 05:38:50 pm
:TU: Over R20m was vested to managers today from the "Coronation Bonus Pool Trust". Mostly to 3 managers. So far so good.

Where do I get a job like that  >:D
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