I agree 100%, but also note that Bil did hit R300 - in Feb and I bought today at R253. Thus just hanging there while we have a recovery, then I will get back into CML, thus please keep an eye on it during my absence.
Portugal here I come.
I must say that I am rather pleased with my 111% gain the past 12 months of which the first 6 months was only 30%.
- Assets under management of R409 billion- Diluted headline earnings per share of 163.4 cents- Interim dividend per share of 163 centsAssets under management increased by 21% to R409 billion (September 2012: R339 billion), driven by total net inflows of R21.9 billion and rising global markets. Excellent investment performance and a substantially increased asset base led to a 62% increase in revenue to R1 475 million for the six-month period. This resulted in an increase in diluted headline earnings per share of 88% to 163.4 cents (March 2012: 86.7 cents). 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%.Accounting for projected cash requirements, an interim gross dividend of 163 cents per share has been declared, resulting in a net dividend of 138.55 cents per share for shareholders subject to DT.
PE is 19.04http://www.sharechat.co.za/forum/topic/20549-cml/page-8#entry210624