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Author Topic: CML  (Read 204232 times)

Shi

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Re: CML
« Reply #210 on: May 20, 2014, 12:08:34 pm »
Interims out this morning.
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franz

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Re: CML
« Reply #211 on: May 20, 2014, 12:19:25 pm »
Quote from: Patrick on May 20, 2014, 11:45:11 am
Did I miss some news on CML today?

OUTLOOK

The past six months mark yet another exceptional period for the business and for our clients. While equity markets have continued to be

strong, the absolute levels of return are not sustainable and we caution investors to re-set their expectations for the years ahead.

Coronation is a cyclical business and we envisage a difficult investment environment with increased market volatility.


Going forward our focus remains fixed on creating long-term value for all our stakeholders.


I think that's the reason for the down move today
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Orca

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Re: CML
« Reply #212 on: May 20, 2014, 03:52:51 pm »
That statement by Pillay spooked new investors that don't know that every report has that same warning.

CML always drops after after results no matter how good they are. Not as much as today thought but I think

it is due to there being so many more new investors that panic sold to keep their profits.

She is resting on the BB lower now so she should go up from here. Perhaps some overshoot but up, she will go.
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yozzi

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Re: CML
« Reply #213 on: May 21, 2014, 10:56:32 am »
So this must be a good buying opportunity? Just gone below R94 now!
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Patrick

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Re: CML
« Reply #214 on: May 21, 2014, 12:58:38 pm »
I just have to wonder if there isn't more to the price drop...

I'm buying again in a few days. I really hope these levels hold, I'll take some here instead of going for the indi which looks expensive to me right now...

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Orca

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Re: CML
« Reply #215 on: May 21, 2014, 02:30:47 pm »
Seems like most of the stupid money is out now and the clever money is starting to push it up again.
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Patrick

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Re: CML
« Reply #216 on: May 23, 2014, 09:35:47 am »
Daly my money only arrived in the broker account today, so I missed the really low prices but did a few more...
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gcr

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Re: CML
« Reply #217 on: May 23, 2014, 12:44:05 pm »
Quote from: Patrick on May 23, 2014, 09:35:47 am
Daly my money only arrived in the broker account today, so I missed the really low prices but did a few more...
Surely you have an arrangement with your broker that you can transfer funds by EFT and they update your broker account immediately so that you can buy shares within that limit? ;D
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franz

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Re: CML
« Reply #218 on: May 23, 2014, 01:13:28 pm »
Quote from: Patrick on May 23, 2014, 09:35:47 am
Daly my money only arrived in the broker account today, so I missed the really low prices but did a few more...
[/
quote]

I always have funds available in my trading account for opportunities like that and you get a fair interest, around 4+% with BoE.
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Patrick

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Re: CML
« Reply #219 on: May 23, 2014, 04:25:25 pm »
Quote from: gcr on May 23, 2014, 12:44:05 pm
Quote from: Patrick on May 23, 2014, 09:35:47 am
Daly my money only arrived in the broker account today, so I missed the really low prices but did a few more...
Surely you have an arrangement with your broker that you can transfer funds by EFT and they update your broker account immediately so that you can buy shares within that limit? ;D

Haha I wish, somehow I'm not sure I'll convince absa on that idea!
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gcr

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Re: CML
« Reply #220 on: May 23, 2014, 06:22:51 pm »
Quote from: Patrick on May 23, 2014, 04:25:25 pm
Quote from: gcr on May 23, 2014, 12:44:05 pm
Quote from: Patrick on May 23, 2014, 09:35:47 am
Daly my money only arrived in the broker account today, so I missed the really low prices but did a few more...
Surely you have an arrangement with your broker that you can transfer funds by EFT and they update your broker account immediately so that you can buy shares within that limit? ;D

Haha I wish, somehow I'm not sure I'll convince absa on that idea!
If you bank with ABSA and your brokers are ABSA then no problem - you can always send proof of payment and they can act on that immediately - test them out
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Orca

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Re: CML
« Reply #221 on: May 26, 2014, 04:48:12 pm »
I tend to agree with Pillay's statement that there is no more vaue in CML. She will not recover post divi day.
Did some research and the consensus is 12% up and 20% down for the year. The average consensus is - 5%.

There is a silver lining though. Global Emerging Markets have been hit lately and Coronation has pumped billions into these funds. Should they recover, then so would CML. SARS takes a huge portion of their profits but their GEM profits are either not taxed or taxed at a much lower rate. This tax savings will reflect favorably as they continue to pump money into these GEM funds.
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gcr

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Re: CML
« Reply #222 on: May 27, 2014, 08:51:14 am »
I think CML's share price is being hurt due to their extensive holdings in ABIL - reputed to be north of R 127 million but really a small % of their total funds under management
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Orca

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Re: CML
« Reply #223 on: May 27, 2014, 11:15:14 am »
CML has 1.7% in ABIL.
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Orca

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Re: CML
« Reply #224 on: May 30, 2014, 01:52:55 pm »
There she goes. A bit early but sellers were equal to buyers for some days now. Perhaps some institutions are climbing in early for the divi?
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