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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

Thanks Orca

what does share have to justify its price

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."

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 

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

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