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Author Topic: CML  (Read 204078 times)

Patrick

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Re: CML
« Reply #225 on: May 30, 2014, 02:22:49 pm »
 :TU: That's more like it. It is quite a healthy dividend coming up.
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franz

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Re: CML
« Reply #226 on: May 30, 2014, 03:26:44 pm »
MSCI emerging markets rebalancing, CML added to Index   
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Orca

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Re: CML
« Reply #227 on: May 30, 2014, 05:44:36 pm »
From Bloomberg.

Patric Gutzmer 8 days ago

Yes it's correct to not expect these returns going forward but this company will continue to make returns that exceed the jse indexes. Definitely one to have in the portfolio with a heavy weighting. Look at the last ten years and you will see why. As their tv advertising says " trust is earned".
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Orca

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Re: CML
« Reply #228 on: June 27, 2014, 06:19:44 pm »
Now as I was saying some time back. CML now will now have to prove her worth. She has reached her support on the BB lower plus the 100SMA. If you look on the chart, you will see the bounce a bit further back when she reached these support levels. Next week she should mirror that same reaction or she is spent.
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Orca

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Re: CML
« Reply #229 on: June 30, 2014, 10:10:10 pm »
A bit of a bounce but we will see if it carries on up or just follows the trendline and bottom BB.
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yozzi

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Re: CML
« Reply #230 on: September 04, 2014, 08:48:34 pm »
I see CML has gone through the R100 barrier where do you think it's headed will we see R140+?
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jaDEB

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Re: CML
« Reply #231 on: September 05, 2014, 08:35:13 am »
By when do u think R140?
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jaDEB

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yozzi

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Re: CML
« Reply #232 on: September 05, 2014, 09:58:41 am »
Orca mentioned R140 some time ago but not sure what sort of timeframe?
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Patrick

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Re: CML
« Reply #233 on: September 05, 2014, 09:59:21 am »
They've been earning shareholders for some time now that they expect market returns and also their income to slow in growth. I haven't seen any other announcement by then but I'll Orca is the cml expert so let's see what he says.
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Orca

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Re: CML
« Reply #234 on: September 05, 2014, 02:10:31 pm »
CML's share price is largely dependent on how the markets perform. Here are approximate figures for the Top40 and the Indi over 3 years.
Top40
22% over the past year.
25% ave. pa over 2 years.
26% ave. pa over 3 years.

Indi
25% over the past year.
35% ave. pa over 2 years.
43% ave. pa over 3 years.

As these are average pa figures, the performance this year is rather lower than prior years. This is reflected in CML's results that fell from 102% to 69% (HEPS).
For the 8 months of this year she has gained just under 30% and for the past year she gained 50%. Substantially less than the 130% pa ave. Bear in mind that the market was flat November to end February as was CML. Her spectacular performance of 102% in December did not reflect on the share price due to low market sentiment and the negative comment by the CEO did not help either. The words "Turbulence, lumpy and Not sustainable" come to mind.

The 69% increase in HEPS announced in May sent her slightly down. Now if excellent results do nothing and great results send her slightly down then what will get her to perform as she did 1, 2 and 3 years ago? Those days are in the past and thoughts of a repetition is a dream.

I am quite happy with 30%pa that I'm sure she will do at minimum being the most successful third party fund manager in SA.
The fact that Foord and Investec recently upped their stake to 5% in CML. Not to mention the Goliath of fund managers PIC that added CML to their holdings last week. They now hold 10.2% of CML's shares. This gives me some comfort as they bought close to R100.




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Moonraker

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Re: CML
« Reply #235 on: October 24, 2014, 03:24:44 pm »
Release Date: 24/10/2014 15:00:00      Code(s): CML        Trading statement for the financial year ended 30 September 2014

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

TRADING STATEMENT FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2014

In terms of the Listings Requirements of the JSE Limited, Coronation is
pleased to report to shareholders that earnings per share and headline
earnings per share for the financial year ended 30 September 2014 are
expected to be between 30% (564.2 cents) and 40% (607.6 cents) higher than
those for the prior financial year (F2013: 434 cents).

Diluted headline earnings per share are expected to be between 30% (540.8
cents) and 40% (582.4 cents) higher than those for the prior financial year
(F2013: 416 cents).

Coronation’s results for the year ended 30 September 2014 will be released on
or about 11 November 2014.

The financial information on which this trading statement is based has not
been reviewed or reported on by Coronation’s auditors.

Shareholders are further advised that Coronation’s total Assets Under
Management (AUM) figure as at 30 September 2014 (updated for each calendar
quarter end) will be available on the Investor Relations section of
www.coronation.com within an hour of this release.

Cape Town
24 October 2014
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Patrick

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Re: CML
« Reply #236 on: October 24, 2014, 04:55:34 pm »
 :TU:
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Orca

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Re: CML
« Reply #237 on: October 24, 2014, 05:20:46 pm »
As I stated in my post above. Good news and down she goes.
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Orca

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Re: CML
« Reply #238 on: October 30, 2014, 11:39:25 am »
Sunday Times. CML was the best performing stock over a 5 year term on the JSE for the second consecutive year gaining on average 78% pa.
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yozzi

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Re: CML
« Reply #239 on: November 14, 2014, 12:03:10 pm »
Are we seeing the price rise to over R102 due to buyers getting in to benefit from the expected divi?
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