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With CML, I can't afford rent any more so looking at camper vans myself. I had 78% in CML and I planned to sell last Friday. Stoopid me.

I'm just under 7% CML, bought before I got onto my "only but index funds" mantra. But considering my average cost is around R50, and all the big divvies we've been paid from CML I'm not too upset. That said, I really hope they manage to pull in a big chunk of funds going forward with the tax free accounts. Not sure how their products in that category look though.

I feel sorry for PIC members that lost so much with ABIL. To make matters worse, they chucked money at CML to the tune of 10% at R100 ps after that ABIL loss. 
Then Investec came on board at about the same time and bought a hefty lot of CML shares.

So who is wise? I just don't know any more. We have all heard of "clever and stupid" money have we not?

To get to my point. I thought Clever Money was staying out of CML causing it to flatline for months due to this fact:
The Clever Money realised that the HEPS of 67% achieved for the last period was unachievable for this period so they stayed out causing the stagnation. Only the Stupid Money was entering CML.

Now what is the future prospects? Stagnate with Stupid Money until the next set of results that has to beat 100%+ HEPS of the same period. No chance. So even a worse comparison by far. Another correction looming.

Don't take this as Advice as I have been a moron at investing lately and surely PIC and Investec sees value in CML so a part of me still has some faith in her future. Albeit a small part.

A very difficult decision as I want the divie. I can live with another 8% down but that will cancel the divie by far.
Will the Stupid Money drive her up? Not sure but will wait a while but not too concerned as I quad druppled my initial investment with her.

CML SENS 28/4 "As detailed in our prior communications, Coronation is a cyclical business with a revenue stream that is highly geared to both the returns of the market and the level of out performance that it generates in the funds it manages on behalf of its clients. The reduced DHEPS is largely attributable to a decline in the abnormally high level of performance fees generated in the prior comparative six-month period"

Orca if the fund holders pay the fees why are the shareholders affected by this?

Not sure what you actually mean qriffin. Fund holders pay performance fees and this is Coronation's Earnings. Poor fund performance = Poor earnings.

Second half year results are historically poorer than the first due to end of year Management Bonuses that add up to millions.
Thankfully, last year they paid these bonuses with shares held in their trust fund and not in cash equivalent that affects the earnings.
The previous year, they were paid in cash and this reflected badly on earnings causing a correction. Perhaps this time they were paid in cash again.

I will do some research on previous results to see if I can pick up something.

What I can't understand is that with the worlds stock markets breaking previous records, like the Nikkei for example hitting the 20 000 for the first time in 15 years CML should be producing amazing results. Any insight that you could provide would be awesome

Ja - you would think! I think though, they need to out perform the market to get the extra management fees - and that's where they are falling down. Have I got that correct Orca?

They have global UT's but I cannot tell you what percentage of their UT's are in foreign assets.

If she breaks the support at 90 then I will start worrying. A 2 consecutive day under 90 should give her a target to head for the next support at 80.