909 replies to this topic

[Mad Max]

I thought I'd share this bit of information with you CML guys . I just found out last night that STD Bank OST now has CML as a CFD with gearing of 15 times ! No shorting though. This after  I moved my money from them to buy CFDs at Investec and IG in July this year.  Investec gearing for CML  is 6.6 times and IG gearing for CML is 5 times. Thanks STD bank for sharing even though I had sent them an email in June to query why they didn't have CML as a CFD!   Anyway I am moving my money back to them.

 

Use it , lose it...

[gamma]

Told you guys to accumulate on weakness in the 50s and then the 60s.

Now after a few months of slumber...

 

 

Like I said..BOOM!

[Geelstert]

At this tempo, it is possible Orca!   

[orca]

Should this be enough to see it to R95 by year end? It's good enough for me...

I punted 96 but looks more like 106.

[gamma]

put it this way

1st half - 163 cps earned.

2nd half - 217 cps

Total ~416cps which is 110% more than prior year.(198cps)

 

In short...staggering.

 

add to that AUM of 492B over 339B last year is 45%!

 

Means almost 3B is flowing into Coronation every week, 52 weeks a year...

 

I neglected to mention, this puts the PE back under 20 and a PEG of 0.2

[walter10]

put it this way

1st half - 163 cps earned.

2nd half - 217 cps

Total ~416cps which is 110% more than prior year.(198cps)

 

In short...staggering.

 

add to that AUM of 492B over 339B last year is 45%!

 

Means almost 3B is flowing into Coronation every week, 52 weeks a year...

Should this be enough to see it to R95 by year end? It's good enough for me...

[gamma]

Am I getting it wrong. First half year was 88% and full year estimated at 110% so second half was only 22%.

 

put it this way

1st half - 163 cps earned.

2nd half - 217 cps

Total ~416cps which is 110% more than prior year.(198cps)

 

In short...staggering.

 

add to that AUM of 492B over 339B last year is 45%!

 

Means almost 3B is flowing into Coronation every week, 52 weeks a year...

[Mad Max]

Yes, it's comparative period

Coronation is pleased to report to shareholders that for the
half year ended 31 March 2013, earnings per share and headline
earnings per share is expected to be between 80% to 100% higher
than that for the prior comparative period.

Coronation is pleased to report to shareholders that earnings
per share and headline earnings per share for the financial
year ended 30 September 2013 are expected to be between 90%
and 110% higher than those for the prior financial year.

The first half of this year was 80+% up on the first half of last year.

This year is up 90+% on last year.

 

Ergo, the second half of the year was better than the first.

I doubt it. The second half was not as good as the first.

[ptomli]

Am I getting it wrong.

 

Yes, it's comparative period

Coronation is pleased to report to shareholders that for the
half year ended 31 March 2013, earnings per share and headline
earnings per share is expected to be between 80% to 100% higher
than that for the prior comparative period.

Coronation is pleased to report to shareholders that earnings
per share and headline earnings per share for the financial
year ended 30 September 2013 are expected to be between 90%
and 110% higher than those for the prior financial year.

The first half of this year was 80+% up on the first half of last year.

This year is up 90+% on last year.

 

Ergo, the second half of the year was better than the first.

[orca]

Am I getting it wrong. First half year was 88% and full year estimated at 110% so second half was only 22%.

[gamma]

Orca that doesn't make sense..
Why would it tank if 2nd half even better?

[orca]

But first half was 88% and full year around 110%. She might tank now.

[WwN]

Looks like the aum for the end of September 2013 totals R492 billion.

[@sirgrantfleming]

phenomenal stock..

Holy Mother Trucker! Diluted headline
earnings per share are expected to be between 100% and 120% higher than those
for the prior financial year.

[delta66]

 Trading Statement Out...90-110 % 

phenomenal stock..

[Mad Max]

 Trading Statement Out...90-110 %a

Awesome! Watch CML fly now!!!!

[shelddy]

you are probably right on the 40% call though keep in mind they will be reporting against full year earnings 2012 (217cps)

 

Mid year already 178cps so if you x2 = 360cps which is a 65% increase. or a 55% to 75% range if you work off 340-380 cps.

 

 Trading Statement Out...90-110 % 

[gamma]

Considering that 6 months ago they reported around 80% increase, I feel that the market will not be happy with anything less than 40%.

 

you are probably right on the 40% call though keep in mind they will be reporting against full year earnings 2012 (217cps)

 

Mid year already 178cps so if you x2 = 360cps which is a 65% increase. or a 55% to 75% range if you work off 340-380 cps.

[Aragorn]

Thats the problem...that statement they issued 'considerably higher than 20%' is creating a lot of expectation.

 

I dont think the market has a clue but I would guess if above 30% then more upside. If less than 30 then perhaps a pullback

Considering that 6 months ago they reported around 80% increase, I feel that the market will not be happy with anything less than 40%.

[gamma]

Any idea of what the market expects the HEPS etc to be?

 

Thats the problem...that statement they issued 'considerably higher than 20%' is creating a lot of expectation.

 

I dont think the market has a clue but I would guess if above 30% then more upside. If less than 30 then perhaps a pullback

Edited by gamma, 22 October 2013 - 01:57 PM.