909 replies to this topic

[orca]

Geez. Wrote a long post hours ago and now it's gone.

[Barny]

Good volume yesterday, increase in price followed by this news today, makes you wonder doesn't it?

[gamma]

no word from Orca yet? Must be too busy packing his bags for Portugal

[gamma]

slowing a bit. last year was 37% up vs prior. this year 20% but off a larger base. Still very good.

 

Hang on... I made a mistake..

 

Last year's numbers were AUM of 296 so year on year we have an increase of 38%.

 

This from 2012:

 

Reviewed interim results for the six months ended 31 March 2012                
Assets under management of R296 billion                                        
Diluted headline earnings per share of 86.7 cents                              
Interim dividend per share of 95 cents                                         
 

[gamma]

slowing a bit. last year was 37% up vs prior. this year 20% but off a larger base. Still very good.

[franz]

375 bil

[gamma]

AUM up to 409 billion by end of march

Remind me what it was last ?360. Can't see on my BB

[gamma]

AUM up to 409 billion by end of march

Remind me what it was last ?360. Can't see on my BB

[franz]

AUM up to 409 billion by end of march

[gamma]

Hoping for a nice bump in AUM to sustain this run

[gamma]

...And there goes the lights

[gamma]

KABOOOOM!

[franz]

I am for one smiling big time      

[smiley]

TRADING STATEMENT

In terms of the Listings Requirements of the JSE Limited, 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.

If the effect of Secondary Tax on Companies (STC) in the prior comparative
period is ignored, due to the fact that no STC was incurred in the current
period as a result of the implementation of Dividends Tax, the increase is
expected to be between 60% to 80% higher for the half year ended 31 March
2013 than that for the prior comparative period.

Coronation’s interim results for the half year ended 31 March 2013 will be
released on or about 14 May 2013.

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 31 March 2013 (updated for each calendar
quarter end) will be available on the Investor Relations section of
www.coronation.com within an hour of this release.

Jeez, u guys must be smiling 

[delta66]

TRADING STATEMENT

In terms of the Listings Requirements of the JSE Limited, 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.

If the effect of Secondary Tax on Companies (STC) in the prior comparative
period is ignored, due to the fact that no STC was incurred in the current
period as a result of the implementation of Dividends Tax, the increase is
expected to be between 60% to 80% higher for the half year ended 31 March
2013 than that for the prior comparative period.

Coronation’s interim results for the half year ended 31 March 2013 will be
released on or about 14 May 2013.

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 31 March 2013 (updated for each calendar
quarter end) will be available on the Investor Relations section of
www.coronation.com within an hour of this release.

[orca]

Perhaps a short will give you 2% and no more. CML has never given a worthwhile short. It has been the least volatile stock on the JSE.
Sharenet had a hold on it 2 weeks ago so has my brokers. A hold is not a SELL.

[orca]

Peaked this morning at 5317 and then finished the day at 5252. I see sharenet also downgraded it to a hold yesterday... I can see the attractiveness on a short at this level. Hows it looking with your 20DMA Orca?

Perhaps a short will give you 2% and no more. CML has never given a worthwhile short. It has been the least volatile stock on the JSE.
Sharenet had a hold on it 2 weeks ago so has my brokers. A hold is not a SELL.

Edited by Orca, 25 April 2013 - 07:30 PM.

[orca]

She will either go flat for some time to wait for the SMA to catch up or drop back to the SMA. This level is not too high but it does not like it for too long. A correction of 6% at this stage is unlikely due to the demand as she has shown over and over.

End May will show more. I am praying for results to be good. Thing is, how good are the expectations? Are they expecting 30% as I am? If lower than 20% then we into shite.

My move to Portugal will be a dream.

[Barny]

Peaked this morning at 5317 and then finished the day at 5252.  I see sharenet also downgraded it to a hold yesterday... I can see the attractiveness on a short at this level. Hows it looking with your 20DMA Orca?

[orca]

And once more my Brokerage Co. got stopped out for the second time in 7 days on shorts. I haven't looked at it since this morning but hopefully it hasn't gone up.