909 replies to this topic

[Sugafoot]

Nearly a million shares traded and it's down some 3,6%...
Waiting for an entry point...

Does anyone know how low it could go? Charts?

[McEdama]

Got out @ 106 from 93.50, not so sure about it reaching 143 anytime soon...

[Safrican]

Been chasing my tail on CML for the last 30 mins ... slow interweb does not help either!

 

 

[HendrikB]

Ah right. Thx

[Godfather]

LDT tom

[HendrikB]

CML struggling again. Has the bear taken over?

[Zero Hedge]

I guess the downside will be that it becomes more susceptible to foreign outflows on SA sentiment.  

VERY true...we all know how fickle the foreign investors can be

[Sugafoot]

Is there a good entry point?
Or is it fair value at 10100?

[gamma]

It most certainly means that CML will now be on the radar of more foreign investors, dedicated EM ETFs and tracker funds...so it is more than fair to expect an increase in flows and trading volume. These flows will/may support the price for a little while longer but I still expect large local holders to use these foreign inflows to lock in profits on their CML holdings.

 

I guess the downside will be that it becomes more susceptible to foreign outflows on SA sentiment.  

[M I D A S]

Well this casts Coronation in a totally new light, I was going to take the money and run at the first smell of profit, instead I have just revised my policy to go for long term.

 

It most certainly means that CML will now be on the radar of more foreign investors, dedicated EM ETFs and tracker funds...so it is more than fair to expect an increase in flows and trading volume. These flows will/may support the price for a little while longer but I still expect large local holders to use these foreign inflows to lock in profits on their CML holdings.

[Zero Hedge]

Does the inclusion in the MSCI EM index mean more foreign exposure and thus a possible increase in volume and price going forward?

It most certainly means that CML will now be on the radar of more foreign investors, dedicated EM ETFs and tracker funds...so it is more than fair to expect an increase in flows and trading volume. These flows will/may support the price for a little while longer but I still expect large local holders to use these foreign inflows to lock in profits on their CML holdings.

[M I D A S]

Aha! I see said the blind man, thanks Zero Hedge

 

Nope had very little to do with dividend stripping. CML was included for first time in the MSCI EM index on Friday which means that foreign ETFs and funds that track this index/use it as benchmark were forced to buy CML on Friday. Most of these funds gave a MOC order hence the large volume that crossed in the closing auction.

[zubairn]

Nope had very little to do with dividend stripping. CML was included for first time in the MSCI EM index on Friday which means that foreign ETFs and funds that track this index/use it as benchmark were forced to buy CML on Friday. Most of these funds gave a MOC order hence the large volume that crossed in the closing auction.

 

Does the inclusion in the MSCI EM index mean more foreign exposure and thus a possible increase in volume and price going forward? 

[Zero Hedge]

The price rise on Friday was attributed to a sudden spike in volume of R 1,994,161,892 compared to the paltry R 130,561,888 of the day before, what's cooking or is this just the div stripping brigade again (ex div 6 June).

Nope had very little to do with dividend stripping. CML was included for first time in the MSCI EM index on Friday which means that foreign ETFs and funds that track this index/use it as benchmark were forced to buy CML on Friday. Most of these funds gave a MOC order hence the large volume that crossed in the closing auction.

[M I D A S]

The price rise on Friday was attributed to a sudden spike in volume of R 1,994,161,892 compared to the paltry R 130,561,888 of the day before, what's cooking or is this just the div stripping brigade again (ex div 6 June).

[orca]

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".

[Zero Hedge]

You are probably right..
I didn't though. I hate selling a share when I back a company long term. Generally I rebalance by adding elsewhere but hasn't had the desired effect in this case.
 
Although I haven't bought a CML share in 3 years the bloody thing has gotten heavier and heavier.

Lucky you...I completely missed out on this one!

[gamma]

100% correct...but if you are smart you sold some on Friday into the MSCI push.

 

You are probably right..

I didn't though. I hate selling a share when I back a company long term. Generally I rebalance by adding elsewhere but hasn't had the desired effect in this case.

 

Although I haven't bought a CML share in 3 years the bloody thing has gotten heavier and heavier.

[Zero Hedge]

My post from a mere 10days ago.
I sincerely hope none of our list members sold at R93...

100% correct...but if you are smart you sold some on Friday into the MSCI push.

[gamma]

My post from a mere 10days ago.
I sincerely hope none of our list members sold at R93...

So exactly as I predicted. Sold off on that statement in the outlook.It's a routine phenomenon and by end of the week the buyers are flooding back. If you wanted to get in on CML then this is your prime time buying opportunity.