17 replies to this topic

[Queen B]

Pondering whether to re-enter with the price in the 50's now

[orca]

She has been in a bear mode for months  and the markets have been negative. This plus the fact that they had an outflow of foreign Assets Under Management to the tune of c. R1B at the last count will cause another correction in November.

This will be the second consecutive weaker reports so if the market recovers, you would have to wait for next July for her up run.

She may start edging up post November if the markets revive and investors will expect good results to follow.

 

I think PGR will be the next CML as they can make money for clients in a down market and are more diversified than CML. Their HEPS was c. 40% with their last results in a market that was down by 2%.

Just my 10 cent.

 

 

 

[Queen B]

Orca, what price point do you think will be a good time to re-enter?

Obviously results still need to be released etc.....

But what price do you think CML is really worth?

[orca]

Make sure you do so soon as her next results will be out soon and she will not beat her previous results. This may drop her to the 60's if not to the 50's.

 

[Queen B]

TIme to bid my dearly beloved CML goodbye. That cliff that was spoken about earlier is looking steeper and steeper. Will cash in and re-look again in a couple months.

Will miss the dividend, but there are better options out there

So farewell CML. Until we meet again

[Queen B]

Anyone else holding ANCHOR (ACG)?

Today's SENS dropping the price accordingly, but this is one I have huge confidence in for the next 5 years

ANNOUNCEMENT REGARDING AN INTENTION TO ISSUE SHARES FOR CASH UNDER THE COMPANY’S
GENERAL AUTHORITY

Shareholders are referred to the announcement of the interim results for the six months ended 30
June 2015 published on SENS on 6 August 2015. This included a detailed cautionary announcement
regarding the acquisition of an interest in a business in the asset management industry.
Shareholders are advised that Anchor is also in negotiations with a number of parties with regard to
certain key acquisitions which comprise less than 10% of the Company’s current market
capitalisation. Certain of these acquisitions will result in the Company paying a portion of the
acquisition price in cash.

The Board of directors of Anchor Group (“the Board”) wishes to ensure that it has sufficient cash
reserves to conclude its predetermined acquisition strategy as well as ensuring that it is well
positioned to grow its underlying operations and funds under management into the future.

In anticipation of these negotiations being concluded successfully, the Board has authorised the
issue of shares under the Company’s general authority to issue shares for cash, at up to a 10%
discount to the 30 day Volume-Weighted Average Price (“VWAP”) as traded on the Johannesburg
Stock Exchange. The 30 day VWAP as at the close of business on Thursday, 6 August 2015 is 1193
cents per ordinary share. The share placing will be conducted by way of a book build, with a
minimum of R500 000 per application, at a minimum placing price of 1100 cents.

The book build will be offered to qualifying investors only through a book build process and does not
constitute, nor is intended to constitute, an offer to the public to purchase or subscribe for any
shares. A presentation containing more detail on the book build (including pricing) is available on
the Presentations page of our website at www.anchorgroup.co.za.

The book build will open with immediate effect and is expected to close by 17h00 on Wednesday,
19 August 2015. The company reserves the right to close the book earlier than this time. Pricing and
allocations will be announced as soon as practicable following the closing of the book.

 

[jacani]

Perhaps start a Sygnia thread so it doesn't get lost in the Coronation thread?

[Safrican]

Solid company. Depends at what price they list

Sub R10 I believe.

[longterm413]

Any thoughts on the Sygnia listing in mid October?

Solid company. Depends at what price they list

[Safrican]

Any thoughts on the Sygnia listing in mid October?

[MrDividend]

What is your advise guys? Dump and run or is there still and over R100 prospect?

 

I am keeping mine - happy with the long term company prospects, the management team and the sector. P/e is under 14. Should still pay a decent dividend. I do though, have 10% of my portfolio in them which was stupid and will sell a few in the future and if dividend falls dramatically will have to think very hard about keeping them.

[orca]

CML was my only stock for 5 years and I bade her farewell at 8740. She did me well as I am now in early retirement thanks to her. I am now more conservatively invested in DIVTRX and some PGR for the alpha. 

[orca]

Her spectacular gains are history and I would switch to PGR. The market has been flat and there is no way she can beat the 40% odd gain in HEPS she needs to beat come end September. These results will drop her into the 60's. The clever money realizes this and has been exiting for some time hence the bear run she is in. Holding medium to long term (2 to 5 years) you will be fine though.

My post below still applies.

 

Edit. I see you are already in PGR.

Edited by 89086, 14 August 2015 - 10:00 AM.

[Queen B]

What is your advise guys? Dump and run or is there still and over R100 prospect?

[Queen B]

A dirty sinking ship is CML. Crashed and burned. Sad

I should have bailed when it was R115.00 a share. I would have been happy.

But I have since got into Peregrine and Anchor. My next CML's

Just deciding whether to dump CML once and for all or wait it out

[PickApprentice]

Overweight in resource sector also doesn't help the cause. 

[orca]

If the markets do badly then so will Coronation as they depend on performance fees and growing AUM. The next set of results will be for period ending 31 Sept. and the markets have been negative so far. 

They had a net outflow of AUM to the tune of R1b for this period.

This is bad news to my mind.

 

[Abacus]

Coronation falling off a cliff...bit of an over reaction one feels.

 

Thoughts?