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CML's modest 0.52% gain masks the real issue: at current valuations, you're pricing in limited growth from their asset management franchise given the persistent rand weakness and offshore outflows from local managers. The spread between their return on equity and cost of capital
CML trading at modest premium to peers despite facing structural margin compression from ETF fee deflation and persistent outflow headwinds. The asset management business generates respectable ROIC but requires top-quartile performance to justify the current multiple, and recent
CML off 1.14% today but the selloff looks overdone given the asset manager's defensive positioning and relatively resilient fee revenue streams through market cycles. At current valuations, I'd be more interested in the underlying AUM resilience and net flows before deciding if t
CML taking a minor knock today at -0.55% but that's just noise given the fund manager's consistent ability to navigate healthcare allocations through medical scheme rebalancing cycles.
CML at R4599 is down 1.35% today but the real question is whether their fund management franchise can outrun the margin compression everyone's facing—SA's wealth management pie isn't growing fast enough to absorb fee pressure and market volatility impacts combined.
CML at R4632 is down 0.81% today but the asset management space is consolidating around fewer, stronger players—Coronation's got the track record and client stickiness to weather this. Long-term, they benefit from SA's wealth creation if the economy finally gets its act together,
CML at R4596 down 1% - decent entry if you believe their wealth management fees hold up. Question is whether rising rates actually help AUM growth or just inflate valuations.
CML up 5.76% today but that 2.8% yield isn't compensating for the asset management fee pressure. Where's the net flows growth story?