New Risk • Jun 06
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 38% Last year net profit margin: 55% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 94% Paying a dividend despite having no free cash flows. High level of non-cash earnings (113% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (38% net profit margin). Declared Dividend • May 29
First half dividend increased to R2.03 Dividend of R2.03 is 1.5% higher than last year. Ex-date: 10th June 2026 Payment date: 15th June 2026 Dividend yield will be 11%, which is higher than the industry average of 6.0%. Sustainability & Growth Dividend is not adequately covered by earnings (93% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 3.5% to bring the payout ratio under control. EPS is expected to grow by 8.2% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. New Risk • May 27
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 113% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 93% Paying a dividend despite having no free cash flows. High level of non-cash earnings (113% accrual ratio). Announcement • Feb 17
Coronation Fund Managers Limited Elects Members of SET Committee Coronation Fund Managers Limited approved the elections of Mrs. Lea Conrad, Mrs. Madichaba Nhlumayo and Mr. Phakamani Hadebe as members of SET committee at the annual general meeting on 17 February 2026. Announcement • Dec 23
Coronation Fund Managers Limited, Annual General Meeting, Feb 17, 2026 Coronation Fund Managers Limited, Annual General Meeting, Feb 17, 2026. Declared Dividend • Nov 20
Final dividend of R2.54 announced Shareholders will receive a dividend of R2.54. Ex-date: 3rd December 2025 Payment date: 8th December 2025 Dividend yield will be 9.4%, which is higher than the industry average of 6.0%. Sustainability & Growth Dividend is covered by earnings (57% earnings payout ratio) but not covered by cash flows (dividend approximately 12x free cash flows). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 14% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • Nov 19
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 139% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (139% accrual ratio). Minor Risks Dividend is not well covered by cash flows (dividend per share is over 12x cash flows per share). Profit margins are more than 30% lower than last year (39% net profit margin). Reported Earnings • Nov 19
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: R4.74 (down from R6.31 in FY 2024). Revenue: R4.35b (up 11% from FY 2024). Net income: R1.68b (down 24% from FY 2024). Profit margin: 39% (down from 56% in FY 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) exceeded analyst estimates by 1.3%. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Capital Markets industry in Africa. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Announcement • Oct 21
Coronation Fund Managers Limited to Report Fiscal Year 2025 Results on Nov 18, 2025 Coronation Fund Managers Limited announced that they will report fiscal year 2025 results at 12:00 PM, South Africa Standard Time on Nov 18, 2025 Board Change • Oct 09
High number of new directors Independent Non-Executive Director Cindy Robertson was the last director to join the board, commencing their role in 2025. Announcement • Jun 20
Mary-Anne Will Step Down from Her Role as Financial Director of Coronation Fund Managers Limited, Effective 30 June 2025 Coronation Fund Managers Limited announced the Mary-Anne will step down from her role as Financial Director effective 30 June 2025. Mary-Anne will remain with the Company for the duration of her notice period to facilitate a structured transition and handover of the finance function. The Board of Directors will advise shareholders on the appointment of a Financial Director in due course. Reported Earnings • Jun 02
First half 2025 earnings released: EPS: R2.05 (vs R2.00 in 1H 2024) First half 2025 results: EPS: R2.05 (up from R2.00 in 1H 2024). Revenue: R2.04b (up 7.6% from 1H 2024). Net income: R717.0m (up 2.3% from 1H 2024). Profit margin: 35% (down from 37% in 1H 2024). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Declared Dividend • May 29
Dividend of R2.00 announced Shareholders will receive a dividend of R2.00. Ex-date: 11th June 2025 Payment date: 17th June 2025 Dividend yield will be 15%, which is higher than the industry average of 6.0%. Sustainability & Growth Dividend is covered by both earnings (65% earnings payout ratio) and cash flows (44% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 10% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • May 27
Coronation Fund Managers Limited Announces Final Gross Dividend for the Six Months Period Ended 31 March 2025 , Payable on 17 June 2025 Coronation Fund Managers Limited announced that as per their policy, they endeavour to distribute a minimum of 75% of after-tax cash profit. A final gross dividend of 200.0 cents per share has been declared for the six months ended 31 March 2025 from income reserves, resulting in a net dividend of 160.0 cents per share for shareholders subject to Dividends Tax. In compliance with the Listings Requirements of the JSE Ltd, the following dates are applicable: Declaration date: 27 May 2025. Last day to trade cum dividend: 10 June 2025. Trading ex-dividend commences: 11 June 2025. Record date: 13 June 2025. Payment date: 17 June 2025. Buy Or Sell Opportunity • Apr 08
Now 22% overvalued Over the last 90 days, the stock has fallen 8.5% to R35.06. The fair value is estimated to be R28.74, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.6% over the last 3 years, while earnings per share has been flat. Buy Or Sell Opportunity • Feb 04
Now 21% overvalued Over the last 90 days, the stock has fallen 7.3% to R36.70. The fair value is estimated to be R30.30, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.6% over the last 3 years, while earnings per share has been flat. Announcement • Jan 29
Coronation Fund Managers Limited Announces Independent Non-Executive Chairperson Changes Coronation Fund Managers Limited announced Board of Directors, Professor Alexandra Watson, will be retiring from the Board with effect from 30 September 2025. The Board further advises shareholders that Mr. Sakhiwd Ntombela ("Saks") will be appointed as the independent non-executive Chairperson with effect from 1 October 2025. Saks was appointed to the Board on 19 October 2020 and as the lead independent director on 10 August 2021. He also serves as the Chairperson of the Risk Committee and is a member of the Audit and Remuneration and Nominations committees. Saks managed the life and investments cluster at Hollard Insurance prior to being appointed as Group CEO from 2017 until 2022. He also held various executive positions in the banking industry before joining Hollard Insurance. He has a Bachelor of Science degree in Mechanical Engineering from the University of Natal, is a graduate of the University of Cape Town's Graduate School of Business, and completed the Advanced Management Program at the Harvard Business School in Boston. Buy Or Sell Opportunity • Jan 15
Now 22% overvalued Over the last 90 days, the stock has fallen 5.7% to R37.28. The fair value is estimated to be R30.52, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.6% over the last 3 years, while earnings per share has been flat. Announcement • Dec 24
Coronation Fund Managers Limited, Annual General Meeting, Feb 18, 2025 Coronation Fund Managers Limited, Annual General Meeting, Feb 18, 2025. New Risk • Dec 15
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 126% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 1.3% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Shareholders have been diluted in the past year (11% increase in shares outstanding). New Risk • Dec 04
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 11% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 1.3% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (11% increase in shares outstanding). Declared Dividend • Nov 21
Dividend of R2.28 announced Shareholders will receive a dividend of R2.28. Ex-date: 4th December 2024 Payment date: 9th December 2024 Dividend yield will be 14%, which is higher than the industry average of 6.0%. Sustainability & Growth Dividend is not adequately covered by earnings (92% earnings payout ratio). However, it is well covered by cash flows (31% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 2.4% to bring the payout ratio under control, which is less than the 13% EPS growth achieved over the last 5 years. Reported Earnings • Nov 20
Full year 2024 earnings released: EPS: R6.31 (vs R1.83 in FY 2023) Full year 2024 results: EPS: R6.31 (up from R1.83 in FY 2023). Revenue: R4.21b (up 15% from FY 2023). Net income: R2.21b (up 244% from FY 2023). Profit margin: 52% (up from 18% in FY 2023). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Announcement • Oct 29
Coronation Fund Managers Limited to Report Q4, 2024 Results on Nov 19, 2024 Coronation Fund Managers Limited announced that they will report Q4, 2024 results on Nov 19, 2024 Upcoming Dividend • Sep 04
Upcoming dividend of R1.53 per share Eligible shareholders must have bought the stock before 11 September 2024. Payment date: 16 September 2024. Payout ratio is on the higher end at 92%, however this is supported by cash flows. Trailing yield: 9.6%. Within top quartile of South African dividend payers (7.9%). Higher than average of industry peers (5.9%). Upcoming Dividend • Jun 05
Upcoming dividend of R1.85 per share Eligible shareholders must have bought the stock before 12 June 2024. Payment date: 18 June 2024. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 4.7%. Lower than top quartile of South African dividend payers (8.8%). Lower than average of industry peers (6.0%). Announcement • Apr 27
Coronation Fund Managers Limited to Report Q2, 2024 Final Results on May 21, 2024 Coronation Fund Managers Limited announced that they will report Q2, 2024 final results on May 21, 2024 Announcement • Mar 12
Coronation Fund Managers Limited Appoints Alethea (Lea) Conrad as Member and Chair of the Committee The board of directors of Coronation Fund Managers Limited advised shareholders of the following change to the Social, Ethics and Transformation Committee ("the Committee"): Ms Alethea (Lea) Conrad has been appointed as member and chair of the Committee, effective 8 March 2024. Announcement • Dec 21
Coronation Fund Managers Limited, Annual General Meeting, Feb 20, 2024 Coronation Fund Managers Limited, Annual General Meeting, Feb 20, 2024. Agenda: To consider board changes. Announcement • Dec 20
Coronation Fund Managers Limited Announces Board Changes Coronation Fund Managers Limited announced that Ms. Alethea Conrad has been appointed as an independent non-executive director of the company with effect from 22 December 2023. Lea has a BA LLB and is an admitted attorney and has completed the Management Advancement Program from the Graduate School of Business at Wits University as well as the International Executive Development Program from the Graduate School of Business, University of Witwatersrand and the London Business School. Lea is the Managing Director of Conrad Advisory. She is an independent non-executive director of YeboYethu RF Limited and Mpact Limited. She is also the independent Chairperson of the Afrimat BEE Trust and Chairperson of the Mpact Foundation Trust. She served as an executive director of the Oceana Group Limited from 2007 to 2016. During her 16-year tenure at the Oceana Group, Lea held executive management positions and also served as a director on the boards of various subsidiaries and as Chairperson of the Oceana Empowerment Trust. She was formerly an independent non-executive director of UNISA Enterprises and the Chairperson of the Board of African Phoenix Investments Limited. RETIREMENT OF NON-EXECUTIVE DIRECTOR: In accordance with paragraph 3.59(b) of the JSE Listings Requirements, the Board advised shareholders that Ms. Judith February will be retiring from the Board at the Annual General Meeting scheduled to take place on 20 February 2024. Ms. Judith February is scheduled to retire by rotation as a non-executive director of the Company at the AGM and has not made herself available for re-election. Judith has served as an independent non-executive director for 15 years. She was instrumental in setting the direction for the social, ethics and transformation committee and served as its chair from the committee's inception. New Risk • Dec 08
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 154% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 7.4% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (90% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (18% net profit margin). Upcoming Dividend • Nov 29
Upcoming dividend of R1.65 per share at 5.2% yield Eligible shareholders must have bought the stock before 06 December 2023. Payment date: 11 December 2023. Payout ratio and cash payout ratio are on the higher end at 90% and 76% respectively. Trailing yield: 5.2%. Lower than top quartile of South African dividend payers (9.0%). Lower than average of industry peers (6.0%). Reported Earnings • Nov 22
Full year 2023 earnings released: EPS: R1.83 (vs R3.66 in FY 2022) Full year 2023 results: EPS: R1.83 (down from R3.66 in FY 2022). Revenue: R3.72b (flat on FY 2022). Net income: R640.0m (down 50% from FY 2022). Profit margin: 17% (down from 34% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Announcement • Nov 21
Coronation Fund Managers Limited Declares Final Gross Dividend in Respect of the Year Ended 30 September 2023, Payment on 11 December 2023 Coronation Fund Managers Limited declared a final gross dividend of 165 cents (2022: 172 cents) per share from income reserves in respect of the year ended 30 September 2023. The dividend amount, net of South African dividend tax of 20%, is 132.0 cents (2022: 137.6 cents) per share for those shareholders who are not exempt from dividend tax. Record date is 8 December 2023. Trading ex-dividend commences on 6 December 2023. Payment date is 11 December 2023. Board Change • Nov 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 5 highly experienced directors. Lead Independent Non Executive Director Saks Ntombela was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Oct 21
Coronation Fund Managers Limited to Report Fiscal Year 2023 Results on Nov 21, 2023 Coronation Fund Managers Limited announced that they will report fiscal year 2023 results on Nov 21, 2023 Buying Opportunity • Oct 18
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 4.9%. The fair value is estimated to be R38.92, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 11%. Buying Opportunity • Sep 26
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 2.2%. The fair value is estimated to be R38.80, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 11%. Announcement • Aug 30
Coronation Fund Managers Limited Announces Change to Board Committee Coronation Fund Managers Limited announced f the following changes to the Remuneration Committee: Mr. Saks Ntombela has been appointed as a member of the Committee effective 1 September 2023. Mr. Hugo Nelson has tendered his resignation as Chairman of the Committee effective 1 January 2024. Mr. Nelson will remain a member of the Committee. The Board extends its appreciation to him for his noteworthy contribution as chairman. Following Mr. Nelson's resignation, the Board has appointed Mr. Neil Brown as Chairman of the Remuneration Committee as from the Effective Date. Reported Earnings • May 24
First half 2023 earnings released: EPS: R0.062 (vs R1.99 in 1H 2022) First half 2023 results: EPS: R0.062 (down from R1.99 in 1H 2022). Revenue: R1.84b (down 5.1% from 1H 2022). Net income: R22.0m (down 97% from 1H 2022). Profit margin: 1.2% (down from 36% in 1H 2022). Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 8% per year. Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to R31.80, the stock trades at a trailing P/E ratio of 8.7x. Average trailing P/E is 9x in the Capital Markets industry in South Africa. Total loss to shareholders of 1.2% over the past three years. Upcoming Dividend • Nov 30
Upcoming dividend of R1.72 per share Eligible shareholders must have bought the stock before 07 December 2022. Payment date: 12 December 2022. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 11%. Within top quartile of South African dividend payers (8.6%). Higher than average of industry peers (5.7%). Reported Earnings • Nov 23
Full year 2022 earnings released: EPS: R3.66 (vs R4.88 in FY 2021) Full year 2022 results: EPS: R3.66 (down from R4.88 in FY 2021). Revenue: R3.73b (down 14% from FY 2021). Net income: R1.28b (down 25% from FY 2021). Profit margin: 34% (down from 40% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Announcement • Oct 21
Coronation Fund Managers Limited to Report Q4, 2022 Results on Nov 22, 2022 Coronation Fund Managers Limited announced that they will report Q4, 2022 results on Nov 22, 2022 Announcement • Sep 19
Coronation Fund Managers Limited(JSE:CML) dropped from FTSE All-World Index (USD) Coronation Fund Managers Limited(JSE:CML) dropped from FTSE All-World Index (USD) Upcoming Dividend • Jun 01
Upcoming dividend of R2.14 per share Eligible shareholders must have bought the stock before 08 June 2022. Payment date: 13 June 2022. The company is paying out more than 100% of its profits and is paying out 92% of its cash flow. Trailing yield: 12%. Within top quartile of South African dividend payers (7.9%). Higher than average of industry peers (6.1%). Announcement • May 25
Coronation Fund Managers Limited Declares Interim Gross Dividend for the Period Ended 31 March 2022, Payable on June 13, 2022 The directors of Coronation Fund Managers Limited resolved to declare an interim gross dividend of 214.0 cents (March 2021: 244.0 cents) per share from income reserves for the period ended 31 March 2022. Trading ex-dividend commences is 8 June 2022. Record date is 10 June 2022. Payment date is 13 June 2022. Reported Earnings • May 25
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down R895.0m from profit in 1H 2021). Profit margin: (down from 41% in 1H 2021). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Buying Opportunity • May 05
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 20%. The fair value is estimated to be R49.84, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.4% over the last 3 years. Earnings per share has grown by 9.3%. Upcoming Dividend • Dec 01
Upcoming dividend of R2.26 per share Eligible shareholders must have bought the stock before 08 December 2021. Payment date: 13 December 2021. Trailing yield: 8.6%. Within top quartile of South African dividend payers (7.6%). Higher than average of industry peers (5.7%). Reported Earnings • Nov 24
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: R4.88 (up from R3.99 in FY 2020). Revenue: R4.31b (up 18% from FY 2020). Net income: R1.71b (up 23% from FY 2020). Profit margin: 40% (up from 38% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 6% per year. Board Change • Sep 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Lead Independent Non Executive Director Saks Ntombela was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Executive Departure • Jul 15
Independent Non-Executive Chairman Saamsoodein Pather has left the company On the 5th of July, Saamsoodein Pather's tenure as Independent Non-Executive Chairman ended after 12.3 years in the role. We don't have any record of a personal shareholding under Saamsoodein's name. Saamsoodein is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 8.42 years. Upcoming Dividend • Jun 02
Upcoming dividend of R2.44 per share Eligible shareholders must have bought the stock before 09 June 2021. Payment date: 14 June 2021. Trailing yield: 9.0%. Within top quartile of South African dividend payers (7.7%). Higher than average of industry peers (6.3%). Announcement • May 26
Coronation Fund Managers Limited Declares an Interim Gross Dividend, Payable on 14 June 2021 The directors of Coronation Fund Managers Limited resolved to declare an interim gross dividend of 244 cents (March 2020: 178.0 cents) per share from income reserves for the period ended 31 March 2021. The dividend amount, net of South African dividend tax of 20%, is 195.2 cents (March 2020: 142.4 cents) per share for those shareholders who are not exempt from Dividends Tax. Trading ex-dividend commences: 9 June 2021; Record date: 11 June 2021; Payment date: 14 June 2021. Is New 90 Day High Low • Mar 10
New 90-day high: R52.39 The company is up 19% from its price of R44.03 on 10 December 2020. The South African market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 7.0% over the same period. Announcement • Feb 19
Coronation Fund Managers Limited Confirms Appointment of Mr. Neil Brown, Mr. Phakamani Hadebe and Mr. Saks Ntombela as Directors Coronation Fund Managers Limited at its AGM held on Feb. 17, 2021 approved to confirm appointment of Mr. Neil Brown, Mr. Phakamani Hadebe and Mr. Saks Ntombela as directors. Announcement • Feb 14
An unknown buyer acquired an unknown additional stake in Coronation Fund Managers Limited (JSE:CML). An unknown buyer acquired an unknown additional stake in Coronation Fund Managers Limited (JSE:CML) on February 12, 2021. Prudential Investment Managers (South Africa) Pty Ltd on behalf of client acquired stake. Buyer now hold 5.04% stake in Coronation.
An unknown buyer completed the acquisition of an unknown additional stake in Coronation Fund Managers Limited (JSE:CML) on February 12, 2021. Is New 90 Day High Low • Jan 26
New 90-day high: R47.94 The company is up 23% from its price of R39.00 on 28 October 2020. The South African market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 11% over the same period. Reported Earnings • Dec 06
Full year 2020 earnings released: EPS R3.99 The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: R3.67b (up 11% from FY 2019). Net income: R1.39b (up 17% from FY 2019). Profit margin: 38% (up from 36% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings. Upcoming Dividend • Dec 02
Upcoming Dividend of R2.05 Per Share Will be paid on the 14th of December to those who are registered shareholders by the 9th of December. The trailing yield of 9.1% is below the top quartile of South African dividend payers (9.7%), but it is higher than industry peers (6.6%). Is New 90 Day High Low • Nov 25
New 90-day high: R43.60 The company is up 3.0% from its price of R42.27 on 27 August 2020. The South African market is up 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Capital Markets industry, which is up 7.0% over the same period. Reported Earnings • Nov 25
Full year 2020 earnings released: EPS R3.99 The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: R3.67b (up 11% from FY 2019). Net income: R1.39b (up 17% from FY 2019). Profit margin: 38% (up from 36% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 16% per year, which means it is performing significantly worse than earnings. Is New 90 Day High Low • Oct 31
New 90-day low: R37.53 The company is down 5.0% from its price of R39.30 on 31 July 2020. The South African market is down 6.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Capital Markets industry, which is flat over the same period. Is New 90 Day High Low • Sep 22
New 90-day low: R38.43 The company is down 4.0% from its price of R40.00 on 24 June 2020. The South African market is also down 4.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Capital Markets industry, which is down 7.0% over the same period.