Even genius sometimes slips. Warren Buffett faces his worst year since 2009
Investment guru Warren Buffett is headed for his worst year relative to the rest of the US stock market since 2009.
Equity securities
S&P Indices Versus Active Funds (SPIVA®) South Africa Scorecard
S&P Dow Jones Indices has been the de facto scorekeeper of the ongoing active versus passive debate since the first publication of the SPIVA U.S. Scorecard in 2002.
Stock picks: Three for your Xmas stocking (or, how to make that bonus last)
Cannon’s Victor von Reiche hunted around the R2bn market cap level to uncover his three stock picks for 2015. Well worth having a closer look.
Sweet spot for Africa PE is in smaller deals
Nick Tims explains that as African private equity markets evolve, the ‘sweet spot’ is to be found at the smaller end of the deal size spectrum.
Jan Mouton, superstar fund manager – apple didn’t fall far from PSG founder’s tree
PSG founder Jannie Mouton is not just one of SA’s great entrepreneurs. He’s also produced sons who have excelled. Like Jan, manager of PSG Flexible Fund.
Looking for yield? Consider Assupol – 78c divi on a 500c share price
Assupol, which trades at 500c, delivered sparkling results to end June, declaring a total dividend of 78c a share – 48c of which is a repayment of capital.
Why tightly held, illiquid shares aren’t bad – Warren Buffett
By Alec Hogg I’ve been astonished at the seemingly ever sliding share price of Moneyweb. Having started the company and still being a significant shareholder – by my modest standards anyway – I know the business is as sound as any media company in this environment. With around R25m in the bank, no debt, a … Read more
Abil proves Money Market funds aren’t risk free, still best place to park cash
On of my early jobs in journalism was at Finance Week. My 2.5% ownership of the business was taken back when I left, but they did give me the first 12 bound editions of the publication. Over the weekend I was having a read at some of the articles I wrote for the mag in … Read more
Allan Gray CIO Ian Liddle: Why we bought Abil shares last Thursday
Allan Gray’s disclosure this week that it owns 6.88% of the equity in now defunct Abil led to many drawing the conclusion that the firm had abandoned its conservative culture and taken a serious punt as the bank was dying. The reality is somewhat different as chief investment officer Ian Liddle explained in this fascinating … Read more
Abil BEE shareholders biggest losers
By Riaz Gardee* The Government Employees Pension Fund (PIC) and BEE shareholders are amongst the largest losers in the recent collapse of micro-lender African Bank. The PIC has a beneficial shareholding of 15.3% and Abil’s BEE shareholders hold c. 5% through its empowerment vehicles Eyomhlaba and Hlumisa. This beneficial ownership of over 20% and the … Read more