Flicker of hope for 2014 – deep value specialist, top business teacher Adrian Saville sees glass filling up

Adrian Saville has been in the news lately. The founder and Chief Investment Officer of Cannon Asset Managers, a visiting professor at GIBS, was ranked by students as one of the world’s best, getting 857 Facebook “Likes” (the most) in a competition run by The Economist. And last month Peregrine announced it has acquired a controlling … Read more

Investment highs: The case for buying tobacco companies and pharmaceutical giants; solid growth options

Anti-smoking campaigners have notched up enormous successes in their battle against tobacco companies. In Malaysia the sickly pairs of lungs decorating the box is enough to put you off having a puff, while in the UK it’s increasingly difficult for minors to buy cigarettes. Yet, tobacco companies have continued to produce wonderful returns for their … Read more

Warning: After another cracking year, equity returns will probably disappoint in 2014 – investment fund

The Price:Earnings (PE) ratio is a popular tool for assessing whether a share, or equity market, looks cheap or expensive. Mike Browne of Seed Investments has undertaken some detailed research on the ALSI’s PE ratio and cautions it is likely that returns from Johannesburg-listed stocks will disappoint over the next year. The good news is … Read more

South Africa’s large-cap industrial stocks look scarily pricey, but financials, small caps and resources companies look interesting – investment expert

Barely a day goes by these days without an investment expert pondering whether the only way for the JSE FTSE All Share Index from here is down. Geoff Blount, CEO of Cannon Asset Managers, says his team has almost no exposure to South African large-cap industrial shares because they are incredibly expensive compared to other … Read more