Latest news with #CoronationFundManagers
Yahoo
3 days ago
- Business
- Yahoo
Coronation Fund Managers First Half 2025 Earnings: EPS: R2.05 (vs 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). EPS: R2.05 (up from R2.00 in 1H 2024). This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. All figures shown in the chart above are for the trailing 12 month (TTM) period Coronation Fund Managers shares are up 1.8% from a week ago. Be aware that Coronation Fund Managers is showing 2 warning signs in our investment analysis that you should know about... Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
3 days ago
- Business
- Yahoo
Coronation Fund Managers First Half 2025 Earnings: EPS: R2.05 (vs 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). EPS: R2.05 (up from R2.00 in 1H 2024). This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. All figures shown in the chart above are for the trailing 12 month (TTM) period Coronation Fund Managers shares are up 1.8% from a week ago. Be aware that Coronation Fund Managers is showing 2 warning signs in our investment analysis that you should know about... Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
The Star
4 days ago
- Politics
- The Star
Investment in ESG is irresponsible
It is saddening to note that the Coronation Fund Managers Stewardship Activities Report (Business Report, May 29) uncritically embraces the false globalist ideology of ESG (environmental, social, governance). Proudly, the Coronation Fund Managers declare that they 'assess and advocate for improvements in their climate change strategies.' Clearly, despite Coronation's research capacity, they have wittingly or unwittingly allowed themselves to be shepherded by the controlled sirens of pliant science and the mass media in believing that human activity can influence climate change. Uncorrupted science and history have proved that warming periods occurred in millennia before fossil fuels were being widely used as they are today. Uncorrupted science has also shown that temperature changes occur as a result of the inconsistency of the Earth's elliptical path around the sun and the slight variations that occur in the Earth's tilt. So, ignoring true science and history is inexcusable. But what is worse is the agenda of the climate change globalists. It requires investing in the hugely expensive green deal – lithium-powered vehicles, wind turbines and solar panels. It ignores the vast environmental damage the extraction of lithium causes and the unreliability of wind turbines, with their terrible toll on bird life. By taking punitive action against what they condemn as carbon polluters like Sasol, the ESG disciples push up the cost of living and exacerbate impoverishment. Of course, if they studied the science and history of carbon dioxide, they would note that although it comprises less than one percent of the atmosphere, it is vitally important for plant and vegetation growth. The section of the Stewardship Report that reveals double standards is Coronation's focus on the potential oil and gas bonanza off the Namibian coast. Despite their green commitment, the temptation of lucrative investment in fossil fuel exploitation is enticing. Although the Stewardship Report does not address the social aspect of ESG, it is important to note that it relates to DEI – diversity, equity, and inclusion. One wonders how that aligns with Coronation's commitment to 'responsible investment,' especially when it is evident that the principle of merit is overlooked in the implementation of DEI policy. Given the Trump Administration's recognition of the globalists' green deal for the scam it is, in keeping with their commitment to responsible investment, Coronation's Fund Managers ought to be ditching ESG and focusing on the massive fossil fuel exploitation that is about to take off in the US. Investment in ESG is irresponsible. DR Duncan Du Bois Durban
Yahoo
4 days ago
- Business
- Yahoo
With EPS Growth And More, Coronation Fund Managers (JSE:CML) Makes An Interesting Case
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to investors, even if it currently lacks a track record of revenue and profit. Unfortunately, these high risk investments often have little probability of ever paying off, and many investors pay a price to learn their lesson. Loss-making companies are always racing against time to reach financial sustainability, so investors in these companies may be taking on more risk than they should. If this kind of company isn't your style, you like companies that generate revenue, and even earn profits, then you may well be interested in Coronation Fund Managers (JSE:CML). Even if this company is fairly valued by the market, investors would agree that generating consistent profits will continue to provide Coronation Fund Managers with the means to add long-term value to shareholders. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. The market is a voting machine in the short term, but a weighing machine in the long term, so you'd expect share price to follow earnings per share (EPS) outcomes eventually. So it makes sense that experienced investors pay close attention to company EPS when undertaking investment research. Coronation Fund Managers managed to grow EPS by 10% per year, over three years. That's a good rate of growth, if it can be sustained. Careful consideration of revenue growth and earnings before interest and taxation (EBIT) margins can help inform a view on the sustainability of the recent profit growth. On the revenue front, Coronation Fund Managers has done well over the past year, growing revenue by 8.9% to R4.1b but EBIT margin figures were less stellar, seeing a decline over the last 12 months. So if EBIT margins can stabilize, this top-line growth should pay off for shareholders. The chart below shows how the company's bottom and top lines have progressed over time. To see the actual numbers, click on the chart. Check out our latest analysis for Coronation Fund Managers While it's always good to see growing profits, you should always remember that a weak balance sheet could come back to bite. So check Coronation Fund Managers' balance sheet strength, before getting too excited. It's a necessity that company leaders act in the best interest of shareholders and so insider investment always comes as a reassurance to the market. So it is good to see that Coronation Fund Managers insiders have a significant amount of capital invested in the stock. We note that their impressive stake in the company is worth R1.9b. This totals to 12% of shares in the company. Enough to lead management's decision making process down a path that brings the most benefit to shareholders. Looking very optimistic for investors. It means a lot to see insiders invested in the business, but shareholders may be wondering if remuneration policies are in their best interest. Our quick analysis into CEO remuneration would seem to indicate they are. For companies with market capitalisations between R7.2b and R29b, like Coronation Fund Managers, the median CEO pay is around R19m. Coronation Fund Managers' CEO took home a total compensation package worth R13m in the year leading up to September 2024. That is actually below the median for CEO's of similarly sized companies. CEO remuneration levels are not the most important metric for investors, but when the pay is modest, that does support enhanced alignment between the CEO and the ordinary shareholders. It can also be a sign of a culture of integrity, in a broader sense. One positive for Coronation Fund Managers is that it is growing EPS. That's nice to see. The fact that EPS is growing is a genuine positive for Coronation Fund Managers, but the pleasant picture gets better than that. With company insiders aligning themselves considerably with the company's success and modest CEO compensation, there's no arguments that this is a stock worth looking into. You still need to take note of risks, for example - Coronation Fund Managers has 2 warning signs we think you should be aware of. There's always the possibility of doing well buying stocks that are not growing earnings and do not have insiders buying shares. But for those who consider these important metrics, we encourage you to check out companies that do have those features. You can access a tailored list of South African companies which have demonstrated growth backed by significant insider holdings. Please note the insider transactions discussed in this article refer to reportable transactions in the relevant jurisdiction. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
IOL News
28-05-2025
- Business
- IOL News
How Coronation Fund Managers commits to responsible investment and ESG engagement
Coronation Fund Managers has released a Stewardship Activities Report, which sheds light on the interactions that the fund manager implemented in pursuit, not only for a better financial outcome for shareholders in corporate deals such as mergers and acquisitions, but also in the pursuit of better environmental, social and governance aims Image: AI Ron Coronation Fund Managers does more than just invest over R670 billion of its clients' savings for better returns; its mandate includes ensuring funds are invested responsibly and in line with ESG considerations and in 2024, it voted on 6 244 shareholder resolutions as part of this strategy. South Africa's biggest independent asset manager has released a Stewardship Activities Report, which sheds light on the key interactions that the fund manager implemented in pursuit of not only better financial outcomes for shareholders in corporate deals, such as mergers and acquisitions, but also in the pursuit of improved Environmental, Social, and Governance considerations. The report is unique in South Africa, as asset managers do not often publicly disclose the reasons for their investment positions in depth. Coronation said attended 482 shareholder meetings throughout the year on behalf of its clients' investments, with a significant proportion of these meetings involving South African companies. 'Our voting approach emphasises constructive, pre-emptive engagement rather than formulaic voting, allowing for issues to be addressed before they reach a vote. However, where matters remain unresolved or are not resolved to satisfaction, we will cast a dissenting vote,' the asset manager stated. Of the 482 meetings at which it voted, at least one dissenting vote was cast in 227 (47%) of these. The number of meetings where dissenting votes were cast varied by region, with the largest percentage of dissenting votes occurring in developed market companies (64% of meetings). Most dissenting votes were cast on board structure (38%), followed by capital structure (33%). Twenty-six percent of votes against management proposals related to capital structure, with a large proportion opposing blanket authorities to issue shares generally and unconditionally. Resolutions concerning auditors attracted 13% of votes against management, aligning with Coronation's policy against firms exceeding a 10-year tenure. The high number of dissenting votes on board structure (8%) was primarily driven by misalignment with Coronation's governance policies, limited time, and/or insufficient information to adequately assess candidates, leading to a significant number of dissenting votes when board candidates were elected. Notably, 6% of Coronation's dissenting votes related to remuneration. The main reasons for voting against remuneration policies included targets set by the company being insufficient to align remuneration with shareholder value creation, inappropriate short-term and long-term incentives, and excessive remuneration not reflective of the value and contribution of executives. Other reasons included the absence of malus and clawback mechanisms to protect the company from fraud or material misrepresentation, as well as insufficient disclosure of remuneration structures and performance metrics. In South Africa, the majority of dissenting votes were related to capital structure, particularly board requests for blanket authorities to issue shares generally and unconditionally. In emerging markets, most dissenting votes were cast against board structure proposals, primarily due to misalignment with Coronation's governance policies, insufficient time or information to adequately assess board appointments, and the complexity of voting systems. One of the thematic issues that Coronation engages with the management of companies it invests in is climate change. In 2024, Coronation engaged with 20 focus companies in their South African and Global Emerging Market universes, to assess and advocate for improvements in their climate-related strategies. For example, Coronation had seven engagements with Sasol in 2024, discussing several issues, including climate change. Sasol is the largest corporate emitter of harmful greenhouse gas emissions in Coronation's South African investment universe. 'We reiterated the need for Sasol to prioritise sustainable and profitable production, which will be critical for providing the resources to meet its emissions targets,' the report stated. Coronation also engaged several companies on the appropriateness of their emissions reduction targets. 'For example, we requested that TotalEnergies set and disclose scope 3 emissions intensity targets for its gas products, enabling a clearer timeline for the use of this transition feedstock. While the company has publicly committed to reducing scope 3 emissions for oil products, it does not plan to reduce overall scope 3 emissions by 2030.' 'We therefore believe it is appropriate to set gas-related intensity targets to promote more efficient production, even if the company plans to scale up volumes.' Coronation also considered the appropriateness of climate targets set by Nedbank. 'We questioned whether the group's targets for its oil and gas lending portfolio aligned with its ambition to grow in Mozambique and Namibia. The company indicated its board is comfortable that growth in these regions can be accommodated while staying within targets, potentially by reducing exposure elsewhere if necessary.' Visit:
