Attached please find trading updates on Pioneer Foods, Astoria, Mediclin Int, Reinet, Rhodes foods and Brait.
All updates re-inforce our holdings in these stocks. Current market conditions remain subdued pending clarity on our ratings outcomes and the Brexit referendum next month.
Any queries, or if you would like to discuss, please don’t hesitate in giving me a call.
Tel: +27 011 263 9576
Tel: +27 011 384 2914
According to a recent Treasury report, you could be losing out on as much as 3.6% per year on your retirement fund.
That is a staggering 50% less in your pocket at retirement!
Based on a recent study of our own Vunani Ltd Provident Fund we identified the following savings:
#1. Reduce expensive Administration and Platform fees
We have removed all deductions from monthly contribution admin fees levied by our now retired administrators.
We reduced administration costs massively by negotiating with our new service provider for the lowest cost base available and passed those benefits on to our members.
Our platform now provides all members with a Global Standard on-line reporting facility, support and compliance.
#2. Cut out up-front advisor fee loading on monthly contributions
We cut overall fees by more than half and scrapped up-front fees levied against member’s monthly contributions.
#3. Substantially enhance your returns over the full period to maturity
We improved member investment performance with superior fund selection and wider choice.
#4. No layers of unnecessary fees.
We have reduced overall fund management fees by as much as 50% for contributing members in certain specialist funds and halved the advisor fee to 50 basis points per year.
#5. Get rid of all the inflexibilities and improved investment choice
Access a quality, diversified selection of local and off-shore investment options
We have introduced direct JSE personal share portfolio options for the larger individual fund members, who now monitor on line, their own bespoke self-invested private portfolio pension plan at half the cost!
We now enjoy a full suite of Alternative investments, Exchange traded funds, Unit trusts, including local and international bond fund choices and Global exposure to all members via the Glacier platform.
Ask yourself the following questions:
– Are you paying too much? I would like to investigate the costs and returns of my Companies Pension/Provident fund over the years?
– Are my Pension/Provident Fund members happy with their real rates of return?
– Do we have a comprehensive choice of funds to optimise investment and income needs?
– Are we getting decent financial advice on their retirement fund?
At Vunani, we completed our own exercise and where dis-satisfied once we identified the layers of underlying costs, transparency, lack of fund choice, related returns and poor levels of service provision.
We negotiated a new deal, switched our service provider and changed our employeeâs attitudes on their retirement savings overnight.
All our employee/members are better off and delighted with this change.
I can share this exercise and experience with you.
Let me do all the ground work and present you with the findings. No costs at all!
I need twenty minutes of your time to show you how we achieved this, I would like to have a initial discussion with you, so drop me an email on firstname.lastname@example.org.
For further information, including investment ideas, product options and Vunani funds please visit our website at http://www.vunaniprivateclients.co.za/funds
Wealth and Asset Management.
Vunani Private Clients (Pty) Ltd
Cell: 082 338 3868
Warren Buffett is no stranger to sharing his views, insights and thoughts with the world.
In fact, he’s been writing investor letters for 50 years!
They don’t call him the “Oracle of Omaha” for nothing – Buffett continues to be involved in some of the biggest investment plays in the world, and investors wait in anticipation for the pearls of investment wisdom he shares every year off the back of these investments.
And for good reason too.
He’s used them to grow his business by 1,826,163% in just 5 decades!
That kind of growth is staggering…
That’s why I’ve decided to pull together 10 of the greatest things Warren Buffett has ever said & shared with the world about how he’s achieved this kind of growth…
The simple rules Warren Buffett’s used to grow his company by 1,826,163%
#1. Buy businesses that can be run by idiots
“I try to buy stock in businesses that are so wonderful that an idiot can run them. Because sooner or later, one will.”
Source: Business Insider
#2. Ignore politics and macroeconomics when picking stocks
“We will continue to ignore political and economic forecasts, which are an expensive distraction for many investors and businessmen. Thirty years ago, no one could have foreseen the huge expansion of the Vietnam War, wage and price controls, two oil shocks, the resignation of a president, the dissolution of the Soviet Union, a one-day drop in the Dow of 508 points, or treasury bill yields fluctuating between 2.8% and 17.4%.
But, surprise – none of these blockbuster events made the slightest dent in Ben Graham’s investment principles. Nor did they render unsound the negotiated purchases of fine businesses at sensible prices. Imagine the cost to us, then, if we had let a fear of unknowns cause us to defer or alter the deployment of capital. Indeed, we have usually made our best purchases when apprehensions about some macro event were at a peak. Fear is the foe of the faddist, but the friend of the fundamentalist.”
Source: Chairman’s Letter, 1994
#3. Forever is a good holding period
“When we own portions of outstanding businesses with outstanding managements, our favorite holding period is forever.”
Source: Letter to shareholders, 1988
#4. The best time to buy a company is when it’s in trouble
“The best thing that happens to us is when a great company gets into temporary trouble…We want to buy them when they’re on the operating table.”
Source: Businessweek, 1999
#5. Companies that don’t change can be great investments
“Our approach is very much profiting from lack of change rather than from change. With Wrigley chewing gum, it’s the lack of change that appeals to me. I don’t think it is going to be hurt by the Internet. That’s the kind of business I like.”
Source: Businessweek, 1999
#6. The more you trade, the more you underperform
“Long ago, Sir Isaac Newton gave us three laws of motion, which were the work of genius. But Sir Isaac’s talents didn’t extend to investing: He lost a bundle in the South Sea Bubble, explaining later, “I can calculate the movement of the stars, but not the madness of men.” If he had not been traumatized by this loss, Sir Isaac might well have gone on to discover the Fourth Law of Motion: For investors as a whole, returns decrease as motion increases.”
Source: Letters to shareholders, 2005
#7. Think Long Term
“Your goal as an investor should simply be to purchase, at a rational price, a part interest in an easily-understandable business whose earnings are virtually certain to be materially higher five, ten and twenty years from now. Over time, you will find only a few companies that meet these standards – so when you see one that qualifies, you should buy a meaningful amount of stock. You must also resist the temptation to stray from your guidelines: If you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes. Put together a portfolio of companies whose aggregate earnings march upward over the years, and so also will the portfolio’s market value.”
Source: Chairman’s Letter, 1996
#8. Be greedy when others are fearful
“Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy only when others are fearful.”
Source: Letter to shareholders, 2004
#9. Price and value are not the same
“Long ago, Ben Graham taught me that ‘Price is what you pay; value is what you get.’ Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down.”
Source: Letter to shareholders, 2008
#10. This is the most important thing
“Rule No. 1: never lose money; rule No. 2: don’t forget rule No. 1”
Source: The Tao of Warren Buffett
How to kick-start your first investment portfolio today
Everyone has to start somewhere…
Even Warren Buffett had to get going at one stage 50 years ago, long before he uncovered these pearls of investment wisdom.
So if you’re looking to get started and put yourself on the road to Buffett’dom I want to introduce you to the investment tool you cannot afford to be without.
It’s something we like to call a Personal Share Portfolio (PSP), and it gives you the opportunity to grow your money alongside investment specialists in a flexible fashion most investments can’t give you.
With a PSP you’ll be able to build a diversified, market-beating portfolio and even get the opportunity to set it up as a Retirement Annuity (RA). You’ll be able to participate, understand and tailor-make your unique portfolio with the help of a dedicated wealth specialist, and unlike many other investments, you can even cut your risks via hedging facilities.
To find out how you can open your own Personal Share Portfolio today simply call me on +2711 263 9500 or e-mail me at email@example.com and I’ll help you get started!
Here’s to long term investment wealth.
Wealth Manager | Vunani Private Clients
011 263 9500
MEI – Our View
Mediclin still the favoured Hospital management servicers counter with continued strong growth prospects.
Mediclinic has undergone some positive restructuring and its merger with Al Noor and its new listing on the FTSE100 marks a new era for the company.
The successful corporate strategy has been coupled with a solid operating performance once again.
This highlights the importance of having a quality management team performing at multiple levels. We continue to like the company and hold it across multiple portfolios.
CPI – Our View
A really good set of results in a difficult trading environment.
The results are head and shoulders above the rest of the major banks numbers released recently.
Capitec continues to surprise to the upside and its quality shows in its numbers.
The bank remains highly focussed but new avenues for product and revenue growth continue to provide opportunities particularly as the wealthier segment buys into the
Potential for growth remains as new products such as credit cards and mortgage loans means Capitec has even more room to expand aggressively.
We continue to hold Capitec directly and through is majority shareholder PSG Group.
To read more V Note_1_04_ 2016
Will have the month end commentary out shortly.
Have a wonderful weekend.
Vunani Private Clients
Wealth and Asset Management Team
Tel: +27 011 263 9576
Tel: +27 011 384 2914
Reinet (REI)– NAV Statement for December 2015, Stellar Capital (SCP) – Acquisition and Resilient (RES) – 6 Month Trading UpdateFULL ARTICLE
Reinet Investments S.C.A. consolidated unaudited financial results for the six-month period ended 30 September 2015FULL ARTICLE
Shareholders are advised that Santova expects basic earnings per share for the six months ended 31 August 2015 to be between 15.81 and 17.08 cents per share, which is between 25% and 35% higher than the 12.65 cents per share reported for the previous corresponding period.FULL ARTICLE