12.07.2015 Views

Cannon Flexible Fund - Cannon Asset Managers

Cannon Flexible Fund - Cannon Asset Managers

Cannon Flexible Fund - Cannon Asset Managers

SHOW MORE
SHOW LESS

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

Metair: Sum Of The PartsInvestment case• OE recovery (530k); 2007/08 car park and APDP• increasing balance in portfolio• ROE recovery (~25%)• R50m debt, strong cash flow & cash R320m• industrial property portfolio ~227k m 2• <strong>Fund</strong>amental Score = 9 and H Score = 92• directors’ dealings• earnings yield 11.2% and dividend yield 3.2%Profile Media; Bloomberg, <strong>Cannon</strong> <strong>Asset</strong> <strong>Managers</strong>

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!