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Welcome to Mafiabuzz

 

Our Website

Our website contains the following information:

1.  A Newsflash which is a weekly summary of the market statistics and company announcements

2.  Details of DIY Portfolio Management workshop dates and fees

3.  A secure section which allows our members to gain access to the DIY Portfolio Management database

4.  Paper portfolios which are experimental portfolios of past workshop participants

5.  Buzzes which address current portfolio management issues

The DIY Portfolio Management Manual

There are four parts to this program:

1.   The database which contains portfolio management calculators, models and market information

2.   The manual which contains 15 lessons on portfolio management

3.   Facilitator workshops which allow DIY portfolio managers to meet and discuss the programme

4.   Hedgehog, our portfolio monitoring and reporting system

Charles Hattingh presents the facilitator workshops in Johannesburg area and Christiaan Lamprecht in the Western Cape. 

The DIY Portfolio Management Programme focuses on three areas:

 

1.  The JSE equities market

2.  The shares listed on the JSE

3.  The construction and management of portfolios of JSE listed shares

The programme classifies the JSE equities market into three sectors, three strata and ten clusters and performs detailed analyses on the past performance of these sectors, strata and clusters.

 

The programme has identified 80 shares for analysis.  Three levels of analysis are performed:

Level 1:  Market performance of the shares including graphical, statistical and regression analyses

Level 2:  Fundamental performance of the shares including returns, reality checks and valuations

Level 3:  Financial analysis of the companies including full du Pont and financial strength analyses

 

The selection, construction and management of equity share portfolios follow a strategy called “Modified Enhanced Beta” which is designed to outperform the market.

 

Participants of the programme have full access to a database of information required to manage their portfolios.

Background to Charles Hattingh

After serving five years of articles with a small auditing firm and attending Wits in the evenings and on Saturday mornings, Charles Hattingh (CPH) failed the qualifying examination in 1962.  He then formed a small study group and rewrote in 1963, achieving honours (first in RSA).

He received his results while working for 20th Century Fox as company secretary in Nairobi, Kenya.  On returning to South Africa, he joined the Industrial Development Corporation as an investigating accountant.  He was fortunate to work under two incredible people, Mr. John Mitchell and Mr. Derek Keys, spending three years at the IDC performing due diligence investigations for loan and equity investments.  He sat on three boards of directors as a representative of IDC.

After his stint with the IDC he joined Anglo American’s merchant bank, Union Acceptances Limited (UAL).  His job was to investigate and value companies for listings and takeover purposes.  The level of activity at UAL was much lower than that at the IDC so, in his spare time, he formed a group of fourteen candidates who had previously failed the CA qualifying examination.  Using his own experience of having failed and then achieving honours, he trained these candidates for five months in the art and practice of writing examinations.  12 of the 14 passed.  The two who failed never managed to pass at subsequent attempts.  Encouraged by these results, he left UAL to focus full time on preparing candidates for the Q.E.

During this stage of his career he:

  • Was appointed to SAICA’s Accounting Practices Committee as a representative of financial statement analysts

  • Presented courses for SAICA on International Accounting Standards

  • Wrote and passed the CFA (Chartered Financial Analysts) examinations

  • Co-wrote SAICA’s valuation booklet

  • Consulted on accounting and valuation problems

  • Analysed and valued about 80 companies a year

In 1999 he ceased his Q.E. activities and in 2011 ceased presenting workshops on IFRS.  In 2015 he gave up his valuation activities.  He now focuses all of his efforts on researching and presenting workshops on portfolio management.