||EPS - Basic
||Market Cap (m)
|Travel & Leisure
|CMC Daily Update: CMC Markets is listed in the Travel & Leisure sector of the London Stock Exchange with ticker CMCX. The last closing price for CMC was 117.80p.|
CMC Markets has a 4 week average price of 118.19p and a 12 week average price of 149.65p.
The 1 year high share price is 293.60p while the 1 year low share price is currently 93.70p.
There are currently 287,916,666 shares in issue and the average daily traded volume is 272,620 shares. The market capitalisation of CMC Markets is £332,255,832.56.
|pj0077: Interesting article richie666, thanksWe can speculate endlessly that CMCX is a bid target, but even if it is the gate-keeper remains the 55% shareholder, Peter Cruddas.He was happy to float a minority stake at 240p earlier this year, but is he now happy to sell a controlling stake at a big discount to 240p?And if the answer is 'yes' at (say) 200p then it would be out of the reach of all of the companies mentioned (GAIN, US, Spreadex).For the record I think the valuation of CMCX is exceptionally pessimistic, and made the following assessment on Stockopedia four days ago:"There's definite value emerging in this sub-sector.I was working through the CMC Markets (LON:CMCX) numbers this afternoon on the back of an envelope.For y/e March 2016, the company had current assets of £205m & total liabilities of £55m i.e. net current assets of £150m.Subtracting this number from the market cap of £273m gives an adjusted market cap of £123m.This compares with a net profit of £42.5m i.e a historic p/e of 2.9xSure, the regulatory climate may be more hostile in the future compared to the past, but a degree of pessimism appears to be embedded in the share price.Who knows maybe Peter Cruddas, the majority shareholder, may take the company private again, 10 months after IPOing it at 240p/share"|
|danpollard: I’ve just bought a few of these. Low net debt – in fact excess cash of £34m. They are reasonably valued with a PE of 14 but growth of net profit is roughly 28%. Market volatility is also good for trading volumes with spreadbet providers so I can see some upside in the share price. Currently around the IPO price. This could be the next IG.|
CMC share price data is direct from the London Stock Exchange