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CML Cml Microsystems Plc

322.00
0.00 (0.00%)
16 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Cml Microsystems Plc LSE:CML London Ordinary Share GB0001602944 ORD 5P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 322.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
314.00 330.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Electronic Components, Nec 20.64M 4.81M 0.2978 10.81 52.01M
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 322.00 GBX

Cml Microsystems (CML) Latest News

Cml Microsystems (CML) Discussions and Chat

Cml Microsystems Forums and Chat

Date Time Title Posts
13/4/202414:34CML Microsystems - With Charts and News821
10/7/201123:32CML IT hardware that pays a dividend!193
02/12/200210:35CML - price below NAV, massive yield, recovery in the offing...18
01/5/200221:40going up in a world going down21

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Cml Microsystems (CML) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-04-15 15:14:14328.40150492.60O
2024-04-15 14:51:16328.40182597.69O
2024-04-15 13:57:26329.041,5194,998.12O
2024-04-15 12:34:27314.0013.14O
2024-04-15 12:15:52323.241,5475,000.52O

Cml Microsystems (CML) Top Chat Posts

Top Posts
Posted at 13/4/2024 14:34 by wiloughby2
I have No doubt you have seen the notice of share buy back by the company - explaining your comment. I too, concur that this is looking oversold . Maybe the American purchase is taking a while to integrate. I do feel those people buying at the present value will be rewarded.
Posted at 28/3/2024 14:46 by wad collector
Simon Thompson, having been tipping CML last year suggests hold FWIW. He points out that the customers that reduced stock are mostly buying from a monopoly and the Microwave Technnology acquisition will reduce the margins, the Shore forecast for 2023 is 3.9% yield and P/E of 10.
Posted at 19/12/2023 14:31 by roddiemac2
steeplejack-------

re. your post 792----Going private is not part of CML`s plan.
Posted at 19/12/2023 10:00 by picnic
Thanks for the above write up ,looking more interesting on many fronts.
Note the filtonic (FTC) rns today re large contract , working with PRFI consultants,
who are of course owned my CML.
Also thanks for your write up on both CNC and PEN, both of which i hold.
Posted at 15/12/2023 10:16 by hastings
For interest.
Posted at 30/10/2023 14:59 by roddiemac2
NTV,

It cannot have escaped your notice that many shares have been hammered in the last few weeks; the carnage has been fairly indiscriminate. Against this backdrop CML has fallen in mostly small daily volume.I don`t think that CML have lost credibility .With half year results due on the 5/12/23 ---not long to wait
Posted at 29/10/2023 17:43 by ntv
Not surprised this has fallen away so much
Company bought in shares and then reissued them about 20% lower price
That large 250k buyback in a lump is a bit suspicious to me
The company has lost credibility imho and has got a lot to do to get that back
Posted at 27/6/2023 12:21 by steeplejack
A nominal spread of 7% is off-putting.There217;s little money to be made in running a book in a small company like CML.It’s too low cap to attract interest from other than a few small company orientated funds and private clients.Increasingly,companies like CML will eschew a stock exchange listing and go private.CML looks cheap but is likely to remain so in a risk averse market.I think it was Simon Thompson who commented that either CML rerated or ultimately it would get taken over.That’s possible but so is going private.
Posted at 27/6/2023 08:35 by roddiemac2
gleach23,

I look at things this way:-- Our "job" as investors is to notice when trading seems irrational , and to take advantage accordingly. In CML`s case I have been surprised by
how low the shares drifted in recent weeks ( albeit in mostly thin trading ). I am confident that in the medium to long term the price of CML`s shares will better reflect their performance and prospects. Accordingly , I increased my holding ; patience should pay.
Posted at 14/4/2022 08:10 by sev22
'Tap into a lowly rated high growth technology play'

A Maldon-based semiconductor chip designer and manufacturer is outperforming and is well funded to accelerate growth in a market that is exhibiting secular growth mega trends.

It also offers hidden value.
April 13, 2022
By Simon Thompson

*Trading ahead of analysts’ annual pre-tax profit forecasts of £2mn, up from £1.1mn in 2020/21

*Net cash of £25mn (150p a share), up from £22.6mn at 30 September 2021

*Strong forward order book stretching beyond 12 months

Maldon-based semiconductor chip designer and manufacturer CML Microsystems (CML:380p) is reaping the benefits of the strong secular drivers in its end markets. Following the strategic disposal of its solid-state storage division, CML is a pure-play on the high growth industrial communications market. Specifically, it provides integrated circuits to distributors and system integrators (Cobra, Hytera, Icom, Kenwood, Orbcomm and Sepura are all clients).

CML is not only leveraging its standing as a key supplier to many of the world's Tier 1 equipment manufacturers, but is well funded to accelerate growth in a market that is exhibiting secular growth mega trends. Key drivers are increasing demand for data to be transmitted faster and more securely, the upgrading of telecoms infrastructure, and the growing prevalence of private commercial wireless networks for voice and data communications linked to the industrial internet of things (IIoT). In data-centric markets, higher data throughput from terrestrial and satellite communications applications are required to meet the needs of the growing machine-to-machine (M2M) and IIoT market segments.

CML’s addressable market is worth $1bn (£768bn) and includes a number of key growth areas in the coming years: critical infrastructure (public utilities, smart grid, RF identification (RFID)); 5G (repeaters, small/pico cells, fixed wireless access, distributed antenna systems, smart meters); and satellite communications (terminals, broadband access).

To address these multiple growth markets, CML has been expanding its semiconductor product portfolio by adding narrowband applications operating at the lower end of the radio spectrum. As opposed to broadband, these applications use short-range fixed-location wireless applications such as RFID, commercial vehicle remote keyless entry devices or narrowband-IoT focused on indoor coverage, low cost, long battery life and high connection density. The acquisition of a third-party design house, PRFI, has been instrumental in widening the product offering and addressable markets.

PRFI is an approved third-party design house for several leading global semiconductor companies and boasts an impressive client roster that includes BAE Systems, Huawei, Inmarsat, National Semiconductor, QinetiQ, Samsung, Sony Semiconductor and Thales. PRFI was acquired not only for its expertise in microwave and millimetre-wave frequencies, including wide band applications for high data rate applications, but to speed up the time-to-market for new products. It’s doing just that, launching a new SµRF range of high frequency, high bandwidth integrated circuits targeting RF and millimetre-wave frequencies in emerging markets such as 5G, satellite and IoT. First orders have already been received from early-stage adopters within vehicle tracking and smart grid applications.

Importantly, CML’s diverse, blue-chip client base includes some of the world's leading commercial and industrial product manufacturers, and the spread of its customers and diversity of the product range help protect the business from the cyclicality usually associated with the semiconductor industry. Moreover, CML’s proprietary IP, reputation for quality and reliability, and single-source supplier status means that once its chips are designed in a client’s product then it rarely loses a contract given the significant product redesign required for the client to take its business elsewhere.

Furthermore, CML works closely with clients through the product development cycle, to reduce the time-to-market and de-risk the future sales cycle. Effectively, this ‘one-stop shop’ offering is an extension of the customer’s own engineering team. CML utilises a combination of outsourced manufacturing and in-house testing, employing 147 staff, of which 40 per cent are engineers, across operations in the UK, Asia and the US.

Currently, a high proportion of sales are derived from Professional Mobile Radios (the network of choice for the police, ambulance service, military and other critical infrastructure markets), and data-centric wireless applications (critical infrastructure, public utilities, smart grid). 5G infrastructure (base stations, small cells, distributed antenna systems) and satellite communications are a smaller part of the mix, but their contribution is forecast to ramp up in the coming years.

The secular growth drivers are driving revenue and profits upwards. CML has outperformed house broker Shore Capital’s previously upgraded full-year earnings estimates and is well set to lift pre-tax profit by 25 per cent to £2.5mn on 11 per cent higher revenue of £17.6mn in the new financial year. On this basis, the shares are rated on an attractive cash-adjusted forward price/earnings (PE) ratio of 15 and offer a prospective dividend yield of 2.8 per cent. A recently announced earnings accertive £3mn share buy-back programme is another bull point.

CML has hidden value in its balance sheet, too, owning valuable unencumbered investment property near Chelmsford as well as the old Microsense facility at Portsmouth which is let to a third party. These properties were last valued at £3.78mn, a valuation well underpinned by rental income of £0.34mn. In addition, the unencumbered property and 29 acres of surplus land at the Maldon headquarters has a £4.5mn carrying value, or less than half its estimated open market value.

I initiated coverage, at 400p, earlier this year (Alpha Report: ‘Profit from semiconductor megatrends’, 4 February 2022), and see potential for almost 50 per cent share price upside to my 550p target price. BUY.
Cml Microsystems share price data is direct from the London Stock Exchange

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