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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Cmc Markets Plc | CMCX | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -9.00 | -3.31% | 262.50 | 16:35:20 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 280.00 | 263.00 | 280.00 | 262.50 | 271.50 |
| Industry Sector |
|---|
| GENERAL FINANCIAL |
| Top Posts |
|---|
Posted at 24/7/2024 09:01 by bigbigdave Trading update tomorrow |
Posted at 20/6/2024 14:15 by markbelluk FT / Investors Chronicle good article moves to BUY |
Posted at 09/5/2024 07:39 by bookbroker Australian Asset side of business will be the driving force here, coupled with cost reductions as stated by company. As long as things keep ticking here investors should see a nice dividend payout with improved earnings, and expansion into other markets. |
Posted at 05/2/2024 19:20 by jubberjim I would theorise that sales are drying up hence the letting go off staff?Very little interest to buy or sell from investors But I wish you all good luck All will be revealed anon |
Posted at 30/11/2023 07:39 by hamhamham1 Plenty of investors will be moving from sideline cash into stocks to ride this rally, could keep running into Jan/Feb IMO. |
Posted at 29/11/2023 09:36 by hamhamham1 The bolt of offerings and cross selling that companies like Interactive Investor and here, CMC Markets, offer to companies like Abdn and its peers are quite compelling IMO.And there's only a few decent local players that would be worth bidding for IMO, II is gone (sold at £1.5bn to ABDN), that leaves say IG (£2.6bn mcap) and CMCX (£250m mcap), and maybe IBKR ($32bn mcap - US listed though). |
Posted at 21/11/2023 07:28 by peddlers I personally think it's overdone.Buyers are now starting to come in. From a chart point of view, the weekly chart is completely oversold and is diverging, but it's the strength of the company Vs its current share price that really interests me. A market cap of £260M, very strong balance sheet, and the company has more funds than the market cap itself. As investors flow back into the markets , especially over the course of the next few months and beyond CMCs profitability will likely increase quickly moving forward. In addition, it's had ample chance to trade below 90p but its so far not dropping that far. It's only a matter of time before we see those shorts being covered and CMC surging higher P |
Posted at 06/9/2023 12:35 by brucie5 Though shares in CMC Markets are trading at their cheapest price in four years, it does not mean investors should be hunting for a bargain. Instead they should do anything but, according to analysts at Shore Capital, who declared the FTSE 250 stock as “uninvestable&Subdued market conditions and the costly diversification of the financial betting group, founded by the former Conservative co-treasurer Lord Cruddas, led to two bleak trading updates in July and August. In its most recent update CMC warned that revenues would be lower than the City expected because of fewer retail punters speculating on markets. Vivek Raja, a Shore Capital analyst, aired his frustrations about the group’s poor management of forecast expectations over the past year, arguing that “for an operationally geared business model, the negative impact on earnings has been dramatic”. The downgrade prompted Raja and his team to slash their full-year pre-tax profit forecasts by nearly 60 per cent to £22.7 million and cut total revenue estimates to £275.5 million. Investors followed Raja’s advice and sold, causing the shares to fall a further 4p, or 3.8 per cent, to 102½p. |
Posted at 06/9/2023 11:17 by spooky Classic example of traders following the trend and longer term investors focusing on value. Value investing has had mixed results this year. If you don’t have the patience then it will be tricky riding out the likely volatility. |
Posted at 14/6/2023 17:10 by lindowcross from the Times today:CMC Markets CMC Markets is failing in its fight to convince investors that heavy spending on expanding its trading platforms will generate sufficient payback, with the result that the shares have fallen by almost a third over the past 12 months after a series of profit warnings. Surpassing reduced financial guidance, downgraded most recently in the spring, hardly cuts it. True, net income was 2 per cent higher over the 12 months to the end of March, but that was driven by higher interest rates on client balances rather than greater activity on its leveraged trading platforms or investment across its stockbroking business in Australia. The number of active clients across both arms declined as investor confidence took a hit. Time was, choppy markets were a boon for leveraged trading businesses. The spread-betting specialist is ploughing cash into the launch of its investment platform and improving its leveraged trading business in the hope of gaining more institutional clients. Operating costs jumped by almost a quarter last year to £217 million, excluding variable pay, and are expected to nudge up again this year to £240 million. As well as building out the technology to handle trading in a greater array of instruments such as options and listed futures, it has also stepped up hiring. Pre-tax profits declined by just over 40 per cent to £52.2 million. The number of new staff being brought on is expected to peak this year; growth in operating expenses more generally is expected to slow from 2025. Whether an improvement in margins comes to fruition, and by how much, depends on the traction its diversification efforts get with investors. For its retail investment platform CMC Invest, that is difficult to judge: management has disclosed neither account numbers nor the level of assets on the platform. A three-year target to grow net income by 30 per cent by March 2025 remains in place, which will require a lot of heavy lifting over the next two years to achieve. Trading in the first quarter has already got off to a slow start, with activity down by 15 per cent to 20 per cent. Analysts at Shore Capital expect to downgrade their earnings forecasts this year by high single-digits. More could follow as the months progress. ADVICE Avoid WHY Income targets at risk from weak trading activity |
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