The update couldn't have been the only reason for the drop. Igg and plus also suffered. |
The share sort of did the same thing in early 2023 I can remember the price was around 220 ish then in the next trading statement had a slow February and march and the shares just dropped.
I'd say the business model is far better now and they have loads of cash.
Hopefully the price might bounce back a bit, seems too cheap and the markets have been volatile this month so should be raking it in. |
seems a big drop on not a lot of volume |
Shore Capital analyst Vivek Raja said: "The share price has been strong over the past couple of weeks, so to the extent the market was expecting a more positive trading update today (perhaps more news on how the Revolut partnership has progressed), we could imagine weakness today." |
Wowzers...The UK really isn't a great place to list |
Well when the guy that runs it, is the majority shareholder. A brief trading statement makes no difference to there knowledge. |
Can anyone predict the bottom? What a dreadful update. Nothing bad but so little information. Their information provided for their shareholders was rather non existent. Tempted to dip a toe but I think i'll wait a few days |
Crikey some fall, remarkably one I sold near the top.
Wish they were all like that! |
Change in price, given such relatively small volume is impressive. |
Anyone brave to buy here? |
Their track record not great either - remember profits and share price pretty much collapsed a couple of years ago. Not enough visibility for my liking. |
Actually if you look at Jan2024 and Mar2024 they give some underlying performance flavour. This is a one liner and rightly or wrongly breeds uncertainty that they are trying to manage an issue or performance. Better to say nothing sometimes. One for the traders only IMO. The quality operator is PLUS, look at their TU disclosure and they are cheaper than CMCX |
Given my shares back at 242p, the price I bought them at. Went for a ride!
Hindsight...shouldda lobbed some higher....should coullda wouldda...
Didn't think it would be this basic and cloudy. This is one for the traders. Should have traded it rather than seen it as a form of protection from recent volatility.
It still looks cheap. Suspect the market has been abit blindsided by the lack of detail there and unknown cost amounts.
Let's see where it settles. It really needs to hold 240p.
The funds will be on the phone getting more.....colour....as they say. We just sit and wait. Then they'll work out whether this is overdone.
All imo
DYOR |
Uninspiring in line but expect it will recover back some ground over next few days. |
I think that confirms CMCX as the duff operator. Short and sweet - no detail. Opens at 277p and plunges to 235p and now we're sat at 239p. Make your mind up. I hung on..should have lobbed some yesterday!
Hindsight stuff.
They're in line but yeah no real detail and how big are those variable costs?
As far as in line statement goes, that is a duffer.
All imo
DYOR |
Would agree with that, very vague |
Very poor update - you need to make some sort of effort to keep shareholders informed. |
Not enough to sustain the rise |
Rns is brief and to the point! |
 Where is that double cheeseburger flavour milkshake slurper gone - the one who sticks all the sell orders into the market to keep CMCX down?
Better get back to your desk sunshine and pound the bid or CMCX is about to make another bullish move here with the price at 262.5p.
There is enough movement under the surface. You get enough share relief type bounces like RCH yesterday and AWE today. They can be sharp because the market is fearful of downgrades out there. There are more shorts active in some of the shares I am watching too so you can further movement.
Traders galore in mega risk VCP. Struggling with that key 130p mark right now.
Trump is causing various movements with the likes of VLX trying to work out how the tariffs are feeding into the situation. It is bad...no it is okay....now it is less than bad? Shorts in there as well
AGFX pinging about as the market tries to see if that key 40p mark can be breached.
CBG and STB moving on a big headline. Will it hold the gains or more volatility today? VANQ has caught the eye - will buying coming in there?
I am active so traders must be active.
There is a little insight.
Anyone could bang on and mention this and more.
Get me tah pence worth in again.
Are people going to bank some here or go for gold with abit more ahead of the statement on Thursday.
I'm hanging on - they must be in line.
Can't delay like this and warn.
Surely not...
Surely..
Shirley
All imo
DYOR |
PLUS partially hedge, but more at an aggregate level rather than hedging each individual position. Not true to say they don't hedge at all and take on all the risk. |
Wonder if there is some read through from PLUS. Price is just farting around 240p, waiting for the update. I know PLUS don't cover their punters risk...they take the whole lot.
You have gone very defensive there JohnDoe23. My moves are precautionary just to make sure that bonds don't spiral higher here and we get bigger plunges.
Good news yesterday though, bond king Rick Rieder of BlackRock pretty much calls a top in US yields at around that 5% mark. He said they would be attractive there and signaled a top. So watching to see if things do calm down with yields topping out.
Other reputable commentators are calling the short trade in US bond yields getting exhausted around that 5% level too. These folk are the experts. I don't know if that is a psychological congregation, but if the US settles down, then at least they won't affect our yields. Then it is over to our dream team to calm the markets.
No big spiral through 5% means we can all go back from the possibility of an extra terrible market to just a terrible market. It won't be a stock market, but a market of stocks imo.
People can hone in what they think is attractive longer term, shorter term, takeover targets?, what isn't going to warn on profits and so on....without that worry of a bigger crisis.
Still don't understand why this isn't moving in line with IG and PLUS.
Is there more skepticism on the trading update or less confidence in managing extra costs?
They are both flying.
It is still pants overall out in the market, but we wear the pants that are given.
All imo
DYOR |
PLUS ahead, probable read across here. |
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