"Trading remains in line with expectations and the Group is on track to deliver net operating income of between £290-£310 million for FY24."
£21m annualised savings in FY25.
Above 200d SMA now with a peg of 0.4 |
Indeed. Now looks to be be breaking upwards. |
Going in the right direction finally. Good hold going forward with good dividend. |
It seems so far to have held the level. So, hopefully, now preparing for next leg up? |
And nice to see them start a new round of buybacks at next set of results with share price where it currently sits. |
If they can control costs then this can easily get back to £2+, staff costs the biggest drag, seems that much of the expenditure on new products already capitalized. |
This is where we see whether it holds.
;) |
Lovely day today. |
Peel Hunt upgrades CMC after revenue hikePeel Hunt has upgraded the share-trading and spread-betting platform CMC Markets (CMC) after a revenue upgrade.Analyst Stuart Duncan upgraded his recommendation from 'add' to 'buy' with a target price of 140p on the stock, which was trading at 132p on Monday.The group upgraded its revenues for the year to £290m-£310m from £250m-£280m after a positive third quarter.'The increased revenues are a result of a greater contribution from the business-to-business and institutional business,' said Duncan. 'A large chunk of the incremental revenues will drop through, therefore earnings increase significantly.'He said the quarterly update illustrated the 'strong operational gearing in the model, and encouragingly the benefits starting to be realised of the investment made'. |
I'm waiting to add to my position as well.
I've been building it since 95p.
I was thinking I might be able to get some more at £1.20 but now I'm not so sure that it will pan out.
I need more of these.
P |
Just bought back in after selling into recent spike. Risk of course is that resistance at 200sma sticks, but I think it will push through shortly? Was hoping for a larger retrace, but never mind. The 2023 bowl goes up to 2.50 and that will do me! |
I will sell rhe 9the4 side of 400p. Once market action really ramp up again, could be as soon as 12 months.
Who knows. Or it may do nada? |
Good prospects and good yield.Definitely a hold in any balanced portfolio. |
I'm staying on board.
Will add if the opportunity presents
P. |
enough for me
good luck those who stay onboard |
I've had worse days :) |
Good news.
I'm glad I added.
I bet that idiot poster who was waiting for 70p feels totally stupid now.
P. |
Yup - that's a brilliant update. |
Largely fixed costs so profits rise sharply as operating gearing kicks in on rising trading volumes. Expect big upgrades to forecasts imo. |
Yup, 2 quid here we come!
(And I think within a month IMO).
GLA. |
Quite a big update in guidance
Trading Update
The Group delivered a strong performance in the third quarter of FY24. This was driven by an improvement in market conditions led by an increased contribution from the B2B and institutional business with the Group benefiting from the long-term investments in this area. As a result of this strong performance the Group now expects to generate FY24 net operating income of between GBP290-GBP310 million from the previously guided range of between GBP250-GBP280 million. |
Big jump. Can the shares follow? |
CMCX included in the 2024 list of Small Cap value and growth picks of 2 Stockopedia analysts. |
Lovely feel to the markets, next year might be a good'un.
GLA. |
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