Cigar O'clock me thinks... |
Let me know when it's 5 quid again ;) |
They were only supposed to blow the bloody doors off!! |
A fantastic statement! |
That's a flyer on results like this |
Up we go.
Ahh remember back in early November??. |
 RNS Number : 4175I
CMC Markets Plc
27 March 2024
27 March 2024
CMC Markets Plc
FY 2024 Pre-Close Trading Update
CMC Markets Plc ("CMC" or the "Group"), a leading global provider of online retail, institutional and B2B platform technology, today issues a trading update for the year to 31 March 2024 ("FY 2024").
Trading Update
Further to the trading update provided in January 2024, the Group now expects FY 2024 net operating income to exceed the top end of the previously guided range of between £290 and £310 million.
Following the strong trading performance seen in Q3, the positive momentum continued in the fourth quarter. We continue to see strength in the institutional and B2B business as the Group benefits from the long-term investments in this area. The Group also has a strong pipeline of B2B partnerships some of which are in the advanced stages.
From an operational perspective, development upgrades across platforms have continued as planned and in February the Group widened its trading offering with the rollout of OTC options. Following the launch of mutual funds in H1, SIPP accounts are set for imminent release on the Invest UK platform, as part of the ongoing enhancement of the long-term savings proposition. |
should fly now that markets have turned super bullish after the fed news yesterday.
Lots of rate cuts are signalled now.
Everyone will dive into the spread betting maelstrom now |
See another buyback here, with Cruddas still owning 40%, should give the stock a big lift. |
CMC Market simply Fraud ..they play with individual spread and trade against your position..they loan out your share holdings with them...very dishonest company..this company is full of lies..stay away.
CMC market has got no positive equity ..PE ratio of 47...NEGATIVE Equity...it will die off to other brokerage firms and market makers |
CMC Market will die off soon...there are much better honest brokers ...CMC is a dishonest broker..hence it will die off...Never use CMC market for trading...they are fraud |
Nearly doubled me money here, hopefully 3-4 quid in a year or 2 after interest rates drop and I'm out. |
RBC raise tgt to 190 (150) |
A tad churlish to badmouth a share you were willing to hold recently, but coz you sold, and missed today rise, suddenly there's a problem with the business. |
And there is the reason Jim for your snipey remarks today, you sold out before todays rise....
jubberjim8 Jan '24 - 09:21 - 1966 of 1988
0 0 0
enough for me
good luck those who stay onboard |
Ahhh, gotta love the bitter and twisted who missed out on today's rise ;) |
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 |
The one-off cost is quite small at £2.5m, so only £12,500 each which suggests these were mainly on short term contracts. These presumably have ended now as new products and projects have been delivered.
£21m saving should be a real kicker in due course imo. |
Because if you don't need the extra staff to drive the sales, then you don't need the extra expense Quite simple no? |
Good to see statement stating group is on track to deliver net operating income .
But if that is the case why the necessity to cut the workforce.
I don t think business is that good in line with other face to face deal broking companies.
Am not convinced so will stay out until results are forthcoming.
Good luck those that remain(?) |
Funny how Shore Cap have gone from SELL to HOLD today. Mmmmm, you dont say, bit late dont you think! |
Lovely jubbly |
Topped up this am on the update |
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