Nothings ever nailed on. |
250p (chart support) looks nailed-on short term. |
Starting to get back into buy territory, after perhaps getting a bit ahead of itself earlier in the year. I still think the H1 results were a little underwhelming (if you look past the headlines and drill into the detail) so will just monitor for now. Remember that interest income of £23m in H1 made up almost half of their PBT - with global rates coming down I suspect this particular income stream may have peaked. |
How can this be back to 260p. Crazy times. |
I'm looking to open a position here but.....
The recent interim report produced lower results compared to the trading update from October. H1 income should have been £180M but was only £177M, H1 profit was supposed to be £51M but came in at £49.5M but on the positive side, Charges were supposed to be £113M but came in at £111M. Over such a short period between the 9th October update and the interims on the 21st November, the figures should have really been the same especially as the period in question was the half year to the 30th September.
Full year income is estimated at £333M which means the 2nd half will be £156M compared to the 1st half of £177M whilst charges will be £225M for the year equating to £114M for the 2nd half. Therefore, I see the 2nd half being lower in profits with lower income and higher charges than the 1st half.
I can't quite get my head around the Strike X write-off despite the continued support and saying it will do well! Confusing. Any comments welcome |
Yes well up against a weak H1 24 but down quite a lot versus H2 24 (which admittedly was exceptional so perhaps not expected to be repeated). I suspect market was hoping for a beat rather than in line, and that's probably another factor. |
The whole year says in.line..Come on...what have I missed..CMC MARKETS PLC("CMC" the "Group" or the "Company") Q1 2025 Trading Update Q1 performance in line with expectations.On track to achieve net operating income of between £320-360 million. |
The whole year report was quite striking.. before tax margin % is calculated as profit before tax as a percentage of net operating income. Financial Highlights· Net operating income of £177.4 million, up 45% year-on-year (H1 2024: £122.6 million), reflecting continued growth across the institutional segment and an increase in client trading activity.· H1 2025 trading net revenue was £131.3 million, up 50% year-on-year (H1 2024: £87.4 million) with strong performance across both our institutional and retail segments.· Investing net revenue was £19.9 million, up 19% year-on-year (H1 2024: £16.8 million), driven by a strong |
I don't think the sell off was entirely due to the write down - in my view more to do with what looks like a loss of momentum (trading revenue in H1 was well below H2 last year). |
I bought some of these as the drop didn't make sense at all. Write downs is normal in a business. Once we get through the 3 pounds mark then 320 or so has to be within very east reach and quite quickly.For those buying the dip, a great opportunity. |
 Shore: CMC needs to communicate its strategy
CMC Markets (CMCX) has established impressive business relationships, but Shore Capital says the market won’t get behind the share-dealing and spread-betting company until it communicates a monetisation strategy.
Analyst Vivek Raja retained his ‘hold’ recommendation but cut his ‘fair value’ target price to 280p after half-year figures on Friday. The shares rose 3.4% to 273p, recovering some of their decline on results today. This year the shares have soared 158%.
‘CMC has proved its technological competence amply, having secured impressive business-to-business relationships over the years with the likes of ANZ Bank, and more recently Revolut and ASB Bank,’ he said.
However, he said the issue has been about how the company ‘communicates monetising these relationships in a way public markets can sustainably get behind’.
This has created significant share price volatility and ‘sharp earnings upgrade and downgrade cycles in the past two years’.
‘Furthermore, in our view, limited disclosure pertaining to the core trading division reduces forecast confidence. Until these situations improve, we are unlikely to be able to recommend CMC’s shares,’ said Raja. |
Added too. Crazy not to at these levels. |
Added this morn |
Think this drop in share price will be reversed very quickly. |
Yeh, they've written off 2.5 million investment, not significant at all |
This article - I dont see why this matters.
hxxps://www.financemagnates.com/forex/brokers/cmc-markets-wrote-off-28m-investment-in-blockchain-firm-strike-x/ |
Any thoughts on this(?) |
Reason for weakness?
At CMC Markets, we are proud to partner with StrikeX, a dynamic and innovative leader in blockchain technology. We believe strongly in their vision and the transformative potential of their solutions, including advancements in self-custody, tokenisation, and blockchain infrastructure through StrikeX Labs.
We would like to address a recent news article which misrepresents our commitment to StrikeX and its strategic objectives. The write-off of our initial investment is purely an accounting decision and does not reflect our belief in StrikeX's technology or potential, nor does it indicate any change in our partnership.
On the contrary, we continue to integrate StrikeX's services into our offerings and see our relationship deepening further as we collaborate on Web 3.0 developments. The team at StrikeX has made tremendous strides in this fast-paced industry, and we remain excited to grow alongside them, supporting their mission to reshape the future of finance.
CMC Markets is committed to fostering innovation and partnerships that deliver long-term value, and StrikeX remains a key part of that vision. |
Crazy, this will get moved to US listing as UK is not rewarding its success and prospects |
Market makers playing games shaking people out |
‘Bonkers reactions’ lead to brilliant opportunities , same with PAY yesterday, watching carefully. |
Looking at the chart, 254 could be the next support |
lots of stale bulls who have been stuck in this range-bound trade for the last six months crawling out.
I think that they are making a mistake as the results were good.
However, the market expected slightly more from CMC given the previous update.
Very technical fall that could yet fall further |
Totally bonkers reaction to an in line interim result. It’s starting to become almost impossible to hold shares medium to long term in any company on UK exchanges. 20% profit gone in the blink of an eye from what I thought a very good H1. |
Market no likey |
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