Cmc Markets Share Discussion Threads

[its the oxman] 26/10/2020 08:37

Seems a good outcome in Australia, as expected and easy to introduce the same changes as have been applied in other areas.

[rolo7] 26/10/2020 08:02

Do you think the owner will off load some share as holds so many?

[dancing piranha] 23/10/2020 21:04

Frustrating here, but have continued to add, nevertheless. Sound business.

[gbh2] 12/10/2020 14:09

Yep should have read next Months:

[bamboo2] 12/10/2020 14:04

Think the results are next month.

Support at 318-326 before 307 approx imo

[gbh2] 12/10/2020 13:05

I'll be gone after next weeks results, this no longer inspires me.

[peddlers] 12/10/2020 13:02

GBH2 -There is always the possibility CMCX will be trading back to 300 again.
That IMO would present a good buying opportunity.

[gbh2] 12/10/2020 09:13

The problem here is a lack of deep pocket investment interest, looking more and more like a lost cause between results and updates imo.

[peddlers] 11/10/2020 16:55

The problem with shares like CMCX (shares that keep going up)is people think they have topped out and sell. Or worse try and short it, when in actual fact the share price is likey to keep going up.

[peddlers] 09/10/2020 15:41

Must admit I am tempted to add

[gbh2] 09/10/2020 11:27

Despite recent purchases I still have a +4% profit here so I'll wait and see what happens in the run up to results before deciding on whether to consider this a medium term holding or sell it off.

[its the oxman] 09/10/2020 08:17

Would be a nice move from 340s

[its the oxman] 09/10/2020 08:11

Trading is strong, think a break of 400p is coming once weak holders have finished selling. Nov results could be what it takes.

[beckaroo] 08/10/2020 22:22

These are some upgrades and another one today. Profit before tax forecasts doubled in the last 3 months. All looking good

July
As at 2 July 2020, the Group compiled Full Year 2021 consensus is as follows:
Net operating income of GBP245.9 million, ranging from GBP239.1 million to GBP255.5 million. Profit Before Tax of GBP85.2 million, ranging from GBP75.8 million to GBP93.5 million

Sept
As at 2 September 2020, the Group's compiled Full Year 2021 consensus is as follows:
Net operating income of GBP287.6 million, ranging from GBP282.4 million to GBP300.6 million; and Profit Before Tax of GBP122.8 million, ranging from GBP114.9 million to GBP137.0 million.

Oct
As at 7 October 2020, the Group's compiled Full Year 2021 consensus is as follows:
Net operating income of £329.9 million, ranging from £321.0 million to £348.7 million;Operating expenses (excluding variable remuneration) of £148.5 million, ranging from £145.4 million to £152.1 million; and Profit Before Tax of £159.6 million, ranging from £149.2 million to £175.3 million.

[smunro81] 08/10/2020 18:44

The figures themselves surpassed my expectations and before the market opened I was convinced it would have closed above 375p. I think there was a lack of clarity in regards ‘excluding variable remuneration’. That said the forecast pre tax profit of up to £175m takes care of any doubts I had about the remuneration statements. The market clearly isn’t recognising CMC for the cash machine that it is....and there must be a reason for it. Only thing I can think of is the worries about the market volatility easing and CMC earnings dropping as a result. It’s becoming clear this is a trading share and not a long term hold. Well for me anyway!

[dancing piranha] 08/10/2020 17:16

Didn't expect that today, disappointed to say the least.....

[gbh2] 08/10/2020 10:10

I'll keep picking up small amounts until it settles, it's all about the 19 Nov for me now.

[imastu pidgitaswell] 08/10/2020 08:58

It's difficult to say what future sustainable earnings will be, but on a multiple of around 8 for this year, they have a pretty low earnings basis.

Honestly can't say which way this will go. Gut says up, but experience of it says pullback.

[bamboo2] 08/10/2020 08:50

Chart again showing historical resistance.
Sold out for now.

[rolo7] 08/10/2020 08:46

Should of mentioned possible dividend increase....

[gbh2] 08/10/2020 08:45

Too many mentions of "(excluding variable remuneration)" putting folk off ;))

[dancing piranha] 08/10/2020 08:23

Patience...

[chessmaster10] 08/10/2020 08:19

hmmmm. strange price action.

[rolo7] 08/10/2020 08:18

So illiquid early am this share

[peddlers] 08/10/2020 08:11

With profit taking