Cmc Markets Share Discussion Threads

[brucie5] 10/2/2022 20:08

A bit confused: Stocko says divi of 5.21%, while the Financials on advfn give 13.61%...
Any guidance on this disparity?

[aleman] 10/2/2022 16:28

Well worth buying at this level. If interest rates keep rising, something financial will go boom when it's excessively speculative trading comes to light. The UK yield curve inverted a couple of days ago from 2 to 50 years. The B of E needs to start talking down expectation of multiple rate rises.

[undervaluedassets] 10/2/2022 16:19

Well the market clearly thinks that we are going to make the same profits as in 2016 (or even less) as this is where the share price is ... back at 2016 prices (in fact 20% below the 2016 price)

Those that start buying here or lower (it could go lower obv) should be well rewarded as the market is making a mistake and CMC will make much more money than in 2016. End of.

[rcturner2] 08/2/2022 17:25

Still on its way down here. I wonder if this will break 200p?

[dros1] 08/2/2022 17:23

general weakness in the sector IGG falling after record results

[isis] 07/2/2022 11:59

Bought a few - see what happens. ;)

[isis] 04/2/2022 15:51

My biggest worries at the moment is the massive bubbles out there especially in the US. So I'm looking for Dividend payers that can possibly rise 50-100% overtime and ride out any Storm.

[isis] 04/2/2022 15:31

These seem fairly cheap but not sure why. What is the cash position here?
Was thinking of buying a few as the Dividend looks safe for now. :)

[aleman] 04/2/2022 12:43

At 26, VIX remains moderately elevated and is looking higher in Q1/2022 so far than the previous 3 quarters.

[sphere25] 03/2/2022 14:48

200k @234p, 290k @234.25p

Teasing with little amounts but this company is hated by the market. There were some decent chunks exchanged around that 236p mark on the update too. I don't know if that is Blackrock continuing to close their short. They started covering on the 24th:



But clearly, in light of the volatility, the client base here must be...terrible? Or the volatility just isn't going to remain.

CMCX must be absolutely coining it in because I have put on a barrage of trades recently. I am cautious and aware of being whipsawed so others must have been absolutely going for it.

But it makes no difference here, so if volatility does settle down, this won't break higher and will be a fail. The other interesting thing is that the markets here and in the US are calling Putin a Puppy, a poodle of softness. They are dismissing him like your standard double ply roll of soft smooth bog roll.

I am not. It is surprising they are so sanguine about the threat and escalation so taking the cautious stance and positioned for any short term sell downs. Nothing wrong in missing abit on the upside (if that does happen) to avoid a clobbering on the downside.

Roll on more volatility!

All imo
DYOR

[aleman] 01/2/2022 09:07

This index says volatility is the highest since March 2020. Don't ask me what hidden volatility is, though. I've never heard the term before.

[aleman] 27/1/2022 15:51

That was supposed to be on EPS of 25p. Suppose it's 26p, given the confident update, then a 50% payout would be 13p.

[dodger777] 27/1/2022 15:20

A full year dividend of 10p ?!? That can’t be right surely, that’s only around 4% 🤔

[mister md] 27/1/2022 15:12

thanks Aleman

[aleman] 27/1/2022 15:08

10p dividend was predicted on £263m. Could be slightly higher, maybe?

[mister md] 27/1/2022 13:52

'-- Interim dividend of 3.50 pence (H1 2021: 9.20 pence) with a total dividend for the year expected to be in line with policy at 50% of profit after tax.'


are there any estimates out there for full year/total dividend expectations ?

[mister md] 27/1/2022 11:32

Been a long time since I was last in CMCX but have re-purchased a stake today - seems pretty cheap at these levels. Capital growth opportunity, dividends and who knows potential takeover candidate ?

[gbh2] 27/1/2022 11:17

Bought back in recently, pick up a few at the opening.

[kalai1] 26/1/2022 14:13

CMC Markets issued a trading update for the period 1 October 2021 to 31 December 2021, Q3 FY22. During the period CMC delivered sustained performance across both leveraged and non-leveraged operations, client money and assets under administration remain close to record highs. Monthly active client numbers remained at similar levels to those in H1 2022 and the Board is confident of achieving net operating income within the range of £250 million to £280 million for FY22 consistent with prior guidance. According to CEO Lord Cruddas, “The team is on track to launch our new UK investment platform in the first half of the calendar year." Valuation is attractive with forward PE ratio under 10 and the share price having adjusted lower to a softer FY22 post COVID lockdowns. Main cloud, share price lacks momentum for the time being, but looks to be in the process of putting in a floor following its H2 2021 adjustment lower. One to monitor for the time being....from WealthOracleAM

hxxps://wealthoracle.co.uk/detailed-result-full/CMCX/327

[farmers son] 26/1/2022 13:22

"the team is on track to launch our new UK investment platform in the first half of the calendar year"

this is quicker than i'd anticipated and will be interesting to see the disruption potential to the Hargreaves and AJ Bells of this world.

[doobz] 26/1/2022 11:51

Added this morn, all looks on track and still trading at a considerable discount especially considering volatility is back for the time being.

[sphere25] 26/1/2022 08:34

No problem sick of it.

Nibbled a few. Clearly alot going on out there. The DOW falls over 1000 and gets bought up, then it falls over 800 and gets bought so clearly very uncertain out there. Definitely the biggest test for a while.

Waiting for them to make their mind up to nibble a few more things over here but with the Fed, earnings and Russia still at play, alot to still consider so CMCX will act as a form of hedge...hopefully.

This quarter should be doing well but again, difficult to say what happens this afternoon let alone a month or two out. There are all kinds of contrasting opinions out there.

But let's see how it goes.

All imo
DYOR

[aleman] 26/1/2022 07:29

The Board is confident of achieving net operating income within the range of GBP250 million to GBP280 million for FY 2022 consistent with prior guidance.

Consensus says the cash balance is expected to rise to £157m, then $194m on 2022 and £237m in 2023. That's with the dividend rising from 10p to 12p to 14p. Are they going to keep hoarding it all? Also shares are getting very cheap versus the consensus target price of 371p. (6 brokers.)

[sick of it] 24/1/2022 22:20

Sphere25 - excellent post, thank you!