Cmc Markets Share Discussion Threads

[nigelpm] 13/4/2022 07:54

What's the "wow" about?

[undervaluedassets] 13/4/2022 07:52

Re PLUS500. Wow.

[lcw888] 12/4/2022 07:48

A good trading update from Plus500 this morning. Bodes well.

[weemonkey] 11/4/2022 08:45

The great thing about spread betting companies is that they are "antifragile".

They are at their most robust and profitable in times of chaos and upheaval.

[undervaluedassets] 08/4/2022 16:45

Longwell. From memory, I think that is right.

"a record performance outside of the pandemic period"

That was the key takeaway for me from the update.

CMC was making good progress before the pandemic.. made insanely gargantuan profits (indeed, probably not to be repeated profits) during the pandemic; This due to everyone being sat at home and becoming stock market experts and spread betters. And now CMC has gone back to simply making good progress again after the pandemic.

However, this massive "hump" of profits during the pandemic has almost been held against the company as it has created an unmatchable comparable that has resulted in - IMHO - an unjustified 60% slump in the share price.

The key metrics and relevant comparables going forwards will be with the results after the pandemic compared with those before the pandemic.

[longwell] 08/4/2022 15:36

Dividend 50% of net profits I thought

[brucie5] 08/4/2022 14:58

Well be warned. I'm back in.
Brucie5 kiss of death.
;)

[dagoberia] 08/4/2022 12:24

There was no mention of the next dividend in the update or did i miss it? Or will they make an announcement in the future? Thanks

[aleman] 08/4/2022 10:10

Consensus for next 3 years was 10,12,14p when I last looked. Might beat 10p with the update showing profit at the top of the range, maybe? Also later years could go up a touch as forecasts were before buy-backs announced.

[brucie5] 08/4/2022 09:59

What doo you make the dividend here please?

[riverman77] 08/4/2022 09:44

Agree looks very cheap and good update, although I'm not sure about stripping out the cash/equity to form an ultra low PE - they need to hold a large amount of cash for regulatory reasons so unfortunately the vast majority of this will never be returned to shareholders.

[coxsmn] 08/4/2022 08:41

Looking good

[seball] 08/4/2022 08:24

Solid update. I have bought in here today. Undervalued imo Buy

[mister md] 08/4/2022 08:13

Seems the pre-update fears were unwarranted ? Decent update.

[ricky46] 08/4/2022 07:46

Yes I agree, I think we’ll be looking at between £90 and £100 million pretax profit, still has the pe after removing cash/equity on 3 to 3.5, that’s ridiculous.

[shanklin] 08/4/2022 07:25

Last year variable remuneration was £16.2m. You need to deduct something from the £107m for variable remuneration.

[ricky46] 08/4/2022 07:18

So we have a business here, that’s just made approximately - £107 million pre tax profit for the year with a market cap of £703 million, it must have a net total equity position of around £400 million which is cash and funds in guarantee deposits…̷0;……R30;. If cash/ equity is stripped out this has a PE of 2.8 ish

[bookbroker] 08/4/2022 03:47

Volatility will likely return with a vengeance, even if the FED flags it moves well in advance. With commodity prices fluctuating wildly, and indices likely to reflect tightening conditions in global trade it seems inconceivable that the melt-up will continue for much longer. Once the SPDR releases are exhausted oil likely to rise again, for instance. A lot of meddling going on!

[growthpotential] 08/4/2022 00:05

Yeh 290 down to 230 doesn't make any sense to me. Each day is accruing trading revenue, decent stock this!

[sphere25] 06/4/2022 15:16

What a nutty move.

We have had some calm very recently but there is too much going on out there for volatility to just disappear. It would be very surprising if we just continued with calm for the bulk of the year now.

Yesterday Brainard came out changing stance to make hawkish comments. There is talk that the FED could maybe reign in somewhere around $1 trillion to $1.5 trillion without causing a monstrous sell off in financial markets.

Do you ever pause a tad when you type the numbers these folk are sloshing about the place like it is confetti.,,

Anywho...

Maybe they do a trillion a year unwind but how they manage to do everything and not cause volatility along the way is too much of a long shot. That is without mentioning the other issues out there. The US sold off a tad on that yesterday with a further slight move down today. The DAX looks like it might be rolling over again. Clearly the energy sanctions will be a swing factor.

Without posting ten pages here....

I can't see how CMCX doesn't at least hit their numbers and bounce back from down here, starting with this Friday.

All imo
DYOR

[doobz] 06/4/2022 12:35

If you look at the uptrend starting in July2020, you can see this has been prone to fairly aggressive pullbacks. As long as it doesn't come back through the lows after the last poor announcement (210ish level). Still disappointing share price for now

[dodger777] 06/4/2022 11:42

I noticed the amount they bought yesterday was very low

[bookbroker] 06/4/2022 10:44

Bet they are struggling to buy back stock, Cruddas owns such a large stake that surplus difficult to sweep up.