Cmc Markets Share Discussion Threads

[dancing piranha] 28/7/2022 16:02

Made some good profits from this is the first half of 2021. Unfortunately, gave it all back, later that year, and some!

Lost trust since.... and no wonder why!

[bookbroker] 28/7/2022 12:55

Likely not, will wait for corporate action and the departure of Cruddas. His holding is the key to the cos. future, and his exit altogether.

[coxsmn] 28/7/2022 12:53

Put your money in igg instead dyor

[bookbroker] 28/7/2022 11:39

Cruddas should find an outright buyer or take it private, it has a developing fund management arm, and that is the future. I use their spread betting services, it is just fine, but clearly with regard to the business there are too many clangers. He is supposed to be a City bigwig, so understands how the market reacts to poor news. Maybe he is wealthy enough not to worry, but other institutional investors should start kicking him in the shins to obtain the best outcome for other investors.

[kinwah] 28/7/2022 11:27

Interesting regarding staffing costs. I've noticed IG seem to have been recruiting account managers who must be on cheaper salaries in the same way that banks have been doing for years. UK software developer salaries are rising at over 20% per annum due to fewer EU workers over here now and massive demand for a small pool of talent.

[bookbroker] 28/7/2022 09:52

I imagine that further costs have been accrued as a result of the progression in the development of the Australian and New Zealand Fund Managemnt arm. Clearly there is increased inflation in staff costs and likewise third party costs relating to outsourcing software packages, etc. maybe you are correct above to some degree in the above statement, but everywhere pressure on staff costs are rising in the technology sector it would appear, and they likely recruiting staff on higher packages. Imagine these costs are simply being factored in to keep the market informed, but he did remark that business has remained robust so hopefully costs can be mitigated to some degree.

[pj0077] 28/7/2022 09:42

Seven weeks ago, CMC reported their y/e March 2022 results with an operating cost outlook of GBP205m.So it would appear inconceivable that the cost outlook has increased by GBP10m in such a short space of time - not unless the CFO missed a line in his spreadsheet.The reality is that CMC doesn't fully hedge it's risk exposure (unlike IG) - CMC rely on a 'black box' piece of software to do the hedging, and it would appear that the hedging has gone awry in the last 7 weeks.Mr Cruddas spoke of being around for another 10 years at the time of the last results, so I doubt there'll be any major Board changes in the near term. But I'd question why the company needs a listing. In the six years since IPO, there's been zero Equity issuance, nor has Cruddas reduced his holding, which I assumed was the reason for the listing in the first place?

[babbler] 28/7/2022 09:05

IGG mcap 3300m. CMCX mcap 720m.

[bookbroker] 28/7/2022 08:54

Cruddas has to seriously consider offers for this business, and get on with the split, no good jaw-boning the whole time. There is value here with the non-leveraged side of the business developing, time to press the starting gun.

[riverman77] 28/7/2022 08:42

No idew why anyone would invest here when IG is available at a cheaper price and much better company.

[bookbroker] 28/7/2022 08:40

Trading performance must have been good, but clearly retaining staff has meant higher salaries, and outsourcing software personnel likewise. Not a lot they can do to mitigate some of these costs when they are developing the asset management business. Irritating nonetheless.

[bookbroker] 28/7/2022 08:25

Ur right there, Cruddas is simply past it.

[dancing piranha] 28/7/2022 08:16

Never fails to disappoint!

[brucie5] 25/7/2022 12:35

Gap back to 5 hoves into view once again. Not sure how reliable though, given reaction to last statement.

[wynmck] 21/7/2022 12:02

IGG doing well on results today-should be t/s here with AGM next week 28th

[aleman] 13/7/2022 17:02

Ex-dividend tomorrow. 8.88p will be paid to today's holders on August 11th.

[aleman] 05/7/2022 15:54

Vix pushing 30 again. Vix in Q2 has been the highest 3-month average period since 2012, with the exception of the Covid onset, and it benefits a little from an extra boost of hedging some clients long positions itself in the short term when markets go down. And yet , today, the shares fall again when it looks like they are even more likely to significantly beat forecasts. Don't ya just love UK stockmarkets ...?

[isis] 29/6/2022 08:42

For some funny reason the News Feed RNS appears on this thread but does not appear on the Live
Streaming screens as it should. ADVFN problem it seems, others are appearing though. DLG are doing a buyback - no problem there.
Not good as I pay premium too, I wonder how many RNS's are missing - anyone else having this problem?

[isis] 28/6/2022 16:32

Calm down! lol
for some reason they weren't appearing on my News Feed but I can see them here. :)

[bookbroker] 28/6/2022 11:23

What you on about, talking gibberish, buybacks are running until end of June, and maybe extended. Read the Regulatory News, as for IT. investment you must be plucking numbers out of your bizarre imagination! Expenditure is not much more than last year and year before that, it is not additional to what is already being spent, are you actually reading the reports.

[isis] 28/6/2022 10:33

The buybacks seemed to have halted. It seems a heck of alot of money (£200m) to be spending on new IT systems given the market cap and there are so many others out there. I more worried that the daytraders/spreadbetters will dry up and not enough to go round between them. Most of them lose money but they must have a limit (scuse the pun) ;)

[riverman77] 20/6/2022 15:14

If the non-leveraged business means competing with the likes of Hargreaves, AJ Bell and a multitude of other providers then this looks a very crowded space. IG have actually gone into this space too but haven't made much headway.