Cmc Markets Share Discussion Threads

[aleman] 23/9/2023 10:34

As a holder of all three on and off, I'd suggest CMCX is higher beta - more likely for a bigger loss or gain, depending on how volatility goes, and maybe the type of volatility. I suspect CMCX could offer a bigger payback if there were to be a lot of volatility in coming months and the other two might do better if volatility were to remain subdued or fall further. I'm curious if others tend to agree with this?

[coxsmn] 23/9/2023 09:29

market leaders Igg and plus are far better buys based on any metric, all imho

[jubberjim] 23/9/2023 07:09

Still quite a way underwater on Tcap

But nothing ventured nothing gained

All the best

[brucie5] 22/9/2023 17:05

Good luck with this, Jubber. My own view was that it was heavily oversold at £1, but mainly on a technical basis. It could go another 10% higher without challenging the 50sma.

[jubberjim] 22/9/2023 16:31

Couldn't resist

Sold some tcap bought this one

Off we go

[aleman] 19/9/2023 14:08

Hopefully the book value of the shares is supporting the price until some better news can come along. Book value less intangibles is about £340m.

[hamhamham1] 19/9/2023 13:30

200p in a couple of year here IMO.

[hamhamham1] 15/9/2023 11:52

I couldn't help but buy at these prices, time will tell, gla.

[hamhamham1] 15/9/2023 11:25

Interesting that IG earnt £34m in last 3 months just from interest on customer deposits, the difference between what IG earn and what they pass on.

[i like beer] 14/9/2023 23:33

I hadn't noticed they have an app for ISA and GIA before. More than 50k downloads on Google play.

[brucie5] 14/9/2023 12:36

Repeated attempts to break the £ level..reminds me of Vod at 70p.
Sometimes, if looks like a duck, flaps like a duck, squawks like a duck.. it's a bottom...
;)

[brucie5] 06/9/2023 16:51

Tentative support. We'll see what tomorrow brings.

[ricky46] 06/9/2023 16:22

Just looking at these-
So the share price does not cover the total equity which means the price is a give away.
I used to own quite a lot of these but I sold out when profits started dropping and I didn’t like the out of the blue horrendous trading statements.
What do people think of the variable remuneration it’s £16 million even when the last years profits dropped, if that wasn’t there it would have that in extra profits, surely the management should only get them bumper payments if they hit or exceed original profit forecasts.
I think costs have gone up far too much based on turnover forecasts.
They had a big boost in covid but I think a lot of that was based on the black swan events and I also think they made a load on crypto currency trading from private traders which got stopped being able to trade unless they were classed as professionals.
Not sure these will get back to the £100 million pound profit mark anytime soon… or even hit there own expectations, they only need to make a small profit though and not break into there cash reserves to make these a steal, just wish this company would run it for all shareholders and not just the executives who get them bumper variable pay packets.
What a waste of money the buyback was too but hey ho

[brucie5] 06/9/2023 13:41

Arja, Spooky,
Yes to the above; and there will surely be a moment when the share price turns towards fair value. At these prices my inclination has been to stick a toe in the water. The fall from grace has been precipitous, as stated in the article above, and markets like these are punishing disappointment. If it breaks below £1, there might indeed be a further fall, which I might well use as a last top up, below which, an absolute stop-loss.

[brucie5] 06/9/2023 13:35

Though shares in CMC Markets are trading at their cheapest price in four years, it does not mean investors should be hunting for a bargain. Instead they should do anything but, according to analysts at Shore Capital, who declared the FTSE 250 stock as “uninvestable” yesterday until they see a “sustained improvement in revenue trajectory.”

Subdued market conditions and the costly diversification of the financial betting group, founded by the former Conservative co-treasurer Lord Cruddas, led to two bleak trading updates in July and August. In its most recent update CMC warned that revenues would be lower than the City expected because of fewer retail punters speculating on markets. Vivek Raja, a Shore Capital analyst, aired his frustrations about the group’s poor management of forecast expectations over the past year, arguing that “for an operationally geared business model, the negative impact on earnings has been dramatic”. The downgrade prompted Raja and his team to slash their full-year pre-tax profit forecasts by nearly 60 per cent to £22.7 million and cut total revenue estimates to £275.5 million.

Investors followed Raja’s advice and sold, causing the shares to fall a further 4p, or 3.8 per cent, to 102½p.

[spooky] 06/9/2023 12:17

Classic example of traders following the trend and longer term investors focusing on value. Value investing has had mixed results this year. If you don’t have the patience then it will be tricky riding out the likely volatility.

[arja] 06/9/2023 09:32

Aleman ,
re, your question, it can make sense as nobody knows the bang up to date situation and if any shady events going on which are against shareholders interests. I recall it happening a few times in OZ but probably CMC has directors with some integrity as was NOT the case with some cowboys running aussie companies :)

[arja] 06/9/2023 09:10

chartwise it looks dreadful and seems to be heading for the 75p support level it hit in 2019 . Must be really bad management as surely their spreadbet and CFD business is like printing money and they never lose .

[ny boy] 05/9/2023 18:31

Next few months are going to be extremely challenging the markets are divided, volatility straigh ahead,I will look at equities when a clearer picture emerges, no rush to buy any equities at present, not when you can get attractive rates in fixed income, around 5%.

[brucie5] 05/9/2023 16:51

Might they be trying to get clients in...? Perish the thought.

[aleman] 05/9/2023 16:47

How can Shore set a target of 75p/£210m for a profitable company when book value less intangibles is £339m and £321m of that is net current assets which should convert to cash if business slows? It makes no sense.

[brucie5] 05/9/2023 16:42

Hardly believed it would get to this point - but it virtually has! So picked up a few at just over £1.
To judge from the chart it now has few followers.
Yet Stocko gives it a 97/93 for Quality/Value with two decent screens.

It could of course go lower, but in my experience there's not infrequently support to be found after a precipitous decline to the £ level, unless of course there's something seriously wrong.
:(

If there is, I haven't seen it.

[dros1] 05/9/2023 15:42

but Peel Hunt cuts CMC Markets to 'add' (buy) - price target 140 (285) pence

[jimbo123elf] 05/9/2023 15:28

Shore Capital downgrade to sell from hold. 75p price target from 155p

[bookbroker] 05/9/2023 08:46

If you are smart enough, and have the ability to trade ten’s of thousand times a day.