Cmc Markets Share Discussion Threads

[hamhamham1] 27/3/2024 07:09

RNS Number : 4175I
CMC Markets Plc
27 March 2024

27 March 2024

CMC Markets Plc



FY 2024 Pre-Close Trading Update

CMC Markets Plc ("CMC" or the "Group"), a leading global provider of online retail, institutional and B2B platform technology, today issues a trading update for the year to 31 March 2024 ("FY 2024").

Trading Update



Further to the trading update provided in January 2024, the Group now expects FY 2024 net operating income to exceed the top end of the previously guided range of between £290 and £310 million.



Following the strong trading performance seen in Q3, the positive momentum continued in the fourth quarter. We continue to see strength in the institutional and B2B business as the Group benefits from the long-term investments in this area. The Group also has a strong pipeline of B2B partnerships some of which are in the advanced stages.



From an operational perspective, development upgrades across platforms have continued as planned and in February the Group widened its trading offering with the rollout of OTC options. Following the launch of mutual funds in H1, SIPP accounts are set for imminent release on the Invest UK platform, as part of the ongoing enhancement of the long-term savings proposition.

[undervaluedassets] 21/3/2024 17:02

should fly now that markets have turned super bullish after the fed news yesterday.

Lots of rate cuts are signalled now.

Everyone will dive into the spread betting maelstrom now

[bookbroker] 09/3/2024 10:51

See another buyback here, with Cruddas still owning 40%, should give the stock a big lift.

[covid 19 deal] 03/3/2024 08:30

CMC Market simply Fraud ..they play with individual spread and trade against your position..they loan out your share holdings with them...very dishonest company..this company is full of lies..stay away.
CMC market has got no positive equity ..PE ratio of 47...NEGATIVE Equity...it will die off to other brokerage firms and market makers

[covid 19 deal] 03/3/2024 08:25

CMC Market will die off soon...there are much better honest brokers ...CMC is a dishonest broker..hence it will die off...Never use CMC market for trading...they are fraud

[hamhamham1] 14/2/2024 07:58

Nearly doubled me money here, hopefully 3-4 quid in a year or 2 after interest rates drop and I'm out.

[wynmck] 07/2/2024 09:10

RBC raise tgt to 190 (150)

[hamhamham1] 05/2/2024 19:34

A tad churlish to badmouth a share you were willing to hold recently, but coz you sold, and missed today rise, suddenly there's a problem with the business.

[hamhamham1] 05/2/2024 19:32

And there is the reason Jim for your snipey remarks today, you sold out before todays rise....

jubberjim8 Jan '24 - 09:21 - 1966 of 1988
0 0 0
enough for me

good luck those who stay onboard

[hamhamham1] 05/2/2024 19:30

Ahhh, gotta love the bitter and twisted who missed out on today's rise ;)

[jubberjim] 05/2/2024 19:20

I would theorise that sales are drying up hence the letting go off staff?

Very little interest to buy or sell from investors

But I wish you all good luck

All will be revealed anon

[aishah] 05/2/2024 14:42

The one-off cost is quite small at £2.5m, so only £12,500 each which suggests these were mainly on short term contracts. These presumably have ended now as new products and projects have been delivered.

£21m saving should be a real kicker in due course imo.

[thebears1] 05/2/2024 13:10

Because if you don't need the extra staff to drive the sales, then you don't need the extra expense Quite simple no?

[jubberjim] 05/2/2024 11:28

Good to see statement stating group is on track to deliver net operating income .

But if that is the case why the necessity to cut the workforce.

I don t think business is that good in line with other face to face deal broking companies.

Am not convinced so will stay out until results are forthcoming.

Good luck those that remain(?)

[ddubzy] 05/2/2024 10:11

Funny how Shore Cap have gone from SELL to HOLD today. Mmmmm, you dont say, bit late dont you think!

[hamhamham1] 05/2/2024 08:59

Lovely jubbly

[essential] 05/2/2024 08:41

Topped up this am on the update

[aishah] 05/2/2024 08:36

"Trading remains in line with expectations and the Group is on track to deliver net operating income of between £290-£310 million for FY24."

£21m annualised savings in FY25.

Above 200d SMA now with a peg of 0.4

[brucie5] 05/2/2024 08:29

Indeed. Now looks to be be breaking upwards.

[longwell] 05/2/2024 08:22

Going in the right direction finally. Good hold going forward with good dividend.

[brucie5] 22/1/2024 10:15

It seems so far to have held the level. So, hopefully, now preparing for next leg up?

[bookbroker] 16/1/2024 14:26

And nice to see them start a new round of buybacks at next set of results with share price where it currently sits.

[bookbroker] 16/1/2024 14:25

If they can control costs then this can easily get back to £2+, staff costs the biggest drag, seems that much of the expenditure on new products already capitalized.