Cmc Markets Share Discussion Threads

[thelongandtheshortandthetall] 31/3/2022 13:13

Topped up :)

[ny boy] 31/3/2022 13:12

Just profit taking after a good run, nothing new, opportunities for dip buying if you are riding the recovery long term, same for PURP, FOXT etc

[thelongandtheshortandthetall] 31/3/2022 12:46

Saw this type of thing couple of years ago.
Preceded decent rises.
I know it sounds like bs but there you go. 👍

[isis] 31/3/2022 12:36

This is a hefty drop - what a Week!!

[mister md] 31/3/2022 12:35

bit odd - still, lowers the price of their share buy-backs ...

[dodger777] 31/3/2022 11:44

What’s happened here…bit of a drop

[thelongandtheshortandthetall] 31/3/2022 08:52

Thanks Tudes!!

[tudes100] 31/3/2022 00:08

Trading update Friday 8th April

[thelongandtheshortandthetall] 30/3/2022 15:57

They've put out trading updates around this week in previous years.. Perhaps one will drop soon :)
Should be good news due to extra 'war created' trading.

[undervaluedassets] 25/3/2022 09:15

If you have the cash flows it makes sense to buy back your own stock when your share price is low.

CMC had over £100 million in free cash flow in 2021.

Sensible strategy

[isis] 22/3/2022 20:26

Yep - definitely a very busy period. Heck of alot of share buybacks going on too.

[aleman] 22/3/2022 09:33

Stamp duty paid on UK share transactions rose from £252m in Jan to £592m in Feb. Last Feb was £279m. (Table PSA6D) It usually averages around £300m. I've gone back in the series to 2016 and it's the highest monthly figure. Basically, stamp duty paid on shares last month was twice normal. (March and April 2020 were £466m and £439m.) I don't know if it means anything but it stands out as being an unusually large figure.

[undervaluedassets] 21/3/2022 11:51

As far as I can work out the Australian non-leveraged business is valued at Zero which is absurd.

I know the leveraged business is unlikely to have a year like 2020/2021 but still, the undervaluation of CMC presents an opportunity.

[nigelpm] 16/3/2022 22:51

Correct. As you note really good timing.

[ricky46] 16/3/2022 22:47

Just a thought , Peter Cruddas is the main shareholder owning 60% equals 432 million pound of the market cap……..
Meaning these shares are tightly held, the buybacks will be coming from the shares he doesn’t own so other shareholders I’d presume, so it will reduce the free float by 30 million shares from the 290 million market cap that he doesn’t own unless he’s planning on selling his own stock which I can’t see!
I think there trying to raise the share price right up, ready to split the company up this year.
I might be wrong though

[nigelpm] 16/3/2022 19:43

Quite - always a good use of money when share price is cheap.

[sick of it] 16/3/2022 19:20

The share buybacks are great.
It’s boosts the esp, and puts buy presssure on the stock on daily basis

[aleman] 16/3/2022 07:20

IGG trading moderately ahead of expectations for FY according to its Q3 update.

[isis] 15/3/2022 16:01

I wonder if these are being dragged down by Tullet figures today? TCAP
Different businesses though.

[undervaluedassets] 11/3/2022 09:10

Are the traders and the spreadbetters back?

Of course they are.

[isis] 08/3/2022 21:00

Well if they make money from volatility they should be raking it in - just about everything is flying about.
Dow futures gone from +500 to -200

[aleman] 07/3/2022 10:03

VIX over 36 this morning. The elevated period of volatility continues yet the shares are close to 18-month lows?

[riverman77] 03/3/2022 13:11

You're looking at last year's earnings - these were a one-off and are expected to more than halve this year, so not quite as cheap as you make out (although I agree it does look good value even on lower numbers going forward)