Cml Microsystems Share Discussion Threads

[apad] 18/12/2014 15:31

CML are survivors, r. I have known of them since Graseby existed (I think that was in neolithic times). Top class electronic engineers that impress me are impressed by them.
Their business is lumpy and depends on innovation and expertise in niches.
Having said all that I bought a small holding at exactly the wrong time and I do not properly understand their products and markets.
The reason I have stayed in is the management's track record.
Blind, bloody faith is no investment technique, however.
So, before increasing I need to understand them better, but I need technical help first. I must dig around
apad
Now as for cadmium-free, quantum, nanodotty, green, LED TVs - forget it, Plasma is the best of the last and OLEDs are the future of quality TV and new materials are the fastest way to Carey St.:-)

[roddiemac2] 18/12/2014 13:19

APAD,

More to the point what do you think of CML now ? I bought between 435p and 291.5p as they fell . I have confidence in the management here. I think they will pick up more new business in the next twelve months. That prospect , coupled with no debt and cash in the bank does not spell high risk to me.

[apad] 18/12/2014 11:19

I'm a nanodoubter as well :-)
apad

[adascogne] 18/12/2014 11:05

rod - ONJohn is doubting over on the nano thread

[roddiemac2] 17/12/2014 22:37

All the doubters have gone very quiet now. ---dewtrader , - ONJohn etc.

[roddiemac2] 04/12/2014 13:53

Agreement with ORBCOMM Inc.

CML will have 3 chips in each satellite launched . This is a significant agreement that will run for five years.

I will try to get more info. in due course.

[roddiemac2] 26/11/2014 19:00

RNS late today- I will attempt to check this out tomorrow.


Agreement with ORBCOMM Inc.

CML Microsystems Plc (CML), which designs, manufactures and markets a broad range of semiconductors, primarily for global communication and data storage markets, announces the existence of an agreement with ORBCOMM Inc. (NASDAQ: ORBC) for the development and production of a semiconductor chip-set including modem and RF functionality for exclusive use on the ORBCOMM next generation OG2 satellite network. The chip-set solution will be deployed within satellite communications devices for global machine-to-machine (M2M) applications and first production shipments are scheduled to commence in the coming months

[roddiemac2] 19/11/2014 22:43

Don`t be silly. Nobody knew in 2013.

Nigel Clark almost certainly did know before his last sale, which was to raise money for a retirement home.

George Gurry was not well in 2013 and died in October 2013 .

Hargreave Hale have increased their holding : a canny outfit. I have increased my holding recently.

[roddiemac2] 19/11/2014 10:00

Ronald Shashoua bought 2,000 at 273p. yeterday, bringing his holding to 145,500----not a large buy , but a sign of confidence . Ronald is not a young man.

[onjohn] 18/11/2014 08:49

PE too high on 20x

[pugugly] 18/11/2014 07:37

Results out



Much in line with forecasts but (imo) very much suggesting ex growth, or not growing as fast as expected.

Nices noises by management but no solid proof (imo) that if growth restarts it will be at anything like previous rates.

Still have to digest in detail but above are first impressions (e&oe)

[onjohn] 17/11/2014 11:22

if you're right Pug, then this is going to halve from here

[pugugly] 17/11/2014 11:09

or nervous selling ahead of the results - If results not better than expected could well be slaughtered - Forward p/w for this year still above 20 based on Edison forecasts (e&oe - subject to my maths)

[tiswas] 17/11/2014 09:53

Somebody knows something.

[dewtrader] 11/11/2014 23:08

another profit warning coming up maybe looking for 140p here

[bakunin] 05/11/2014 17:24

IC writes on 30 Oct:

"CML Microsystems (CML) makes microchips for the storage and wireless communication markets, both of which have weakened recently. And last half it lost a customer that accounted for about 10 per cent of its storage sales. Those factors explain why broker Cenkos is forecasting a 14 per cent slump in sales this year to £21m, and EPS more than halving to 13.2p. Furthermore, its shares trade at a toppy 22 times forecast earnings."

[tiswas] 29/10/2014 11:20

Hi roddiemac2

Starting to look like value again, a pe of 12 for 2016 based on the forecasts I am seeing which ignores the fact that 25% of the market cap is in cash.

Any word on how their markets are performing? Do you know what the value of the excess freehold property is and whether this is up for sale?

I assume no profit warning now if they are reporting in 3 weeks time but not sure whether I should press the buy button before or after the 18th.

Regards

[roddiemac2] 14/10/2014 15:52

Cenkos , the house broker, issued a note last week stating that they would expect management to reaffirm the consensus on the 18th. Nov. They also pointed out that the recent 6% weakening of the GBP/ USD since July is a clear positive, and that CML historically has been quite conservative in managing expectations.

The co. is currently in close period.

[roddiemac2] 08/10/2014 14:48

I am not aware of any impending negative news. I have a big holding here, and will probe further.

[pugugly] 08/10/2014 14:27

Anyone know if a SELL tip been issued ?

Still looks expensive on forcast 2015 eps of 12.3p Edison 10th June.

[tiswas] 08/10/2014 14:24

Ouch! Glad I am still watching.

[jamielein] 30/9/2014 12:04

I'm just watching on the sidelines. Would like to see some recovery before buying.

[pugugly] 30/9/2014 11:36

Anyone still following?

- Current year looks as though it will be horrible. Is the recovery Analysts are looing for next year realistic ?

Seems to me to be an act of faith to continue to hold - even more to buy.

Views?