Cml Microsystems Share Discussion Threads

[vanilla] 19/11/2002 09:53

I dont own these but have been monitoring them for a while, preferring to wait until these results were out before I made any move.
The results are frankly terrible and the Chairmans statements admirably blunt in its downbeat tone. However, I would note that this company remains financially very strong, despite todays results. If you believe in the medium-long term potential for them to recover their position in the market I think this could be a good bet once this fallout has run its course.
Vanilla

[oaklandsway] 19/11/2002 08:12

might hit 50p as it may need nine months to recover if lucky.

[madasafish] 19/11/2002 08:09

Terrible results
LONDON (AFX) - Telecoms chip maker CML Microsystems PLC warned it will
probably post a loss for the current year to March as it unveiled a sharp fall
in pretax profit for the six months to September on the back of a 30 pct drop in
turnover.
Pretax profit dropped to 222,000 stg from 2.37 mln a year earlier as
turnover fell to 6.88 mln stg from 9.79 mln.
"The results for the six months... are broadly in line with market
expectations, but disappointing compared with our earlier internal forecasts for
the group's principal trading markets," said chairman George Gurry.
"My expectation is that overall group trading will get somewhat worse before
it begins to improve, and it will be challenging for CML to avoid reporting a
loss for the current year to end 31 March 2003."
[e-mail]

[panagos] 19/11/2002 07:57

GOOD THING I DIDNT TOUCH THIS ONE

[avoint] 18/11/2002 17:39

Their Sales Director joined the competition so that probably had an impact.CML make chip sets for wireless applications.Personally I would not buy unless the results are very good.I know the company very well !

[oaklandsway] 18/11/2002 17:32

panagos, you are here mate. I will read the result tomorrow.

[hugepants] 18/11/2002 05:42

Frapnid

I agree looks good value. However last results flattered somewhat by strong performance in the first half. They were loss making second half.

Balance sheet looks strong. Any idea what the 9M tangible assets comprise? If a significant part is freehold property then a nice bonus.

Pants.

[panagos] 16/11/2002 23:26

You might be right, it's quite high risk though......

[frapnid] 15/11/2002 10:32

Price 120-130p
Net cash per share 56p
Yield 16%(!)
NAV 141p
Historic PE ~10

Make widgets for telecoms, so not exactly flavour of the moment. But have weathered the storm quite well - a profits warning earlier in the year got them caned and have drifted further since although now off lows.

Second half of last year saw the big drop in profits, but things seem to have recovered somewhat since.

Results next Tuesday (19/11) will, I'm hoping, reinforce the 'our heads are above the water' position and hold the divi. If so its well undervalued I reckon and they'll trot back to 160/170 sharpish...

On the downside good support from nav, divi and cash.

Any opinions? Of course DYOR...

[avoint] 01/5/2002 21:40

Other wireless players making better products?

[gbushfield] 27/2/2002 16:02

CML MICROSYSTEMS PLC ("the Company")

DIRECTOR'S SHAREHOLDING
The Company was notified today that on 27 February 2002 Mr Nigel G Clark, a
director of the Company, purchased 5,000 ordinary shares of 5p each in the
Company ("Ordinary Shares") at a price of 160p per Ordinary Share. Following
this acquisition, Mr Clark's beneficial interest in the Company's issued
ordinary share capital has risen to 98,811 Ordinary Shares representing 0.68 per
cent. of the Company's total issued ordinary share capital.
27 February 2002

[gbushfield] 27/2/2002 11:05

Seem to be over sold as statement says lower profits not no profits
for the year.

[mitzis] 27/2/2002 09:24

Why the big fall?

[jfmullins] 17/11/2001 16:20

What do we expect on Tuesday when results announced. Any ideas? IT hardware dealing semiconductors. This has come off its lows from to 460 over the past few weeks and now stands at 495p. Could this be similar to ARM or Dicom that has also done well recently!

[mac] 27/6/2001 16:14

Prudential sold!
Eaglet sold a couple of weeks ago.

What next?

[rochester] 08/6/2001 15:20

Has anyone idea what is happening here? Three large trades all delayed sell marked today but the bid is steady, offer up 5p. Results out next Tuesday 12th.
PTP consensus £4.93M

[dublin] 05/3/2001 10:46

How much farther to go before buying is an option.

Any comments would be appreciated

[nulliusinverba] 02/3/2001 23:12

Might be what you say, 'stonking stock' but look at the sector it is in, SEMICONDUCTERS, You cant buck the market, (sentiment) Time to sell? Pick some up another day. Great Company though.

[cockneyrebel] 03/2/2001 19:01

Signed Novatel as a customer Friday - near 10% rise late doors. Expect more on Monday.

PE still only 35 for a semi-conductor stock.

CR

[cockneyrebel] 04/1/2001 17:38

have been tracking the price movements to sales/buys recently. MM's are being a bit swift to move the price down on a bad day, I presume to entice a few sells.

Agree with melfaraj, it is only going to take a couple of good days on the Nasdaq to get this tightly held darling up and on toward £9 or better.

Very resiliant on the bad days, and a mover on the good ones.

Should form part of ant tech portfolio in my opinion.

[melfaraj] 03/1/2001 22:36

the chart is showing a bullish wedge formation at present. this same formation was seen 5-6 months ago after which the price took off, although in a delayed fashion. the company is also in the right subsector of the tmt. expect things to happen

[biomax] 13/12/2000 00:36

stonking 250 k buy 1.2 mln worth, institutions keep pilling in!

[biomax] 13/12/2000 00:35

stonking 250 k buy 1.2 mln worth, institutions keep pilling in!

[biomax] 12/12/2000 13:51

actially, other 3 big trades just went through totalling 4 mln quid.