Cml Microsystems Share Discussion Threads

[roddiemac2] 30/7/2021 12:58

ones , I think it is best not to attend. I have always found them helpful on the few occasions I have phoned them with a question. The decision to dispose of Hyperstone and to concentrate on 5G represents a step change in the business. They do come across as being very confident about this course of action.

[bones] 29/7/2021 22:59

Roddiemac2, thank you for the information. I think (for this year) it is best not to go to the AGM. I read enough in the detailed commentary by the board in the final results RNS to make me believe the management is bullish about prospects in the five years ahead. Certainly they seemed marginally more chipper than at the time of the capital distribution.

[roddiemac2] 29/7/2021 21:34

bones, Up till two years ago I attended the AGMs. On several occasions I was the only investor there , apart from management and family. They do not give a presentation at the AGM. It is something of a formality , with the chance to talk with management after the voting is over. I will collect a printed copy of the annual report tomorrow or Monday and see what they say about attending the meeting. Do you have any specific questions about the business going forward? I spoke to Nigel at the time they announced the return of capital. He said this year would be tough, but that they had new products coming to market next year: no more than that.

[bones] 27/7/2021 21:34

Man, I kept thinking today was the 28th :) (Stupid boy, Pike!)

[gleach23] 27/7/2021 19:44

Not wishing to debate the fact that the ex-div date is 29th, merely that it's not tomorrow ;) Surely pre-market open on 29th?

[bones] 27/7/2021 19:33

Happy to debate, gleach23! “…..Accordingly, the Board is recommending a final special dividend payment of 50p per ordinary 5p share, equating to a total for the year of 52p (2020: 4p). If approved this will be paid to shareholders on 13 August 2021 whose names appear on the register at close of business 30 July 2021, the shares will go ex-dividend on 29 July 2021.” Is that pre-market open or post-market close?

[gleach23] 27/7/2021 18:37

Thursday bones - getting ahead of yourself :) Funnily enough I made a note of it myself this morning.

[bones] 27/7/2021 16:18

Ex-div for the 50p special dividend kicks in tomorrow (29th July). Watch for the markdown!

[bones] 07/7/2021 16:25

Trade stats showing strong bidding above midprice all day. Despite a good number of round number sales, even now I can sell a large amount online at 461p. Seems to be ongoing demand for shares on that basis.

[bones] 03/7/2021 18:36

It is worth another read through the commentaries by Nigel Clark and Chris Gurry, main directors of CML, in the recent final results release. Every time I study the comments, I see an ever increasing seam of bullishness emerging. The positivity in there and the barely disguised expectations of profitable expansion for the next five years is notable for a usually conservative board. They have clearly felt justified in the path they set themselves with the sale of Hyperstone and the acquisition of PRFI, both realised in 2020. CML is my third largest holding now but it currently occupies first place in my sense of what good things could be developing over the next two years. https://uk.advfn.com/stock-market/london/cml-microsystems-CML/share-news/CML-Microsystems-PLC-Final-Results/85356893

[linton5] 01/7/2021 15:13

🌻🦅🪶

[linton5] 29/6/2021 16:05

Defo bones not been here long just having a bit banter as shareholders have there shares in a locked safe which is understandable 🦀

[bones] 29/6/2021 15:38

Its results will drive the price. Think months and years, Linton!

[linton5] 29/6/2021 12:30

You only need to check cml once a week it’s like a sleeping giant need a stick of tnt to waken her 430 -460 same time next Tuesday ?🤫🦋🪶try the feather to tickle its nose

[bones] 20/6/2021 16:29

I agree roddiemac2. The outlook of the board and the unlimited scope of the markets before them mean that they must just concentrate on proficient execution. I don’t have a timeline on it but the first sign of solid growth from their new markets will have this share way ahead of here, IMO.

[roddiemac2] 20/6/2021 14:33

There has been many a slip twixt cup and lip in the past. Anyone taking advantage of the fall to 33.5p in 2009 , and holding for the long term, has already made a fortune. ( the real money is invariably made in the long term ). I see absolutely no reason to top lop here. Unless the share price gets pumped up first, I would be surprised to see much of a retrace from here. I suspect they are tightly held now. That , plus the large spread will make them a difficult repeat trade. The AIM listing may improve liquidity and narrow the spread; we will see; a very strong hold for me , and I have a large holding.

[bones] 20/6/2021 14:08

Linton, since the 433p was achieved earlier this year, CML has paid out 50p per share in a capital return which reduced its cash balance by £8M+. Arguably, today’s price of 452p is the equivalent of 502p so far as holders are concerned as they have 50p in the pocket as well as their 452p shares.

[linton5] 19/6/2021 20:48

577 next resistance on the weekly chart after busting through 433 won’t go up in a straight line but I actually see this worth a lot more I’d buy the dips on cml

[bones] 19/6/2021 16:37

Per this article from Proactive Investors, an unambiguous view of CML’s prospects from one of the house brokers, Shore Capital: ”Analyst Martin O’Sullivan at the company's joint broker Shore Capital said: "Despite recent outperformance, we regard the current market value as unduly low relative to earnings and prospects (and the final special dividend). Broadening recognition of CML’s strategy, growth opportunity and financial asset backing should provide scope for a material rerating, in our view." https://www.proactiveinvestors.co.uk/companies/news/952287/distil-cheered-by-news-of-whisky-industry-expert-joining-the-board-952287.html

[bones] 19/6/2021 15:07

Nice trade bamboo2, holiday paid for, job done!

[bamboo2] 19/6/2021 14:47

Hi bones, despite your encouragement, I couldn't resist trading these and I sold my holding here yesterday. I'll be away on Hols early next week, and won't be able to keep track of the markets but can relax having booked a reasonable profit. I'm sure to be back again soon. Good luck, and keep up the posts!

[bones] 19/6/2021 13:21

Article from Proactive Investors about semiconductor matters. A concluding paragraph in it seems relevant to CML in the context of the UK and its importance to this country. I wonder how long CML will stay UK owned if it becomes a key (if small) player in the RF/mmWave chip design space. ”….With the growing importance of innovation for economic growth, we expect to see greater investment in chip design and manufacturing alongside attempts to reshore strategic components of the chip industry to domestic markets….” https://www.proactiveinvestors.co.uk/companies/news/952642/putting-the-chip-shortage-into-the-context-of-long-term-trends-952642.html

[bones] 18/6/2021 21:16

Nice commentary roddiemac2. I was in here a couple of times a few years back but, since reinvesting here in a big way after the late 2020 announcement of the Hyperstone disposal, I’ve felt highly relaxed about the investment despite the cautious comments from the board. At this week’s final results, the board has relaxed the caution and was able to say: “…..the Board is confident that the strategy in place will lead to significant, sustainable growth. As a Company we are well placed to return to meaningful results improvements….” “Confident of significant and sustainable growth” is bullish talk from this board but signals something special I believe. I’ve been banging on here these last few months about the 5G opportunity that CML clearly recognises so I will sit back and see what unfolds over the next two years or more.