An acquisition for cash is a bit of a dent in the cash pile
They say it will be earnings in the first year
UK companies don't have a very good track record for making purchases in the US so it is an open verdict for me currently |
added here again recently as this seems a pretty safe bet for the next year or so |
Agree with you there roddiemac2
There is no rush with the property works/sales as the company is doing well anyway
Strip out the cash and the PE is not high for a tech company
As ever I would like a pull back to top up! |
Any future sale of surplus land should be seen as icing on the cake. CML is doing very well, and is likely to continue doing so, regardless of if or when the surplus land is sold.
The company is reaping the rewards of the considerable sums that they have invested in R&D annually. |
The market appears to like the fact that profits should be well over £4m for the full year
Strip out the cash balances and this is currently valued around £55m for the business and the property |
Nothing to get overly excited about in the results
Delays in planning until first half of next year means nothing before April/May so maybe a sale around this time next year depending on the state of the buyers finances of course
So steady as she goes with a 25% increase in interim dividend
The cash balance should start to earn interest as well now |
You seem obsessed with something you don`t understand. I suggest you concentrate on the company`s prospects. |
The company should have been able to buy those shares @400 but because of its silly 1579 per day they couldn't. |
"Hopefully back to around 360 for a top up soon" NTV 28,9.22
Hope springs eternal but it is not an investment strategy. ----I will not be surprised if the shares never go back to 360p.---not too late to buy . |
Why does the company have to buy it's own shares at premium to the price I can buy at? |
MM paying under £4 a share then selling to the company @4.15
Pointless buyback |
They paid £4.15 for 1579 each on 12 October and 13 October but today the offer has increased to £4.20 for 1579 under the company's share buyback. |
1579 bought at £4.15 under the share buyback showing as a sell. |
Solid buying this morning.
Share buyback will no doubt be very positive for the share price. |
Hence my statement re the daily allowance the company has set with the broker
Basic stuff as you state but you have to question why it set that daily allowance and if a purchase is not made on one day can this daily figure accumulate? There appears to be not enough flexibility in scheme
The main thing though is the company appears to be doing well when others are not. I like that. Hopefully when they get to start the building works on their scheme that will be a lot more builders around to do the work at much more competitive prices. Don't really a whole lot about them i have traded them a couple of times in the distant past.
Interesting times |
NTV
I have held this stock in varying amounts for more than 20 years.( sometimes top lopping, sometimes adding) . prospects for CML have never looked better than now.I hold many times more than is traded on an average day.
"You never know who or why some PI or II will sell any particular stock"---obviously---basic stuff. |
roddiemac2
You never know who or why some PI or II will sell any particular stock
That is how the market works or doesn't work depending on your view
Keep a few pennies back because you never what price stock will be offered at |
NTV
Why would any informed investor want to dump such a promising stock? I have a large holding , but would still be prepared to add on any weakness. |
Well spotted Z1CO
roddiemac2
you miss my point
If a PI or II suddenly wanted to dump a load, the company would be in no position to say buy 20k @350p because of the stated policy
Their hands are tied |
There was 1579 trade reported today it could the first under the share buyback programme.
An rns tomorrow morning will confirm it it is. |
Finally it's broken through the £4.00 barrier again and this time we should see new highs before the Interim results next month. |
NTV
They are not trying to prop the share price up; they are buying shares at what they consider to be a good rice.
The shares are fairly tightly held . If the shares follow a falling market that would be an opportunity to buy more at a better price. |
I notice the daily limit is only 1500 shares or so
so not really a lot of good if for instance the market suddenly drops |
Hopefully in excess of £4.60 before they issue interim results next month. |
Hopefully back to around 360 for a top up soon |
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