Very disappointing share price performance
Might add if it drops another 50p . be a bit closer to my average
Should have reversed position when the buyback finished |
Very disappointing share price performance
Might add if it drops another 50p . be a bit closer to my average
Should have reversed position when the buyback finished |
Very disappointing share price performance
Might add if it drops another 50p . be a bit closer to my average
Should have reversed position when the buyback finished |
Very disappointing share price performance
Might add if it drops another 50p . be a bit closer to my average
Should have reversed position when the buyback finished |
Apart from the two late trades yesterday, the volume has been thin. This has made it difficult to predict how low the price would go in the inevitable end of year profit taking. I picked up some at 524p, adding to a large holding. My aim is to hold for a couple of more years at least. Results in June should show improvement on all fronts: a little patience required. |
Yes,does look to be technical support here ....hopefully!If it doesn't hold then things look a bit precarious. |
There has certainly been some persistent selling evident of late.
I took a few on a spreadbet long yesterday after having waited a few days for the drop to £5. I don't think one has to draw many lines on the chart of argue this could be a technical bounce point - that's my hope anyway.
The underlying share price is firming and 2 chunky trades @ £5 were reported after the bell yesterday, perhaps to signify clearance of an overhang - fingers crossed. |
The shares have lost nearly all its 2023 gains.After IC's forcefully reiterated buy recommendation of 6 weeks ago,the stock has deflated like a balloon.As with Spirent,IC's timing would appear to be slightly awry.Widened spread,easy to buy around the middle of the quote,there's probably a stock overhang.It'll clear hopefully and the stock will steady. |
steeplejack,
ADVFN show only 1745 shares traded today; no meaningful volume. I have added to my holding in the last few days. |
Looks like a sell order is being worked around the middle of the quote at 521. |
NTV
I don`t see the announcement as disappointing: exactly the opposite.
There is not much of a free float in these and they have been thinly traded for a long time. Recent IC coverage has caused short periods of buying, and now the shares are drifting in the run up to the end of the financial year: likely cause = some profit taking in small daily volume. Final results in June should paint a very positive picture. |
no detail on sale of land is disappointing
ie no sale price only profit |
I am not sure about the inheritance tax rule .
I have a large holding held in my ISA. Since ,on my death, my ISA is transferable to my partner`s ISA ( held with the same broker ) IHT does not apply.
One of CML`s strengths is that they have always had more than enough cash to fund research and development; they have spent considerable sums doing so.
I agree that any cash from the sale of land puts them in a powerful position in an over indebted world. Hats off to the management for thinking long term. |
CML only switched to AIM from a full listing in mid 2021. Not sure if that limits anything under the IHT rules but thought I would highlight that fact! |
I invested in CML a week ago. The deciding factor was reviewing the CML Balance sheet. There is clearly deep value here.
In addition, CML is partly IHT qualifying. The reason I say partly is because the Group has an "investment property" the company used to trade from which is surplus to operational requirements. Now that they have received planning approval it will be divested once final approval is received on completion of the necessary Section 106. Then, it should be fully IHT qualifying making CML eligible for IHT portfolios run by wealth managers. Moreover, when the current significant cash balance is further enhanced by this sale, it will accelerate growth through increased R&D spend and acquisitions.
GLA. |
 17 February 2023
CML Microsystems Plc
("CML", the "Company" or the "Group")
Oval Park Planning Progress
State of the art business hub planned for land excess to CML's trading requirements at its current 29-acre site
CML Microsystems Plc, which develops mixed-signal, RF, and microwave semiconductors for global communications markets, is pleased to announce that conditional planning approval has been granted at its current 29-acre site located at Oval Park, Maldon.
On 26 September 2022, the Company announced that it had signed sale contracts with two separate parties, subject to planning permission. At a meeting of the Maldon District Council on 16th February 2023, conditional planning approval was granted on all four planning applications relating to the development of Oval Park (Application numbers 2200840FUL, 2200858FUL, 200841OUT and 2200837FUL). Final approval is subject to the completion of the necessary Section 106 Unilateral Undertakings relating to the payment of a financial contribution towards the County Council's costs of monitoring a Travel Plan. The decision notices granting planning permission should be issued once the Unilateral Undertakings are complete which is expected shortly.
The transformation of the brownfield Oval Park site is expected to bring over 200 jobs to the district by 2024 and potentially many more in the following years. Two world-leading organisations, Maldon Crystal Salt company and Tecniq, plan to relocate to the site providing the cornerstone of the development of Oval Park.
Works on the site are expected to commence this Autumn.
Nigel Clark, Chairman of CML Microsystems commented:
"This transaction yields funds from an underutilised asset which will benefit the business moving forward. It underpins the Group's well publicised strategy as a pure play semiconductor business with a sole focus on global communications markets." |
Absolutely massive volume yesterday for this one
A happy holder still |
The CML tip in IC today is very good and comprehensive. I won't post it here but this last paragraph sums it up well...
"Takeover potential
Frankly, if the shares don’t re-rate then CML’s shareholders should expect interest from predators given the low-ball rating that is being attributed to a high-growth technology business operating in a sweet spot, and one underpinned by secular growth drivers. Buy." |
NTV, no need for your question mark. Yes, CML is one of ST's Bargain Shares for 2023. |
IC tipped bargin portfolio by ST today? |
MwT looks a very good fit. |
It’s a 60/40 cash/shares deal, not just cash. They say earnings enhancing from year 1 which is also a good indicator.
“Up to $18M” (at £1=$1.20 = up to £15M) so an earnings element too, I assume. For now it’s less and only 60% of it from the cash pile. A maximum cash outlay of £9M. So loads of cash left yet. |
I like to think that CML sees this acq. as a significant step in strategy as well as a tactical broadening of the current business. I'm glad that Chris Gurry's words do refer to the strategic aspect, but "multi-year growth strategy..... over the medium term" could have been stronger regarding growth.
Can't complain about the recent share price movement but that cash pile building over the last few years did need to be used, and I'm staying positive.
"Chris Gurry, CML's Group Managing Director commented: "MwT's dedicated and very experienced team will accelerate our multi-year growth strategy. Their technical knowhow, product range and trading relationships enhance the Group's existing competencies and a shared strong emphasis on cultural synergy and strategic future direction bodes well for the combined businesses over the medium term. CML is committed to supporting MwT's existing customer base globally and, in particular, the USA market." |
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