For interest. |
Caught up with management yesterday and very impressed with the story.
Particularly interested to hear that they had teamed up with Cambridge Consultants in order to develop a solution to the DRM market, which was launched in September.
I'll be putting a write up together on the back of the catch up and will post in due course for interest. |
Some good buys going through today |
Ah yes thanks picnic - I see AJ Bell displaying such a message now. Perhaps I missed it earlier. |
Most small cap trading halted due to outage at London Stock exchange. |
Agree with your comments JW612 although I can't sell any either through AJ Bell either.
Can't buy 500 shares and can't sell 500 shares. Is this supposed to be a stock market? |
Well, my prediction was wrong, the HY results are a bit mixed. The word headwind is never encouraging , but at least it only appears once. |
wad collector,
Still very thinly traded, and tightly held for good reason: cash rich with good prospects. Good results should increase your wad. |
I do like to see a share price creep up ahead of results.. |
Trades today suggest an imminent Trading Update and Notice of Results which are already lagging behind prior years.
However I notice anticipated half year results are 5th December according to the company website which is also behind prior years so I expect timing of the accounts has been affected by the acquisition. |
NTV,
It cannot have escaped your notice that many shares have been hammered in the last few weeks; the carnage has been fairly indiscriminate. Against this backdrop CML has fallen in mostly small daily volume.I don`t think that CML have lost credibility .With half year results due on the 5/12/23 ---not long to wait |
Not surprised this has fallen away so much
Company bought in shares and then reissued them about 20% lower price
That large 250k buyback in a lump is a bit suspicious to me
The company has lost credibility imho and has got a lot to do to get that back |
Nice to see some blue today on the back of some buying. Feels like we've been sitting and consolidating at this level for long enough.
Late trade reported today of 17,138 @ 442p dated yesterday. Might just be the sort of large random trade to clear the seller....here's hoping. |
The indicative spread is misleading, at least for the moment. I just paid 459 despite an indicative 450/470 spread. I read that IC article and thought it looks a reasonable gamble in an exciting sector. |
full write up by simon thomson. |
I am not sure that a spread of 7% is putting serious long term investors off. I can see that it puts off day traders, but then day traders are just noise. Do they help the shares to reflect fair value?------ |
Many years ago they did make noises about considering going private. I asked Chris Gurry why. He was concerned that the low share price was putting off potential customers in the US. I said that they needed to get their story across more vigorously and in more detail. Back in those days there was little segment by segment break down of the business in the printed version of the accounts. That has changed now..
----I will sound them out as to whether or not the option of going private might be considered at some point |
A nominal spread of 7% is off-putting.There217;s little money to be made in running a book in a small company like CML.It’s too low cap to attract interest from other than a few small company orientated funds and private clients.Increasingly,companies like CML will eschew a stock exchange listing and go private.CML looks cheap but is likely to remain so in a risk averse market.I think it was Simon Thompson who commented that either CML rerated or ultimately it would get taken over.That’s possible but so is going private. |
bones
may also have something to do with risk aversion by UK pension funds and disinvestment by mutual funds after redemptions as well as the general squeeze and movement of the market to lower multiples? |
bones,
You make a very good point, and one which I have hitherto tended to overlook. |
Agree with both points - it's just my trading position that gets frustrated but anyway, that's my problem :)
Medium to long term this seems a good stock to accumulate at such times as these. |
Sadly, a phenomenon across the small cap market is the blanket selling by small investors who most likely have very pressing cash needs elsewhere if they have mortgages to renew soon, a not insignificant 1M+ households who might need an extra £300 - £500 (or more) a month of disposable income to cover the increases. That’s likely to include a lot of investors.
CML and many other solid businesses may prove to be bargains in the longer run as these adjustments play out in the wider economy. |
gleach23,
I look at things this way:-- Our "job" as investors is to notice when trading seems irrational , and to take advantage accordingly. In CML`s case I have been surprised by
how low the shares drifted in recent weeks ( albeit in mostly thin trading ). I am confident that in the medium to long term the price of CML`s shares will better reflect their performance and prospects. Accordingly , I increased my holding ; patience should pay. |
Hopefully the seller, who appears to remain frustratingly active, will soon be exhausted |
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