Cml Microsystems Share Discussion Threads

[tiswas] 26/8/2014 13:06

Roddiemac2

I have sent you a private message with email address.

Thanks

[roddiemac2] 26/8/2014 13:00

tiswas,

I think Chris is committed to getting the company back on track. At some point in the future I think they may put themselves up for sale, but not yet. What are the chances of a seriously attractive opportunistic bid? I can`t say, but it would have to be very attractive to persuade both management and the major investors.

As you can see notifiable holders , not including management , hold over 70%. The shares are falling in a steady drip of small deals. I have picked up more than a few , and will continue to do so.

Yes Chris Gurry is the only family member on the board.

If you would like a copy of some recent research , leave an email address here.

[hastings] 21/8/2014 17:58

Pleased to be of some assistance tiswas.

[tiswas] 21/8/2014 17:48

Thanks for the quick response hastings.

Am I right that Chris Gurry is the only family member still on the board but the Gurrys have circa 22% in total?

roddiemac, in your opinion is Chris the sort of guy who would listen to an opportunistic bid were it to come along or is he committed to get the company back on track?

Just thinking whether now would be a good time for a competitor to pounce?

[hastings] 21/8/2014 17:14

Miton Group PLC - 1,927,525 12.08
Cazenove Capital Management Ltd - - 11.91

J M Gurry - - 9.87
Legal & General Group PLC - 1,185,000 7.42
Michael Ian Gurry - 981,689 6.15
Chris Gurry - 917,567 5.66
T M R Dean - - 5.64
Hargreave Hale Ltd - - 5.04
Herald Inv Mgmt Ltd - 760,534 4.76
JMFinn Nominees Limited - - 4.09
Prudential Portfolios Managers Ltd - - 3.92
Slater Investments Ltd - 614,747 3.85
Director Holdings
Name Type Amount Holding %
Ronald Shashoua - 143,500 0.885
Nigel Clark - 4,600 0.028

[tiswas] 21/8/2014 17:00

Hi

This caught my eye because fund manager Gervais Williams was doing an interview saying he had a holding and liked the company.

Does anyone have a list of current shareholdings please? What happened to the chairman's shares mentioned earlier in this thread?

Thanks

[roddiemac2] 31/7/2014 10:01

wiloughby 2

I went to the AGM yesterday , and spoke with Chris Gurry , Nigel Clark, and the new Sales and Marketing Director Hugh Rudden . Briefly----they are confident of resuming growth in 2015/2016 : some good contracts coming through. Having a growing cash pile places no restraints on R&D spend. As the cash continues to grow , they will be open to other uses of the cash.

I will email you with more info soon.

[hastings] 22/7/2014 09:11

May be of interest to others taking a look

[roddiemac2] 11/6/2014 09:08

Smith 99,

many people knew this was coming. Results are to expectations , and some investors are choosing to take a cautious view of the future and sell. I bought 5,000 yesterday.

The CFO sold because he needed the money . If he had explained that at the time of his sale , nobody would have believed him : damned if you do and damned if you don`t .

I like everything this company is doing .

[smith99] 11/6/2014 07:19

At the end of the day he knew this was coming so he lied.

[roddiemac2] 10/6/2014 19:33

wiloughby2,

You are stating the obvious. I did question what I was told ; I know that the CFO had to raise funds to buy a retirement property. His timing was good , but sooner or later we all have to sell for one reason or another. I will email you on this subject.

[wiloughby2] 10/6/2014 16:52

With the greatest respect roddiemac if the CFO sells shares and the company share price subsequently falls over twenty per cent, whatever reassurance he stressed to you privately, you would have to question it's validity.

[pugugly] 10/6/2014 12:27

Message received is that this is now EX-GROWTH (at least short term) and maybe even a small contraction in both turnover and profit. Yield very low so no dividend support.

Interesing but until some more clarity on revenue growth I am staying on the side.

(imo dyor etc) However a very nice quiet thread which is usually a good indicator.

[roddiemac2] 10/6/2014 10:05

wiloughby2,

I spoke to Nigel when he sold his shares .He stressed his sale was nothing to do with CML`s prospects.

They did look at a foreign based company , with a view to acquire , but the price was too high; meanwhile, the cash pile continues to grow, and they still have property assets.

I too read the very well explained accounts carefully.I think they are attractive at this price .Whist they expect a head wind this year, they are confident of a return to growth in 2015.

I note they are going to apply for a smaller development on their land .It is probable that Countryside Homes asked for more than they expected to get, in the first place.That is often the way these things go.

I continue to like everything they are doing to expand the business in future.

[wiloughby2] 10/6/2014 09:20

Yes - after a lengthy read of the figures I expected an opening below £5 but not £4.10 !! But even with 14% div increase they r not that attractive short term without the takeover approach which may well appear at some point. Medium term they may well do ok when the present research and development comes to fruition.What do u think Roddiemac ?What a changing company with a younger board and some old faces gone or going. Nigel must know the company inside out.

[roddiemac2] 10/6/2014 09:15

Smith99, It is harsh, and I bought more. There is every reason to believe that the company can continue its growth after this year .

They mentioned nothing about possible acquisitions, but they are looking . I think it is only a matter of time before they find a suitable T/O target.

Nigel Clark sold his shares to fund the purchase of a barn he will be converting for his retirement.

[smith99] 10/6/2014 08:36

that drop seems a bit harsh

[jamielein] 17/2/2014 22:30

Very quiet on here.

IMS was okay, nothing special. I didn't like that revenues will be "broadly in line" = slightly down on the prior year.

Cost cutting and improving margins have allowed them to meet market expectations.

I've decided to sell, partially because they're on quite a high rating and partially because revenue growth has stalled, at least temporarily. It wasn't an easy decision though and I'm sure the company will continue to do well in the future.

Cash flow is very strong here and this probably justifies the high rating, and the chart looks fantastic.

Good luck to all holders.

[roddiemac2] 03/2/2014 13:57

CML Microsystems Plc, which designs, manufactures and markets a broad range of semiconductor products, primarily for the global communication and data storage markets, announces that the Company will be exhibiting at the Innovators & Investors Forum on Tuesday 4 February at the Business Design Centre, London.
CML Microsystems' management will be showcasing the Company's products at stand 29 throughout the day.
Innovators & Investors Forum, sponsored by Cenkos and Shares magazine, is a one-day conference and exhibition which aims to showcase leading technology firms and bring them together with the investment community. The event will run from 9.00am to 5.30pm with the conference agenda starting at 2.00pm. For more information including registration details visithxxp://www.msmconferences.com/event/iif2014/?view=Home

[roddiemac2] 19/11/2013 08:45

Cash has increased £0.72m since last full year results : still no indication of how they might use this.

[apad] 19/11/2013 08:25

Can't find anything to complain about. No opportunistic buying opportunities today :-)
apad

[roddiemac2] 19/11/2013 08:04

Another very solid set of results .

Financial Highlights
· Record first half results
· Group revenues up 5% to £12.99m (2012: £12.39m)
· Gross profit up 7% to £9.21m (2012: £8.57m)
· Profit before tax up 29% to £3.21m (2012: £2.48m)
· Diluted EPS up 38% to 15.37p (2012: 11.13p)
· Net cash of £9.7m (2012: £6.5m)

[roddiemac2] 17/11/2013 20:30

APAD . Both Herald and Slater have top lopped their holdings , but I don`t see that as ominous .

George Gurry and George bates died recently and will be sadly missed .

I know of no reason why the company might disappoint on Tuesday. I will be very surprised if they do.

[apad] 16/11/2013 08:08

Just been looking at my notes.
Any slight negative (or perhaps lack of positives) on Tuesday could see some share price weakness.
SSD strength imperative.
Surprised at recent share price solidity.
Not buying ahead of results but might buy more if there is any weakness on the day.
Any views?
apad