Cml Microsystems Share Discussion Threads

[zingerburger] 02/5/2021 08:37

Chip and material shortages creating problems here

[bones] 30/4/2021 21:08

Bit more info on PRFI that CML acquired in March 2020. I’ve highlighted in bold what I like about them!

“Operating from offices and laboratories in the village of Great Chesterford, near Cambridge in the UK, PRFI has an impressive list of clients for its microwave and mmWave design services that includes Huawei, Inmarsat, Samsung, Analog Devices and Qorvo.

We have benefitted from the growth in interest in higher frequency applications and in compound semiconductor technology, right across the range of end use applications but particularly in recent years for mmWave 5G. We’ve found that our microwave and mmWave design skills have been in growing demand as these specialised technologies have increasingly impacted mainstream applications including 5G.”

Source:

[bones] 30/4/2021 19:05

For those interested in the more technical aspects of the products being developed in the latest areas, there is a webinar coming up being presented by one of the “boffins” at PRFI, the company that CML bought last year and most likely the guys who contributed to the new mmWave IC products under the range called “Surf”.



Microwave Journal appears to have a worldwide audience within the rarified population interested in the tech space.

[bones] 30/4/2021 18:54

Gleach23, thanks for that and info on those big trades at 300-302 area. Those passed me by! Have to assume they unblocked the pipe.

Roddiemac2, I agree that any momentum event will not be restrained at 390 but TA will argue that it is not in the price so is irrelevant! I am not using TA for my investments in general for trading but I do look at areas of support/resistance in some stocks if I am looking to adjust holdings etc.

[roddiemac2] 30/4/2021 18:48

bones ,

Currently liquidity is so low as to be insignificant. If volume turns up on good news, then predictions based on TA could easily be blown out of the water. I don`t use TA.

[gleach23] 30/4/2021 18:35

Thanks for your recent commentary here bones which I have been following with interest.

Nice call on the timing too bamboo2. Let's hope you're right about the flagpole!

I have an investment position here and also a trading position which I took out on 22 Apr when stock availability began to tighten and the underlying Bid improved. Sure enough 2 large trades were reported after the close on the same day which seems to have coincided with the bounce back in share price - 60k @ 302p and 43k @ 300p.

[bones] 30/4/2021 18:17

Thanks for the input, bamboo2. Always good to have fundy and TA signals pointing in the same direction. Certainly seemed bullish price action today. Equivalent of 418p after adding back recent 50p capital distribution.

[bamboo2] 30/4/2021 18:04

bones, cheers for the info.

From a charting pov we have now filled the gap down [354-374] that was caused by the share going ex-rights, on Friday 19 March.

Today's close is above a rising 200sma [305] and turning 50sma [344]

The second part of the flagpole should continue on Tuesday to reach the target [390], at historical resistance.

A consolidation zone around 390 and subsequent upbreak would suggest an ultimate target approx 440-460, but that is just speculation for now.

[bones] 30/4/2021 14:22

Notoriously illiquid share this one! Currently, no quote available online to buy but can sell a lot at 351 (above mid price) so there is clear demand from the MM’s just at the moment.

[bones] 29/4/2021 17:10

Here is yet another area of business that explains why CML see their future in attacking the communications devices markets, with 5G and IOT becoming necessary in more rural areas (so-called “agtech”). You can see how vast the US (and many other huge agricultural countries) is and the resulting potential markets to attack.



”Connectivity can often be taken for granted in the U.S., where seemingly every block in a major city has free WiFi. But in much of rural America, connectivity can be a significant fight.”

”......it is estimated nearly a third of all food is wasted before it has a chance to be consumed. There is no doubt that through better information and technology — helped by connectivity — that can be changed.”

[bamboo2] 29/4/2021 08:19

The current, near term chart pattern is a bull flag.
On an upbreak, this has a target price approx 390

[bones] 28/4/2021 22:48

Thanks Net, all grist to the mill. CML's designs I think are of use across the board, telecoms, maritime, satellites, pretty much anything that relies on communications technology (both data- and voice-centric).

CML has to ensure its own supply lines don't get snagged (including outsourced manufacturers) but they did say in their recent update that they had a good inventory of raw materials and had managed things well. There should be a vastly growing demand for its cutting edge R&D though. That longer term picture is the value here.

[netcurtains] 28/4/2021 18:49

you might be interested in this tweet:

[bones] 26/4/2021 10:41

Nothing scheduled until Final Results on 15th June.

I don’t rule out some kind of action with the cash of £30M burning a hole in their pockets and having been declared NOT SURPLUS. We don’t know if they are actively seeking acquisitions or opportunities to put the cash to immediate use or biding their time for some distressed assets to fall into their laps. CML are historically conservative but it does sound to me like they have thrown their hat into the 5G/IoT/AI arena and should really be aiming to take advantage. They recently announced a new range of products in the mmWave area:

”About SµRF
CML Microcircuit’s new SµRF range of high frequency, high bandwidth ICs targeting RF and mmWave, support emerging markets such as 5G, Satellite and IoT.
By using our expertise in advanced IC design, CML has created a range of RFICs and MMICs that are high performance, simple to design with, and simple to use in mass-market applications.”

[netcurtains] 26/4/2021 09:54

any news on the way?

[bamboo2] 26/4/2021 08:34

Quoted 356 to add 1000

I was going to add more on the way up, but think I will wait.

[bamboo2] 22/4/2021 12:16

Cheers. Spot on!

[bones] 22/4/2021 11:44

Someone listening anyway. MM’s running away from every small purchase.

Good timing bamboo2.

[bones] 20/4/2021 16:06

Noted bamboo2. Market cap <£50M with cash >£30M in bank. Company is profitable, business turning up, and dividend paying. I'll keep on trucking with my load!

[bamboo2] 20/4/2021 14:27

Chart shows a possible turn 20-21/4/2021

Bought back a few.

[bones] 02/4/2021 10:19

Thanks roddiemac2. That’s my kind of investment. All of mine are either long term IP development situations with large OEM’s interested in it or recovery stocks and often a combination of both. CML is a perfect example, added to which there is barely any retail interest. When it arrives to be met with a tight supply, then the share price could benefit strongly.

[roddiemac2] 02/4/2021 09:53

bones,

New products is what this investment is all about from now. I don`t expect fireworks in the short term, but this is a very interesting medium to long term play. Patience should pay.

[bones] 01/4/2021 11:43

About SµRF
CML Microcircuit’s new SµRF range of high frequency, high bandwidth ICs targeting RF and mmWave, support emerging markets such as 5G, Satellite and IoT.
By using our expertise in advanced IC design, CML has created a range of RFICs and MMICs that are high performance, simple to design with, and simple to use in mass-market applications.

[bamboo2] 31/3/2021 08:32

Received my payment via Halifaxsd yesterday.
slightly nervous as sold the holding on ex-rights day, and wondered I had got the timing wrong. Netted a good overall profit.

Waiting to see if price wants to test the breakaway gap from 10/12/2021
This measures 284-298 and was caused by the disposal news. gla

[netcurtains] 29/3/2021 15:59

Thanks! Great tip Bones!