Cml Microsystems Share Discussion Threads

[bones] 19/6/2021 15:07

Nice trade bamboo2, holiday paid for, job done!

[bamboo2] 19/6/2021 14:47

Hi bones, despite your encouragement, I couldn't resist trading these and I sold my holding here yesterday. I'll be away on Hols early next week, and won't be able to keep track of the markets but can relax having booked a reasonable profit. I'm sure to be back again soon.

Good luck, and keep up the posts!

[bones] 19/6/2021 13:21

Article from Proactive Investors about semiconductor matters. A concluding paragraph in it seems relevant to CML in the context of the UK and its importance to this country. I wonder how long CML will stay UK owned if it becomes a key (if small) player in the RF/mmWave chip design space.

”….With the growing importance of innovation for economic growth, we expect to see greater investment in chip design and manufacturing alongside attempts to reshore strategic components of the chip industry to domestic markets….”

[bones] 18/6/2021 21:16

Nice commentary roddiemac2.

I was in here a couple of times a few years back but, since reinvesting here in a big way after the late 2020 announcement of the Hyperstone disposal, I’ve felt highly relaxed about the investment despite the cautious comments from the board.

At this week’s final results, the board has relaxed the caution and was able to say:

“…..the Board is confident that the strategy in place will lead to significant, sustainable growth. As a Company we are well placed to return to meaningful results improvements….”

“Confident of significant and sustainable growth” is bullish talk from this board but signals something special I believe.

I’ve been banging on here these last few months about the 5G opportunity that CML clearly recognises so I will sit back and see what unfolds over the next two years or more.

[roddiemac2] 18/6/2021 18:31

I first bought a small amount of these at 273p in April 2002 after the dot.com bubble burst.. By October the same year they had sunk to 125p

By February 2004 they were 359p.

By June 2007 they were 115p, and I was buying more heavily.

By September 2009 they had drifted all the way to 33p.

By November 2013 I sold some at 560p , following the FD`s example ( always a worry to see the FD dumping shares). Soon after , the company announced the loss of a customer that represented about 10% of the business( make what you want of that ). It transpired that they had another customer that represented about 10% of the business. The shares retreated again.

Poor liquidity has exaggerated share price movements. News flow was poor until recent years.

They have a better spread of customers now. I held through thick and thin because I always thought that CML had potential. That potential looks more certain to be fulfilled .

[bones] 17/6/2021 16:52

Welcome Linton5.

Bamboo2, Mm’s were bidding for at least 10k for 423p before the close.

[linton5] 17/6/2021 16:35

Just wished I’d seen this company a few month back 🤔

[linton5] 17/6/2021 16:35

Just wished I’d seen this company a few month back 🤔

[linton5] 17/6/2021 16:34

Glad to have joined yous all today definitely a long term hold this one 🖖

[bamboo2] 17/6/2021 15:38

Linton, this is always illiquid, so if you want a chunk, you have to put in an order.
Should become more liquid after the changes in the recent rns.

[ny boy] 17/6/2021 15:35

Onwards & upwards, solid recovery play, great to add on decent retraces

[linton5] 17/6/2021 11:55

What a fantastic looking company to be a shareholder of all looking good and looks severly undervalued,if I could buy a few I would but not at 500 at a time

[bamboo2] 16/6/2021 21:07

Bones,

Cheers.

[bones] 16/6/2021 17:34

Overdue rerating happening here. MM’s were bidding hard late afternoon, at least 10k @ 407 at one stage.

[bamboo2] 15/6/2021 08:11

Can only buy 150 online for now, at 406.7
Can sell 3000 at 385

Good liquidity on the sell side.

Holding for now though.

==============================

So what do they do? Widen the spread!

Can now buy 1000 for 408

[bones] 15/6/2021 08:00

Concluding part of outlook:

”Even though we remain in uncertain times, the Board is confident that the strategy in place will lead to significant, sustainable growth. As a Company we are well placed to return to meaningful results improvements.

Can’t argue with that.

[scepticalinvestor] 15/6/2021 07:30

agree - looks good

[bamboo2] 15/6/2021 07:20

Looks nice.

Board is recommending a final special dividend payment of 50p per ordinary 5p share, equating to a total for the year of 52p (2020: 4p). If approved this will be paid to shareholders on 13 August 2021 whose names appear on the register at close of business 30 July 2021, the shares will go ex-dividend on 29 July 2021.

[bamboo2] 14/6/2021 08:59

Chart still looking positive. Priced above rising 50 and 200 sma's

Still needs eod close above 390 to confirm a target near 440

[bones] 03/6/2021 18:39

I wish you well, bamboo2.

[bamboo2] 03/6/2021 18:16

bones, I know I should be bothered by spread, stamp duty and illiquidity, but I have always ignored them, attempting to overcome these obstacles by timing trades as near spot on as I can.

Once I find a share and chart that seem to respond well to my method, getting the timing right is almost as important as making a bit of cash!

You do make a good point though. I have been practicing with buy and hold over the last few years, and maybe this should become the next one I keep for a while.

[bones] 03/6/2021 17:29

Or buy a few and hold for growth? Trading illiquid and high % spread stocks is like trying to do the high jump with a rucksack of rocks on your back!

[bamboo2] 03/6/2021 17:15

Maybe I should just stick to trading smaller amounts, as that seems quite successful!

[bamboo2] 03/6/2021 17:13

Thanks bones.

I was trying to add again today but couldn't get an online price on any decent quantity above 1500, so left it. Will try again tomorrow. Does seem very very illiquid, so not surprised the co is trying to do something about it.

[bones] 03/6/2021 16:21

Money is flying into the sector which CML has a part in: