Cml Microsystems Share Discussion Threads

[linton5] 13/4/2022 11:50

Oops my error authority to repurchase 2.58 million

[bones] 13/4/2022 11:46

It's up to £3M worth. Depending on price, that might be 800k of shares?

They have authority for a lot more but this three month programme is for up to £3M in value. The AGM in August will have a vote to give further authority.

[linton5] 13/4/2022 11:38

Took some but not showing bones

[linton5] 13/4/2022 11:36

Cml has Only 17million shares and going to purchase 3million back 25mill cash and no debt. Say no more

[bones] 13/4/2022 11:07

CML initiating a share buy back programme of up to £3M.

Like me, they must feel the shares are underpriced.

[bones] 05/4/2022 18:19

In a period when profit warnings are being issued daily, I like a management that can offer summaries like these:

“The Board is pleased to report that trading for the full year is expected to be slightly ahead of current market expectations.”

“The Group's significant cash balance provides financial flexibility to maximise its future growth potential.”

“The Board remains confident in the Group's strategy to deliver significant, sustainable growth over the coming years.”

[bones] 05/4/2022 13:53

In those numbers forecast by Shore Capital, they seem to think cash would be less than £21M, presumably due to net investment in the business.

With a property disposal now in the numbers according to today’s update, the cash balance is £25M. Assuming Shore’s reasoning stands, that implies a £4M cash windfall from the sale of property. If so, is there scope for another special dividend?

[bones] 05/4/2022 09:00

There’s a bit of detail in the recent Simon Thompson analysis (page 10), Langland.



It’s possible he might remind readers this week following this trading update.

[langland] 05/4/2022 08:19

Do we know what forecast ebitda or PBT is please?

[bones] 05/4/2022 08:10

I like this comment in particular:

“Research and development activities along with operational investments to support the market introduction of new products continue to gather pace. The forward order book remains strong, with scheduled shipments stretching beyond twelve months.”

[bones] 05/4/2022 07:56

Market cap of £56M (before the open today) and cash on hand of £25M. No debt and making profits.

[bones] 05/4/2022 07:51

“Slightly ahead” of market expectations and an investment property sold.

In today’s obstacle-strewn economic environment, these grudgingly supplied words are possibly very welcome!

Maybe they were tying up the property sale pre-year end before the trading update could be finalised.

[gleach23] 26/3/2022 11:29

So no trading update this past week. Next possibility is a pre-close update and notice of results this coming week if the timing per last September's interims is followed.

[bones] 19/3/2022 16:46

Another couple. First is from December 2021 and second a year earlier. Both with PRFI’s CEO, Liam Devlin.

[bones] 19/3/2022 15:50

Item of interest:



PRFI is the company CML acquired in early 2020 and which is now key to the future strategy of developing mmWave designs for the 5G semiconductor market.

[gleach23] 17/3/2022 17:37

Yes bones - and 19th March the previous year too, also combined with a Notice of Results. Not long to find out anyway...

[bones] 17/3/2022 16:15

The GM is only for the option packages. That said, I agree it might be an opportunity for a trading update for the year end. There was one on 19th March last year.

[gleach23] 17/3/2022 15:22

Am guessing the year end Trading Update may be timed to coincide with the GM which is next Wed, 23rd?

[bones] 01/3/2022 12:13

Read across from comments made in XP Power's final results RNS today:

"Investment in semiconductor manufacturing capacity is growing rapidly worldwide
as the industry responds to a structural supply shortage and to meet demand for
ever more technologically sophisticated semiconductors. Demand for
semiconductor manufacturing equipment remains strong and Wafer Fabrication
Equipment (WFE) capex grew by c.40% in 2021, with further growth forecast in
2022. In total there were c.59 new semiconductor manufacturing facilities
announced in 2021 with WFE spend of $300 billion expected in the next few
years. The latest generation of semiconductor logic and memory devices are
becoming more capital intensive to manufacture as they become multi-layered,
and as dimensions continue to shrink."

[bones] 24/2/2022 20:03

More thematic discussions on the industry:



Excerpt:
” While dealmaking has been slow this calendar year—fewer than a half dozen—deals such as the Intel/Tower proposed marriage show the heat is still in a sector where demand has never been greater with so many people needing to be connected.

That heightened investment interest should only continue to build as more tech giants such as Apple and Google unveiled plans to design their own chips and more focus is put on chip design and optimizing chips, which ideally could cut down on the amount of chips needed and likely decrease the pressure currently on the tight supply chain.”

[roddiemac2] 16/2/2022 09:32

bones

Bailing out now shows no understanding of the potential here. I agree it is a potential takeover target..

[bones] 15/2/2022 14:33

M&A is happening at the top of the food chain in semiconductors:



We know CML is open to acquiring selectively but, to my mind, it is a potential target too.

[bones] 15/2/2022 09:40

Predictably, a few followers of a certain tipster are bailing out at a loss through impatience. With CML usually illiquid, that could have an exaggerated effect so I will be eyeing up a bargain price if it drops much further on patchy selling.

[bones] 07/2/2022 10:33

Looks like a good opportunity being made available to new investors as it appears that Winterflood have a line to shift judging by their positioning on the offer side of the level 2 book. They are just sucking up all buying at below 410. I guess there will be a large sale showing in the next day or so somewhere in the 400p range.