Share Name Share Symbol Market Type Share ISIN Share Description
Cml Microsystems Plc LSE:CML London Ordinary Share GB0001602944 ORD 5P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 350.00 3,243 01:00:00
Bid Price Offer Price High Price Low Price Open Price
340.00 360.00 350.00 350.00 350.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Technology Hardware & Equipment 12.47 0.01 4.81 72.8 58
Last Trade Time Trade Type Trade Size Trade Price Currency
15:03:54 O 75 352.00 GBX

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21/6/202210:40CML Microsystems - With Charts and News712
10/7/201123:32CML IT hardware that pays a dividend!193
02/12/200210:35CML - price below NAV, massive yield, recovery in the offing...18
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2022-07-01 14:03:55352.0075264.00O
2022-07-01 13:00:48352.003881,365.76O
2022-07-01 10:50:33352.232,5008,805.75O
2022-07-01 10:40:20352.23280986.24O
2022-07-01 06:16:15350.005,00017,500.00O
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Cml Microsystems Daily Update: Cml Microsystems Plc is listed in the Technology Hardware & Equipment sector of the London Stock Exchange with ticker CML. The last closing price for Cml Microsystems was 350p.
Cml Microsystems Plc has a 4 week average price of 350p and a 12 week average price of 347p.
The 1 year high share price is 469p while the 1 year low share price is currently 338p.
There are currently 16,551,685 shares in issue and the average daily traded volume is 2,749 shares. The market capitalisation of Cml Microsystems Plc is £57,930,897.50.
bones: Read across from giant competitor STM (based in Europe, quoted in the US): CML is in the right place here. "....ST will leverage its early focus on three long-term enablers: smart mobility, power and energy management, and IoT & connectivity....."
km18: CML Microsystems PLC comprises divisions providing designs and solutions across the semiconductor equipment industry. The firm is engaged in narrowband communications integrated circuits which are useful to construct wireless data, satellite communications and marine radio applications. Given the wide range of semiconductor solutions, the firm managed to perform ahead of market expectations with a robust net cash position of £25m, yielding future organic growth. This plausible market news was reflected on the solid EV/EBITDA of 15.02x, thus capturing intrinsic value.
bones: That’s the buyback programme completed, with the customary CML efficiency! I guess there were known sellers and the partial liquidation of the JM Gurry estate already lined up. Keeps the share base tight.
metis20: hTTps:// 150k at 355p yesterday Daily average is only about 25k shares! Share buyback programme announced yesterday hTTps://
sev22: 'Tap into a lowly rated high growth technology play' A Maldon-based semiconductor chip designer and manufacturer is outperforming and is well funded to accelerate growth in a market that is exhibiting secular growth mega trends. It also offers hidden value. April 13, 2022 By Simon Thompson *Trading ahead of analysts’ annual pre-tax profit forecasts of £2mn, up from £1.1mn in 2020/21 *Net cash of £25mn (150p a share), up from £22.6mn at 30 September 2021 *Strong forward order book stretching beyond 12 months Maldon-based semiconductor chip designer and manufacturer CML Microsystems (CML:380p) is reaping the benefits of the strong secular drivers in its end markets. Following the strategic disposal of its solid-state storage division, CML is a pure-play on the high growth industrial communications market. Specifically, it provides integrated circuits to distributors and system integrators (Cobra, Hytera, Icom, Kenwood, Orbcomm and Sepura are all clients). CML is not only leveraging its standing as a key supplier to many of the world's Tier 1 equipment manufacturers, but is well funded to accelerate growth in a market that is exhibiting secular growth mega trends. Key drivers are increasing demand for data to be transmitted faster and more securely, the upgrading of telecoms infrastructure, and the growing prevalence of private commercial wireless networks for voice and data communications linked to the industrial internet of things (IIoT). In data-centric markets, higher data throughput from terrestrial and satellite communications applications are required to meet the needs of the growing machine-to-machine (M2M) and IIoT market segments. CML’s addressable market is worth $1bn (£768bn) and includes a number of key growth areas in the coming years: critical infrastructure (public utilities, smart grid, RF identification (RFID)); 5G (repeaters, small/pico cells, fixed wireless access, distributed antenna systems, smart meters); and satellite communications (terminals, broadband access). To address these multiple growth markets, CML has been expanding its semiconductor product portfolio by adding narrowband applications operating at the lower end of the radio spectrum. As opposed to broadband, these applications use short-range fixed-location wireless applications such as RFID, commercial vehicle remote keyless entry devices or narrowband-IoT focused on indoor coverage, low cost, long battery life and high connection density. The acquisition of a third-party design house, PRFI, has been instrumental in widening the product offering and addressable markets. PRFI is an approved third-party design house for several leading global semiconductor companies and boasts an impressive client roster that includes BAE Systems, Huawei, Inmarsat, National Semiconductor, QinetiQ, Samsung, Sony Semiconductor and Thales. PRFI was acquired not only for its expertise in microwave and millimetre-wave frequencies, including wide band applications for high data rate applications, but to speed up the time-to-market for new products. It’s doing just that, launching a new SµRF range of high frequency, high bandwidth integrated circuits targeting RF and millimetre-wave frequencies in emerging markets such as 5G, satellite and IoT. First orders have already been received from early-stage adopters within vehicle tracking and smart grid applications. Importantly, CML’s diverse, blue-chip client base includes some of the world's leading commercial and industrial product manufacturers, and the spread of its customers and diversity of the product range help protect the business from the cyclicality usually associated with the semiconductor industry. Moreover, CML’s proprietary IP, reputation for quality and reliability, and single-source supplier status means that once its chips are designed in a client’s product then it rarely loses a contract given the significant product redesign required for the client to take its business elsewhere. Furthermore, CML works closely with clients through the product development cycle, to reduce the time-to-market and de-risk the future sales cycle. Effectively, this ‘one-stop shop’ offering is an extension of the customer’s own engineering team. CML utilises a combination of outsourced manufacturing and in-house testing, employing 147 staff, of which 40 per cent are engineers, across operations in the UK, Asia and the US. Currently, a high proportion of sales are derived from Professional Mobile Radios (the network of choice for the police, ambulance service, military and other critical infrastructure markets), and data-centric wireless applications (critical infrastructure, public utilities, smart grid). 5G infrastructure (base stations, small cells, distributed antenna systems) and satellite communications are a smaller part of the mix, but their contribution is forecast to ramp up in the coming years. The secular growth drivers are driving revenue and profits upwards. CML has outperformed house broker Shore Capital’s previously upgraded full-year earnings estimates and is well set to lift pre-tax profit by 25 per cent to £2.5mn on 11 per cent higher revenue of £17.6mn in the new financial year. On this basis, the shares are rated on an attractive cash-adjusted forward price/earnings (PE) ratio of 15 and offer a prospective dividend yield of 2.8 per cent. A recently announced earnings accertive £3mn share buy-back programme is another bull point. CML has hidden value in its balance sheet, too, owning valuable unencumbered investment property near Chelmsford as well as the old Microsense facility at Portsmouth which is let to a third party. These properties were last valued at £3.78mn, a valuation well underpinned by rental income of £0.34mn. In addition, the unencumbered property and 29 acres of surplus land at the Maldon headquarters has a £4.5mn carrying value, or less than half its estimated open market value. I initiated coverage, at 400p, earlier this year (Alpha Report: ‘Profit from semiconductor megatrends’, 4 February 2022), and see potential for almost 50 per cent share price upside to my 550p target price. BUY.
hew: "see potential for almost 50 per cent share price upside to my 550p target price. Buy."
linton5: Cml has Only 17million shares and going to purchase 3million back 25mill cash and no debt. Say no more
bones: CML initiating a share buy back programme of up to £3M. Like me, they must feel the shares are underpriced.
bones: Welcome hew. Apart from the secular 5G/IOT story, CML has a stack of cash from its sale of the Storage division for $49M last year. Since then CML has paid out £1 per share in surplus capital and special dividends. Yet it still had £23M cash, a good proportion of the market value. Apart from the organic growth story, I believe there is the prospect of selected acquisitions and, behind it all, the possibility of being acquired by the many bigger players in the RF/mmWave space. Recently, the leading US RF products distribution group, RFMW, agreed to be one of CML’s worldwide distributors (having been only the US territory distributor for CML). I continue to believe CML has a lot to go for.
bones: This recent release from one of CML’s main US based distributors looks promising for the new SuRF range: ”RFMW and CML Microcircuits (USA) Inc. are excited to announce the expansion of their already-successful business relationship. Their existing distribution agreement has now been widened to include global marketing and sales of the CML product portfolio. This partnership is poised to build on the success of CML’s new SµRF range of high frequency, high bandwidth ICs targeting RF and mmWave markets. The SµRF range is a perfect fit for the RFMW distribution product line and presents an exciting opportunity to distribute and promote these products on a global scale. RFMW is a specialized distributor providing customers and suppliers with focused distribution of RF and microwave components as well as specialized component-engineering support. Under the agreement, RFMW is now franchised to market and sell the CML product offerings worldwide.”
Cml Microsystems share price data is direct from the London Stock Exchange
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