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
  -2.00 -0.47% 423.00 2,213 09:00:28
Bid Price Offer Price High Price Low Price Open Price
410.00 436.00 425.00 423.00 425.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Technology Hardware & Equipment 26.42 1.37 8.98 47.1 70
Last Trade Time Trade Type Trade Size Trade Price Currency
15:24:40 O 28 429.00 GBX

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Date Time Title Posts
12/1/202111:46CML Microsystems - With Charts and News476
10/7/201122:32CML IT hardware that pays a dividend!193
02/12/200210:35CML - price below NAV, massive yield, recovery in the offing...18
01/5/200220:40going up in a world going down21

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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 425p.
Cml Microsystems Plc has a 4 week average price of 350p and a 12 week average price of 229p.
The 1 year high share price is 430p while the 1 year low share price is currently 166.50p.
There are currently 16,562,652 shares in issue and the average daily traded volume is 14,457 shares. The market capitalisation of Cml Microsystems Plc is £70,060,017.96.
bones: Thanks, Roddiemac2, for the comments and information. You raise two areas where I did not emphasise advantage and that is (1) the income attraction, strong cash flow and dividends, and (2) asset backing. At current valuation, CML appears to be a sitting duck for any keen aggressor thinking of an outsized bid.
roddiemac2: bones You have summed the situation up very well. "The board’s average age is well in the 60’s, so some must be thinking of retirement at some stage!"--- Several years ago, at the AGM, I did ask Chris Gurry If they were aiming to sell the business at some point. He said "not yet". "I have to assume that CML now has a war chest to expand M&A, as there has been no talk of returning the cash to shareholders."--- CML have returned cash to shareholders, by way of a special dividend,on several occasions in the past, but they do look to be getting all their ducks in a row for expansion now. As well as the considerable cash pile, they own their own premises and surrounding land ( Oval Park ). On occasion, when I have called in there , it has been evident that they have ample spare space if staffing levels were to be increased. They are in a strong position to exploit opportunities as they arise.
bones: I feel certain that this will be a good investment at these levels. Market cap at £62M with an expected £36M (US$49M) cash due to come in from the sale of the Storage Division to Swissbit. At 30th September, there was £9M cash on the balance sheet. Let’s assume that balance is similar now and that’s potentially £45M of cash on board. So, ex-cash market cap is £17M on those assumptions. This is for a business that is now exclusively focussed on the Communications market, an area where CML sees considerable potential increasing its influence in the 5G and Internet-of-Things spaces. Communications had a relatively rough half year to 30/9/20 thanks to delayed demand resulting from Covid19 impacts on its customer markets plus they have not been helped in general by the fractures caused by the US/China trade spats. If, as we all hope, things slowly improve for the world economy from Covid19 vaccinations and possible improvements in trade relations once the new administration takes the reins in the US, things could look upwards for CML’s business. I have to assume that CML now has a war chest to expand M&A, as there has been no talk of returning the cash to shareholders. They acquired PRFI in March 2020 which adds more R&D and IP to the group. I guess it was a small purchase as the sum paid was not disclosed. So, perhaps the next acquisition will be a lot more juicy and earnings enhancing? Overall, I am excited by the outlook and for the market to attribute just £17M (excluding cash) to the Communications/5G/IoT activities, seems out of line! The board at CML is long serving and experienced, always conservative. That’s something I like. Question remains for me is how “racey” or “daring” will they be with the new streamlined arrangement and a pot of cash to hand? The board’s average age is well in the 60’s, so some must be thinking of retirement at some stage! Perhaps new blood will arrive with a future, major acquisition?
roddiemac2: Hyperstone was bought 3/7/2003 CML is initially acquiring 98.8% of the share capital for a cash consideration of €4.634 million and warrants totalling 77,325 Ordinary 5p Shares in CML (' Ordinary Shares') valued at €0.227 million. Additionally, CML will enable Hyperstone to repay shareholder loans of €2.344 million paying €1.419 million upon completion and the balance out of Hyperstone's future profits after tax. Following the Acquisition, employee share rights will convert to shares and CML has agreed to acquire these from employees for a cash consideration of €0.137 million and warrants totalling 39,687 Ordinary Shares valued at €0.116 million. All warrants issued as part of the transaction are convertible into Ordinary Shares between 2 January 2005 and 2 July 2006
scepticalinvestor: been a superb day for me so far - up in CML and APGN
roddiemac2: PUGUGLY, "Supply chain disruptions to date are minimal and of a short-term nature." I was concerned that this might not have been the case . If any company is in a good position to benefit when things improve it is CML. I note that they gave no figures in relation to their recent acquisition . I asked Chris Gurry about this. He said that no investors were given this info. I hope to see this included in the next results.
pugugly: roddiemac2 - I tried to buy but not much stock available and price moved against me too fast - but due to cash position have alerts set if any fall back - You take care and stay healthy.
roddiemac2: PUGUGLY, Fair comment. I have made some purchases in a couple of stocks in the last few days.I have not bought CML simply because I am overweight in them already. Whilst debt levels are going to cause problems in many companies , CML have no problems in that respect.
roddiemac2: PUg, Are you saying that you think the management of CML are suspect ?
pugugly: A reasonably upbeat statement in the current situation - China now back at work. " Despite turbulent times, the Board maintains its belief that the medium to long term growth drivers for our products and services are strong and, underpinned by a strong balance sheet with no debt, continues to expect a firm uplift in the Group's performance as global negative influencers subside." However (imo) this is the calm before the storm - UK looks to be heading into a category 5 hurricane - Lock down - troops on the street - many factories closed so we still have to cross the valley of death - The jouney - if one believes the "experts" may take until the autumn - Thus suspect management may be a little too confident.
Cml Microsystems share price data is direct from the London Stock Exchange
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