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CML Cml Microsystems Plc

-14.00 (-3.67%)
05 Dec 2023 - Closed
Delayed by 15 minutes
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
  -14.00 -3.67% 367.00 99,344 16:21:54
Bid Price Offer Price High Price Low Price Open Price
364.00 370.00 381.00 348.00 381.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Electronic Components, Nec 20.64M 4.81M 0.3023 12.14 58.4M
Last Trade Time Trade Type Trade Size Trade Price Currency
17:10:27 O 10,000 360.00 GBX

Cml Microsystems (CML) Latest News (5)

Cml Microsystems (CML) Discussions and Chat

Cml Microsystems Forums and Chat

Date Time Title Posts
05/12/202312:48CML Microsystems - With Charts and News807
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 (CML) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2023-12-05 18:38:00360.0010,00036,000.00O
2023-12-05 17:26:00368.005,00018,400.00O
2023-12-05 17:10:27367.003,40012,478.00O
2023-12-05 16:30:02365.255001,826.25O
2023-12-05 16:21:47367.901,0003,679.00O

Cml Microsystems (CML) Top Chat Posts

Top Posts
Posted at 05/12/2023 08:20 by Cml Microsystems Daily Update
Cml Microsystems Plc is listed in the Electronic Components, Nec sector of the London Stock Exchange with ticker CML. The last closing price for Cml Microsystems was 381p.
Cml Microsystems currently has 15,912,744 shares in issue. The market capitalisation of Cml Microsystems is £58,399,770.
Cml Microsystems has a price to earnings ratio (PE ratio) of 12.14.
This morning CML shares opened at 381p
Posted at 30/10/2023 14:59 by roddiemac2

It cannot have escaped your notice that many shares have been hammered in the last few weeks; the carnage has been fairly indiscriminate. Against this backdrop CML has fallen in mostly small daily volume.I don`t think that CML have lost credibility .With half year results due on the 5/12/23 ---not long to wait
Posted at 29/10/2023 17:43 by ntv
Not surprised this has fallen away so much
Company bought in shares and then reissued them about 20% lower price
That large 250k buyback in a lump is a bit suspicious to me
The company has lost credibility imho and has got a lot to do to get that back
Posted at 27/6/2023 15:36 by roddiemac2
Many years ago they did make noises about considering going private. I asked Chris Gurry why. He was concerned that the low share price was putting off potential customers in the US. I said that they needed to get their story across more vigorously and in more detail. Back in those days there was little segment by segment break down of the business in the printed version of the accounts. That has changed now..
----I will sound them out as to whether or not the option of going private might be considered at some point
Posted at 27/6/2023 11:21 by steeplejack
A nominal spread of 7% is off-putting.There217;s little money to be made in running a book in a small company like CML.It’s too low cap to attract interest from other than a few small company orientated funds and private clients.Increasingly,companies like CML will eschew a stock exchange listing and go private.CML looks cheap but is likely to remain so in a risk averse market.I think it was Simon Thompson who commented that either CML rerated or ultimately it would get taken over.That’s possible but so is going private.
Posted at 27/6/2023 07:35 by roddiemac2

I look at things this way:-- Our "job" as investors is to notice when trading seems irrational , and to take advantage accordingly. In CML`s case I have been surprised by
how low the shares drifted in recent weeks ( albeit in mostly thin trading ). I am confident that in the medium to long term the price of CML`s shares will better reflect their performance and prospects. Accordingly , I increased my holding ; patience should pay.
Posted at 27/6/2023 06:38 by 1c3479z
agree, was expecting the worst after the recent share price decline but can't see much wrong with these results other than the delay in acquiring the micro tech american company due to regulation.
Posted at 05/6/2023 11:45 by ntv
Trying to find out why there is a fall in the share price
Posted at 17/2/2023 07:04 by someuwin
17 February 2023

CML Microsystems Plc

("CML", the "Company" or the "Group")

Oval Park Planning Progress

State of the art business hub planned for land excess to CML's trading requirements at its current 29-acre site

CML Microsystems Plc, which develops mixed-signal, RF, and microwave semiconductors for global communications markets, is pleased to announce that conditional planning approval has been granted at its current 29-acre site located at Oval Park, Maldon.

On 26 September 2022, the Company announced that it had signed sale contracts with two separate parties, subject to planning permission. At a meeting of the Maldon District Council on 16th February 2023, conditional planning approval was granted on all four planning applications relating to the development of Oval Park (Application numbers 2200840FUL, 2200858FUL, 200841OUT and 2200837FUL). Final approval is subject to the completion of the necessary Section 106 Unilateral Undertakings relating to the payment of a financial contribution towards the County Council's costs of monitoring a Travel Plan. The decision notices granting planning permission should be issued once the Unilateral Undertakings are complete which is expected shortly.

The transformation of the brownfield Oval Park site is expected to bring over 200 jobs to the district by 2024 and potentially many more in the following years. Two world-leading organisations, Maldon Crystal Salt company and Tecniq, plan to relocate to the site providing the cornerstone of the development of Oval Park.

Works on the site are expected to commence this Autumn.

Nigel Clark, Chairman of CML Microsystems commented:

"This transaction yields funds from an underutilised asset which will benefit the business moving forward. It underpins the Group's well publicised strategy as a pure play semiconductor business with a sole focus on global communications markets."
Posted at 17/1/2023 09:13 by hew
I like to think that CML sees this acq. as a significant step in strategy as well as a tactical broadening of the current business. I'm glad that Chris Gurry's words do refer to the strategic aspect, but "multi-year growth strategy..... over the medium term" could have been stronger regarding growth.

Can't complain about the recent share price movement but that cash pile building over the last few years did need to be used, and I'm staying positive.

"Chris Gurry, CML's Group Managing Director commented: "MwT's dedicated and very experienced team will accelerate our multi-year growth strategy. Their technical knowhow, product range and trading relationships enhance the Group's existing competencies and a shared strong emphasis on cultural synergy and strategic future direction bodes well for the combined businesses over the medium term. CML is committed to supporting MwT's existing customer base globally and, in particular, the USA market."
Posted at 14/4/2022 07:10 by 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.
Cml Microsystems share price data is direct from the London Stock Exchange

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