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% 405.00 706 07:39:52
Bid Price Offer Price High Price Low Price Open Price
390.00 420.00 405.00 405.00 405.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Technology Hardware & Equipment 12.47 0.01 4.81 84.2 67
Last Trade Time Trade Type Trade Size Trade Price Currency
16:27:25 O 246 406.44 GBX

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Date Time Title Posts
17/8/202113:21CML Microsystems - With Charts and News650
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
01/5/200221:40going 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 405p.
Cml Microsystems Plc has a 4 week average price of 402p and a 12 week average price of 385p.
The 1 year high share price is 469p while the 1 year low share price is currently 229p.
There are currently 16,551,685 shares in issue and the average daily traded volume is 3,571 shares. The market capitalisation of Cml Microsystems Plc is £67,034,324.25.
bones: Lovely chunk of special dividend received on Friday and most of it reinvested back into CML today at a “buy the dip” price of 389.9. Happy to build a good stake here.
bones: Encouraging, if brief, update for the AGM today. I am sure the modest fanfare will yield to a much stronger performance as the FY22 period progresses. https://uk.advfn.com/stock-market/london/cml-microsystems-CML/share-news/CML-Microsystems-PLC-AGM-Statement/85749898
bones: It is worth another read through the commentaries by Nigel Clark and Chris Gurry, main directors of CML, in the recent final results release. Every time I study the comments, I see an ever increasing seam of bullishness emerging. The positivity in there and the barely disguised expectations of profitable expansion for the next five years is notable for a usually conservative board. They have clearly felt justified in the path they set themselves with the sale of Hyperstone and the acquisition of PRFI, both realised in 2020. CML is my third largest holding now but it currently occupies first place in my sense of what good things could be developing over the next two years. https://uk.advfn.com/stock-market/london/cml-microsystems-CML/share-news/CML-Microsystems-PLC-Final-Results/85356893
roddiemac2: There has been many a slip twixt cup and lip in the past. Anyone taking advantage of the fall to 33.5p in 2009 , and holding for the long term, has already made a fortune. ( the real money is invariably made in the long term ). I see absolutely no reason to top lop here. Unless the share price gets pumped up first, I would be surprised to see much of a retrace from here. I suspect they are tightly held now. That , plus the large spread will make them a difficult repeat trade. The AIM listing may improve liquidity and narrow the spread; we will see; a very strong hold for me , and I have a large holding.
roddiemac2: 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: Company moving its quote to AIM from main market to help liquidity and give it flexibility, etc, as well as improve the tax benefits for shareholders. Seems fair to me. Sounds like they have plans afoot to use their cash pile. https://uk.advfn.com/stock-market/london/cml-microsystems-CML/share-news/CML-Microsystems-PLC-Move-to-AIM-and-Board-Update/85252849
bones: Given the current dislocations in the semiconductor supply chains that are playing havoc with downstream demand for chips (witness the motor trade’s suspension of manufacturing and. even Apple complaining that it can’t source enough). I wonder if CML (which I understand is further upstream with its R&D specialisms so being a kind of raw material supplier itself as well as selling components for certain chip products of its customers) are contemplating whether to add some upstream verticals using their cash? As CML must depend in some part on third parties supplying certain raw materials and outsourced manufacturing processes, which could be an auction if there is a dogfight to obtain these goods and services, might there be some benefit in taking some of these processes in-house? That would bring some element of dependability to CML’s own supplies as well as add big value by no longer having to share the gross profit previously enjoyed by the third party which is now its subsidiary. These are just late day musings as I keep reading about the big effects that chip shortages are having on industries. I am not an expert in how CML fits into the chain (being a small player with certain specialisms) but I feel certain CML should benefit from the secular demand for its targeted 5G and IOT sectors. Any comments welcome.
bones: Thanks roddiemac2. That’s my kind of investment. All of mine are either long term IP development situations with large OEM’s interested in it or recovery stocks and often a combination of both. CML is a perfect example, added to which there is barely any retail interest. When it arrives to be met with a tight supply, then the share price could benefit strongly.
roddiemac2: sue1alan, I am told CML have withdrawn the last planning application they submitted. I will have to check everything I say here at a later date ( I am very busy with other things ) I feel any development of the site is something of a side show now. Countryside Homes of Brentwood have been handling the various applications, and I think at their own cost, so no loss to CML . When central government told the MDC that they should build around 3,000 new homes in the area ( from memory ) the MDC seem to have decided that this development would take place mostly or entirely to the North and South of the town. CML stands to the WNW .For what it is worth, there are no decent roads in and out of Maldon. CML stand on one of the worst of these roads,although only a few miles from the A12 and a rail connection at both Hatfield Peveral and Witham. Countryside appear to have been greedy when they first applied for planning for over 100 houses ( close to a village that probably counts its population in dozens.) I don`t know if Countryside intend to apply again for yet another reduced number of houses. CML do have permission for industrial use , but have not built any units. I think CML should concentrate on what it does best, and if anything comes of any future planning application it will simply be some icing on the cake: perhaps not much icing! I will endeavour to get more up to date with what CML are doing and report here in about a week.
bones: As mentioned in the last post, the sale of Hyperstone to Swissbit has now completed for $49M (£36M) cash. Probably another £7M-£9M in bank already? Freehold land valued years ago at £15M, probably worth way more now? Yet the market cap of CML is £63M, therefore probably below current tangible net asset value. Here is what the company said two months ago upon announcing the sale of Hyperstone: "The Disposal [of Hyperstone] reflects a strategic decision made by the Board to refocus the Group exclusively on the global Communications market. The Board believes the communications sector represents a large and high growth market opportunity for CML, which has been significantly enhanced through the acquisition of PRFI Limited in March 2020. The Disposal further enables CML to direct its efforts, including research and development spend, on capturing the exciting growth opportunities within the wireless communication markets, leveraging its standing as a key supplier to many of the world's Tier 1 equipment manufacturers...............The proceeds from the Disposal will provide the Group with the financial flexibility to maximise its future growth potential." How can Mr Market effectively attribute no value to this established and, according to CML's directors, potentially high growth business? The market is giving stratospheric values to loss making start-ups yet nothing to this business that continues to generate profits, cash and dividends, and is backed by tangible assets. Once the recent bumps in the road caused to CML by Covid and the US/China trade spat are behind them, CML's share price must surely re-rate significantly? I am betting on it and have bought a good pile of them over the last two months.
Cml Microsystems share price data is direct from the London Stock Exchange
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