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% 315.00 2,000 08:00:00
Bid Price Offer Price High Price Low Price Open Price
310.00 320.00 315.00 315.00 315.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Technology Hardware & Equipment 26.42 1.37 8.98 35.1 52
Last Trade Time Trade Type Trade Size Trade Price Currency
10:06:02 O 2,000 310.25 GBX

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Date Time Title Posts
02/4/202110:19CML Microsystems - With Charts and News561
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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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 315p.
Cml Microsystems Plc has a 4 week average price of 315p and a 12 week average price of 315p.
The 1 year high share price is 430p 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 3,687 shares. The market capitalisation of Cml Microsystems Plc is £52,137,807.75.
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.
bones: About SµRF CML Microcircuit’s new SµRF range of high frequency, high bandwidth ICs targeting RF and mmWave, support emerging markets such as 5G, Satellite and IoT. By using our expertise in advanced IC design, CML has created a range of RFICs and MMICs that are high performance, simple to design with, and simple to use in mass-market applications.
bamboo2: Not sure if any use to find applications, but Digikey supplies CML gear. Https://
bones: Came across a PDF from 2017 which makes reference to CML product used by BT. Random observation, no more than that but it does at least suggest BT is one of CML's customers (no surprise really). "1.1 Brief Description The CMX602A is a low power CMOS integrated circuit for the reception of the physical layer signals used in BT's Calling Line Identification Service (CLIP), Bellcore's Calling Identity Delivery System (CID), the Cable Communications Association's Caller Display Services (CDS), and similar evolving systems. It also meets the requirements of emerging Caller Identity with Call Waiting services (CIDCW)."
bamboo2: hi bones/anyone, this has been on my watchlist for a while and a possible turn in the price has showed up on my chart for today. A few probably stupid questions! Is this return of capital as simple as it sounds, assuming shares are held in an isa or sipp [no tax implications]? Do we assume that the Share price will drop by 50p next Thursday, assuming all things being equal? After the 18/3/2021, could shares be sold, but the seller keeps the return? Tia
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.
sue1alan: Bones, CML has put in a number of planning applications over the years to develop the site. All have been rejected. I became aware of the latest application from the “Maldon Standard” dated 20th May 2020. This application is still pending. I can find no recent comments from CML on this or any other applications by them. The problem appears to be Maldon Council’s perception of over development of the site. CML’s latest application has therefore been scaled back. Also there is a significant local response to the latest application. I have read a few of the letters, none were supportive.
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
Cml Microsystems share price data is direct from the London Stock Exchange
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