what recovery? They didn't even have the decency to release earnings pre-market - they think they can drop the trading update mid-day on Friday when no one is watching. |
Another one to watch for the recovery. Currently no interest and just off all time lows. |
200k sold after 4pm knocked 30% off the share price.
I hold no position in CMO |
CMO Group PLC, the UK’s largest online only retailer of building materials and products, has expanded its offering with the launch of Landscaping Superstore. The new superstore provides trade and DIY customers with quick and convenient access to over 6000 different products for all aspects of garden design and maintenance. |
didn't realise Ken Ford (of SDI) was chairman here- anyhow he's just bought 80k shares |
That was a large buy today which seems to have shifted the overhang |
Shares look too cheap but volume of trades is so small at present and discourages interest. Hoping for a positive statement at the agm |
Markets are nuts |
Markets are nuts |
Results tomorrow and at almost all time low |
Decent res7lts nothing amazing but definitely deserves to be in a better place than all time low,that’s the market for you though,will keep on watchlist |
 I've no position here and I have to say this looks like toast. Started looking at it as it came up on a cheap screen. I own Victorian Plumbing.
CMO does not have the scale to compete with large companies and it appears to be building up inventories despite trumpeting a negative working capital model. Net cash (own own cash after paying out creditors) is declining. Curious why this has not been bought by Victorian Plumbing or more likely VIC can so outspend CMO on SEO that it doesn't need the headache of integrating an acquisition. That said, VIC does need to expand outside the plumbing vertical at some point as it is so dominant and if it wants to grow. And this could be a cheap entry point. Just a thought.
Plumbing Superstore (and clickbasin) does not even appear on VIC's list of competitors. VIC also spends over 20% of its revenues on SEO, whereas CMO is talking about 5%.
VIC trades more cheaply than CMO on an EV/EBITDA basis (4.25 times) and has plenty of net cash and will emerge from a recession, whereas difficult to see CMO making it.
I'm not here deramping or have a bear position. |
Those results were not as bad as the share price would have you believe. |
clearly a seller around -
Online limits from 25k max to 50k at 37.85p - |
First time today they've cut limits online a bit -
25k to 15k at 37.98p - |
Couldn't resist, I've taken a few
gla |
and who would they be dumping them on? takes a buyer at somee price? |
Vol is only 66k -
If one of the institutions is dumping, and there are quite a few in here then expect a big dump to show @ some point -
That is, if they are - |
It's worth adding, that there's only 12k of shares showing on the bid/ask, at CMO.
That tiddler total is spit over 6 mm's, each with 2k.
f |
I'm in with a medium lump of CMO, which can now be got at 40 p.
As mentioned above, it will only take a few worthwhile buys to see this much higher.
f |
....Only been about 10 sellers for say £10k.......whick is nothing on a market cap of £30m..........but it has brought the share price from yesterdays close of 77p.....and todays start of 60p ......steadily down to my 43p
what can I say.....but if it brought it down that quick with only 10 sell trades for really low volume....all we need is a bit of buying trades....whether a punt or investment to take it back to at least 55p......GLA |
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