The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Oh and "CMC Market reported a net operating income of 288 million pounds for the year compared with the analysts' consensus of 285 million pounds."
Remember the increased expenses are transient. Im buying more
For me more or less as expected:-
"We remain convinced about the long-term potential, but the short-term remains more challenging" - Peel Hunt
Now a Market Cap of cap of £450m with a working capital of £310m, cash circa £180m with no net debt paying a 5.3% dividend blah blah!
RNS not great but in line with guidance - next year looks average - not sure about sp as a consequence.
Beth, I rather think that you have missed the whole point here. As I posted earlier, don't think crypto but rather think blockchain technology. Like it or not blockchain is the future of investing. StrikeX have great technology and CMC are making a bold move to get ahead of the competition. They will certainly have paid way over 1million , I would hope at least 3 to gain access to the technology of the future. Not everyone has the vision or the courage to lead the way, CMC have done it before and now they are doing it again.
I assume we'll find out how much they paid for the 33% stake on Tuesday.
As an investor in CMC, I hate this on the face of it. If they've paid more than 1m I'm out. At a time when the SEC is going after coins and tokens that are securities (which StrikeX clearly is), this is such an unusual decision. They were even offering to give away Lamborghinis if the coin reached a certain price... I hope the CMC board has actually done some due diligence. Anyway, I hope they only invested an inconsequential amount.
I would much prefer that they focus on the core business for the results on Tuesday, but I guess that won't be the case now.
Market doesn't seem to like it much, down 3.3%
Seriously chaps you need to do a bit of research here to fully understand what this tie up could mean. I guess that you are stock investors and not crypto investors. I was the same just 2 years ago and since then I have been on a very steep learning curve.
Forget the term crypto but instead think blockchain. Blockchain is THE future of investing in the form of tokenised assets and clearly the board of CMC are fully aware of that. Enter Tradestrike/StrikeX, they are at the very cutting edge of this emerging revolution.
Check out their website;
https://tradestrike.io/strikex/
Then download their crypto wallet app, have a play with it and then compare it to Trustwallet and Metamask. They are the 2 market leaders with 10s of millions of users each. The StrikeX wallet is several generations ahead of them.
Next check out their Dex or decentralised exchange.
These are just for starters, they have in the pipeline their flagship main trading platform for tokenised stocks, bonds, precious metals and real estate. A stock token bridge etc, a whole ecosystem.
This tie up will be huge, it will lead the way by a country mile.
Thats not a subsidiary?
https://find-and-update.company-information.service.gov.uk/company/13625547
It looks like CMC have bought a stake in a company whose subsidiary has overdue filings at companies house. Well, I assume it's a subsidiary, we would know beyond doubt if they actually bothered to submit their paperwork on time.
https://find-and-update.company-information.service.gov.uk/company/14031382
I think it's gonna be an exciting rollercoaster ride for Strikex. I only got in a couple of months ago. Well done to their team, their hard work is about to pay off big time..
I couldn't agree more. I've been in strikeX since the start and I have been blown away by the rapid progress and success of the company. The native utility token is a great way to gain exposure to this success. Th e company and the token have a VERY bright future ahead. This collaboration should be positive for both companies.
Time to buy some StrikeX I think
Thanks threeputt. How do you see finals?
Dividend amount will be announced with the finals on 13th June, ie next Tuesday, and I imagine they will go ex-dividend in the middle of July
Anyone know when this will be announced?
Shore Capital Markets cuts CMC Markets to 'sell' from 'hold'
CMC in collaboration with Joe Kunkle, Options Hawk.
https://www.cmcmarkets.com/en-gb/share-baskets-trading/joe-kunkle?dclid=CIe5-o260v4CFRTh1QodaQIJDg&utm_source=gdn&utm_medium=display&utm_term=programmatic&utm_campaign=uk-prospecting-sharebaskets-2023&gclid=EAIaIQobChMIhpGk_rjS_gIVB-jtCh2_2AGnEAEYASAAEgL_CfD_BwE
176-192. What's occurring?
PS for legal reasons thats a joke!
Im a long term holder!!
LOL
Colluded Means Concluded, markets
I love the Freudian slip there Mark, I think you meant 'concluded' lol
The original decision was meant to be colluded by June 2022 (I cant remember if we've had prior official communication)
So clearly the decision was made not to do it
However my point is, given the current extremely deflated share price , will this prompt a reverso ?
Exactly. I first invested here just before that announcement - when is it going to happen?
PS and a market cap of £467m vs £722m!
Tellworth Investments LLP 0.48% 4 Apr 2023
Even the shorters are using this opportunity to close their positions
I genuinely this this price is a reflection of sentiment and very low volume due to fear of the unknown
its definitely not based on fundementals or technical analysis (heavily oversold now for 9 days!!)
Strangely enough I stumbled over an old CMC article about "Splitting up CMC is ‘bleeding obvious’, says founder Cruddas" - "he believed the £722 million business was “absolutely” undervalued by the stock market and that separating its two main divisions was a “no-brainer”.
I appreciate the review is long gone, but those statements were made at a price of @ 243