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Are the board awarding themselves some free shares? At least somebody is making a profit at this price…
Will see money flow back into the markets when they start the real recovery. Volume has been very low so could be a good time to add at these levels
Sold this last year, looks like now its the good time to get back in
>He clearly sees greener pastures elsewhere. If the CFO is giving up on CMC why should anybody else invest?
No really. Hes been at CMC for 12 years! People move jobs? More money , less travel , better incentives blah blah
He clearly sees greener pastures elsewhere. If the CFO is giving up on CMC why should anybody else invest?
https://www.londonstockexchange.com/news-article/CMCX/directorate-change/16031140
Difficult one to value, is Peter Crudas any longer up to it?
AceOfClubs
Https://twitter.com/ft/status/1676812935400660992?s=46&t=ozDXWSe2vEVAUkFdZrrcAQ
I have a feeling that someone has that in hand
The depth of Due Diligence is impressive. Thanks for the link.
Even if crypto is finished (spoiler alert - it isn't) Blockchain will be the future for many assets to record ownership and avoid settlement problems.
All I heard was that the size of the opportunity was massive (every founder says this), and that they saw potential in physical assets on the blockchain (been tried and failed many times). There's barely any interest in trading Bitcoin these days, with exchange volumes dropping off a cliff, let alone these more idiosyncratic contracts.
This is worth watching and may help/reassure the StrikeX doubters. Simon and Laurence, the two CMC additions be the StrikeX board, take part.
This is an AMA or Ask Me Anything, it is an opportunity for holders to ask the board pretty much anything. It's a crypto thing and traditional stock investors may not be familiar with the format. It is worth persevering with it as it clearly indicates the length of the DD that went into the deal and what the vision for the future is.
https://m.youtube.com/watch?v=M1_KiNZh50I
Hope it helps.
Share price now a joke. To put it into perspective CMC is now sitting on cash circa to its enterprise value?
Or another way of putting it; its market cap is nearly equal to its cash + assets; i.e the business which generated (£m 101 226 , 93.7, 54.5) net profit per annum (2020 - 2023) is worth nothing?
Similar, lets hope so
7K shares. Was I right? 🐸
To see on the main advertising on Sky Sports News an ad for CMC Invest
Prior to the results yesterday, the consensus was roughly: £315m net operating income; £67m PBT; £50m PAT; 18p EPS. With the guide of 15-20% decline in trading activity for Q1, I assume those will be revised down.
I believe forecast eps to be. 17.9p
What is the guidance for 2024, what is the estimated PAT and EPS?
It's in the annual report on their website.
I can't find it in the report Beth, where abouts is the footnote?
Don't know much about StrikeX but seems like to a good investment in the right area.
I am in this for the long game - the 3 year outlook remains for growth. Trading activity goes up and down and can change very quickly.
As per the footnote in the annual report, they paid £2.8m for the stake in StrikeX.
Client trading activity down 15-20% in Q1... If that continues throughout the year then they'll roughly breakeven for 2024 (not end of the world).
Bought £50k of shares this morning. The results weren't spectacular but this is a solid business doing all of the right things and I expect it to become a takeover target eventually.
Wished they'd waited until now to do the share buy back! What a joke. They drop us 20% on intra day trading update and then when they hit expectations, they drop us another 5%. It's a total stich up