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Not sure if I buy the narrative of things being fine after customers' inventories are back at normal levels. Would have expected a stronger statement on how they will more proactively pursue higher-value sales mix.
Its uk listed rather than US
Came across this today and I can't understand why its not higher. MC 60mil rev over 20mil in cash, no debt, insiders own nearly 25%, in a hot industry, Semiconductors. growing dividend and buying back shares, am I missing something?
For interest, following my catch up.
https://martinflitton1.wixsite.com/privatepunter/post/cml-micro-could-be-worth-a-connection-15-12-23
Caught up with management yesterday and very impressed with the story.
Particularly interested to hear that they had teamed up with Cambridge Consultants in order to develop a solution to the DRM market and which was launched in September.
I'll be putting a write up together on the back of the catch up and will post in due course for interest.
• ASML is not a particularly informative read across to CML.
• CML’s last update, which was positive.
• The last update from Motorola Solutions (a big player in the Land Mobile Radio market), which highlighted strong LMR demand in both North America and International (partly driven by ongoing P25 upgrade cycle).
https://www.motorolasolutions.com/content/dam/msi/investors/doc_financials/2023/q2/q2_2023_msi_earnings_transcript_08-03-23_final.pdf
https://www.motorolasolutions.com/content/dam/msi/investors/doc_financials/2023/q2/q2_2023_msi_earnings_slides_final.pdf
https://cumberlink.com/news/local/govt-and-politics/cumberland-county-could-have-upgraded-radio-system-up-and-running-by-late-spring-2025
• And this report from FMI
https://www.futuremarketinsights.com/reports/land-mobile-radio-system-market
STRONG BUY !
Well, we can hope......but the US PE allowed CML to buy a US co in the space without a fight.
No, Battersea, just on blind faith in the stupidity of US private equity and someone's view that this high-tech comms stuff should be grabbed-up at whatever price
Is your hope based on anything?
I have hopes that this will rise to £14+ at some point!
Surprising to see the muted share price reaction!
The deal is not even priced in as the stock is down 12% since 17th January when it was initially announced.
STRONG BUY
Well done, CML. Hope the acquisition will be value-adding/earnings-generating.
Today's statement points to further growth in revenue and operating income.
At 435p, CML’s stock has declined by 11% YTD (FTSE AIM All Share: -14%) and presently trades on 6.7x EV/EBITDA for FY24F. This represents growth at a bargain price against a backdrop of robust demand across key serviceable markets, with attractive risk/reward underpinned by strong strategic execution in its chosen markets, major asset backing (notably the net cash), further product developments post the MwT acquisition, and additional M&A potential (following on from MwT this year and PFRI in 2020) - STRONG BUY
ASML results show that the trough in the semi cycle is now behind us. CML has retraced a lot and now screens very cheap on EV/EBIT and P/E. STRONG BUY
Hello everyone. I'm new to this board. CML has hit upper BB line on 6m and 3m charts . SP correction after period of rapid rise. Encouragingly, 1m chart indicates first crossover of lower BB line. Look for second crossover then expect rise to follow. As ever do your own research and look at multiple signals as well as company and market backdrop. Good Luck. TT
Had expected the sp to falter this week, however there was some good news ready to surface after all. The spread has gone out to 30p again. No point in selling now.
These past few months was looking at EnSilica (ENSI) and wondering if a good fit with CML or a direct competitor. Anybody have a good idea? They came out with good news of a €5.0m satellite broadband chip development contract with ESA today as well as Interims. Their order book is growing but not yet in as strong a financial position as CML, can't be ignored though.
Sooner than I expected. Council Planning have approved the plans for the investment property which will now be divested by CML. CML should soon be eligible for IHT relief and will probably be added to IHT portfolios.
Chair's statement in today's RNS:
"This transaction yields funds from an underutilised asset which will benefit the business moving forward. It underpins the Group's well publicised strategy as a pure play semiconductor business with a sole focus on global communications markets."
During the the week I sold Kape and invested in CML. The deciding factor was reviewing the CML Balance sheet. There is clearly deep value here.
In addition, CML is partly IHT qualifying. The reason I say partly is because the Group has an "investment property" the company used to trade from which is surplus to operational requirements. It is held for sale and expected to be divested in the near term. Once that is done it should be fully IHT qualifying making CML eligible for IHT portfolios. With the current significant cash balance further enhanced it will accelerate growth through increased R&D spend and acquisitions.
I don't believe it is speculative, DYOR & GLA.
A friend(ramper) tipped this@ ~£2.00. As I have lost thousands on his previous tips, I ignored it. They later sold Land & a major part of the company then returned £1.0 per share to shareholders. Simple asset-stripping. Now hoping to sell remaining land and fishing for a buyer for what remains of the company. Speculative or fools gold?
Holding some of these. Wondered about the increased activity in this stock yesterday. Nothing really exciting ready to be announced, just a share tip in the Investors Chronicle. He's tipped this before, price went up, then came back down.
Not that long since these were pushed to 750 on 'bull', the CFO cashed in & left then it was back to rock bottom!
"Those who don't learn from history are destined to repeat it"
...day of around 12 times daily average and above expectation results expected on 22 nov and with a sizable cash pile too i'm wondering if there's some corporate action going on in the background...
https://www.londonstockexchange.com/news-article/CML/transaction-in-own-shares/15413174
150k at 355p yesterday
Daily average is only about 25k shares!
Share buyback programme announced yesterday
https://www.londonstockexchange.com/news-article/CML/share-buyback-programme/15411652
valuation gap with peers glaring imv