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So income down less than 1% & SP drops 21%.
I know the market is still jittery but those figures still don't add up.
Alliance News says its all
"As a result, CMC forecast financial year 2023 net operating income between GBP280 million and GBP290 million, with operating costs expected to be in the range of GBP215 million and GBP220 million.
In the year to March 31, 2022, CMC reported net operating income of GBP281.9 million, so at worst, it forecasts a 0.7% decline.
Shares in the company closed 21% lower at 184.20 pence each in London on Monday."
Wouldnt be surprised to see a large director buy or even an offer now (I know the Cruddas's holds 62%)
Cant help but think there's an ulterior motive
Will also be interesting to see what Tellworth do. I cant see them sitting still. Will they increase or close out?
Quite pathetic dropping this 21% It does seem like a fix sometimes! Have to wait and see how many shorts increased last week. Makes it hard to be a LTH
Usual OTT over reaction. Glad i'm in no hurry. GLA
Yes, it does seem odd. March volatility should have meant higher volumes too.
I've know them drop intraday bombshells before, it was some years ago but it did happen.
Is it just me or does it seem odd they put this out when march hasnt even finished?
A trading statement at 15:51 - when does that ever happen?
Trading statement saying March was tough. Looks like Op profit will be between 60m and 75mn - mkt consensus currently around 72m, so certainly a chance of a bit of disappointment in the numbers.
Down 7% in 5 mins? No news?
IG had a terrible trading update today….knock-on effect….
Why does a company that thrives of volatility see a downward trend in its SP?
When it pops £3 they can always double down.
Wonder if Tellworth are reducing?
+4.3% so far today...
nice pop this morning, i also hold Plus500 which is now trading at or close to ATH
I bought a 1000 shares just now via HL as a toe dipping exercise. I have held CMCX before but sold some time ago as it was battered by regulators and sentiment. I also hold a small stake in 888.
I just buy the dips here and trim the rises - worked well for over a year. Rinse and repeat.
The volume is so low its easy for any short institution to keep the price down with little effort. At 3 o'clock yesterday we had a SETS volume of just 6200!
Patience this will turn IMHO
Even worse, perhaps yet another test of the 220p area! If the price rises 250p+, the divi yield drops below 5 percent, perhaps institutional buyers don’t want this share with a yield of under 5 percent?
Once again, drops after a pretty healthy update
(Alliance News) - CMC Markets PLC on Wednesday said net operating income saw an upswing as it continues to expand and upgrade its products.
The London-based online trading platform said net operating income for the financial year ending March 31 is in line with expectations.
After a downturn in net operating income towards the end of calendar 2022, there has been a strong recovery in January, CMC Markets said.
The contracts-for-difference trading provider said monthly active clients, assets under management, and assets under administration in its investing and trading business have remained stable compared with the first half of financial 2023.
...this Wednesday.
Definitely Trek..for my money it should at least be in the 280-300 range