The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
target 350p
CMC Markets PLC (LSE:CMCX)’s valuation is undemanding according to broker RBC Capital Markets which has reiterated its outperform, speculative risk rating on the company.
The broker has made minor tweaks to forecasts following CMC's pre-close statement but has left its price target unchanged at 350p.
“We continue to believe the legacy of profitability from the pandemic is underappreciated by the market, whilst initiatives to grow and diversify earnings are a further source of re-rating potential, if successful” the broker said in a note.
RBC said the current valuation of 9.7x current year estimated PE is undemanding for a high margin, capital generative, debt free business.
CMC is due to report first half results next Wednesday, 16 November.
Yes this has been sneaking up...up over 20% from lows , unfortunately my trades at 2.34p ish , sold now , usual trick profits kept in shares.....atb
Hopefully! Maybe some news on the split? It is almost a year ago since it was announced.
Something happening???
thanks LD should have done my homework ;)
RNS yesterday said it was. This should be moving up. We're down more than HL and they've just been hit with a multi million pound lawsuit on behalf of Woodford fund investors. What a joke
Is it? You sure about that?
Share buyback is now complete. Wonder how this will trade going forward...
PLUS 500 update should help here today
Its because Jefferies cut the price target from 340 to 275
Please note they short the sector! They have a had a price target of 20% and lower than the current on PLUS500 for at least 5 years (target no 1325 when price is 1765!) and a SELL rating on it> They dont like or understand this type of business
This is much more accurate IMHO:-
https://www.proactiveinvestors.co.uk/companies/news/994688/cmc-markets-analysts-upgrade-earnings-forecasts-for-full-year-994688.html
Not expensive but much more highly rated than plus 500 and a bit more than IG.
Should be no surprise thats its down.... operating costs are going up by as much as revenue therefore profits will probably be down vs last year and year before.
Well volcano, the eruption was yesterday and now the lava is flowing down again even further. Thought great results would invigorate this share, very strange.
The daily movements here are bordering on bizarre. Up on good results and back down again on macro economic news indicating the Fed will stand fast - no surprise there. However, the volatility is through the roof and one place where that is welcome is here. So why the weakness?
The founder of CMC Markets enjoyed some respite as traders took advantage of mounting economic uncertainty.
Lord Cruddas, who set up the trading platform in 1989, said the business has been boosted by market volatility and increased client trading.
In a trading update, CMC said revenues in the six months to the end of September were 21 per cent higher than a year earlier at around £153million. Shares rose 5.6 per cent, or 12.5p, to 235p.
Much Appreciated Mark .thank you
Huge disscrepancy to LSE *fundamentals * table
5.13%
Hi Guy.s .seeking info on accurate divi % or sum for on CMC.
LSE show a 10% + 229p figure whereas Diviend Max .( my usual.reference source ) show a totally different set of figures .looking for entry point .However some clarity would be welcome
I know which one I would take
https://www.proactiveinvestors.co.uk/companies/news/994688/cmc-markets-analysts-upgrade-earnings-forecasts-for-full-year-994688.html
Nuri, can you calculate the % of operating profit/ net operating income? its pretty much the same.
That said, half the costs in operating expenses look fixed to me. So what Nuri is saying has some merit and i would expect operating profit to be higher on this level of income.
The trading update focuses far to much on income/revenue in my opinion rather than profit. I don't think their metrics are properly aligned to shareholder wealth.
Haha, nuri has tried posting the same thing today on different cmc threads. How pathetic? Paid deramper or shorter. Sorry nuri, but you’re not going to convince anyone (least of all the market - seen the sp today?)that the trading update is anything but good, plus we’ve got the split coming soon. Move on
don't forget the share buy back and very good dividend payment ,what not to like ,up and away i say
Revenue up and costs up by almost same means static business. Read the update