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coste up more than 21%...
Net operating income c 20% higher versus H1 2022. Strategic delivery of 3-year
growth plan on track. CMC Invest launched in the UK.
H1 2023 net operating income is expected to be approximately £153 million.
(H1 2022: £127 million +21% yoy).
The CMC Group is proud to launch its new UK investment platform -
CMC Invest (https://www.cmcinvest.com/en-gb/)
* Planned new business expansion to grow group net operating income by 30% over
the next three years based on the 2022 results and underlying conditions
remains on track.
Underlying market activity improvement through August and September
underpinned an improvement in net operating income for the Group in the
period.
Client leveraged AUM finished at c £530 million, slightly below the
historical period-end record of c £560 million but remaining at elevated
levels. H1 2023 active leveraged clients are moderately lower compared to H1
2022, offset by an overall increase in activity.
Operating income up 26 million but operating costs up 25 million.... so poor performance overall. Not a buy for me.
Hi DenFos I appriciate your reply.
I bought some as well yesterday somewhere in the 213s - I'll have another look at the last 2 RNSs which one had the increased costs of 5% which, in theory, should have been obliberated by the incrased trading environment. I am also in IG index which seems to be ok for now. I just think the CMCX is more oversold and should bounce harder.
The issue is that everything is getting sold at the mo that includes SB companies that actually are making more money.
Exception would be TP icap which only seems to go up now. Best of luck for next week, Cheap
Many more ££££ of these bought today at 214.5. Average of 219. H1 2023 pre-close trading update on 6th October. If volatility like cheapshare says this should soar on the day…!!!!!
Not it’s not
You slept all summer I take it
er…..posted 26 Aug '22…post is 100 percent correct….
Lack of volatility
You been asleep I take it??
Haha
Well Punter64, share price now below 220p.....go on go on go on dip your toe in !!
Lack of volatility, a weak pound and unfavourable exchange rates are killing the share price. Maybe a re-test of the 220 area would be a good thing, so it can spring back after that.
I imagine that the retail platform "CMC Invest" should be launching soon. I think the last announcement said it would launch towards the end of the summer. I had assumed 2022.
Retail platforms seem to me to be an overpopulated market anyway. A lot of strong incumbents in there. Maybe CMC will surprise me with some new innovation.
Mainly buys going through at full Ask but the sp keeps falling further. I suspect a big sell order is being filled in the background. Probably pop up later in the day
Just trying to figure out what is behind this rapid drop since yesterday afternoon. May dip my toe in if it drops below 220
Doesnt phase me one bit...I think in terms of years not days or months
Wait for new share service and stock split. imho this will more than double from here
looks like the ar*e is falling out of this - big seller behind the drop?
Which works for me as I can pop up on the cheap
Well yes, but your proven numpty has been proven correct - it has hit 228p
Take a look at MCRO..,.down graded then all of a sudden (From Canada coincidentally) a bid of 5.1Bn comes in @ 532 when SP was 267
Graded it down then offer on..take over UK Plc
At these low levels a bid could emerge ? Would Lord Lucas be willing to sell and at what price ? CGenuity probably not incorporated a bid or other expansion plan scenarios into their sophisticated model. I can see higher cfd activity emerging the more volatile markets get which will help CMCX. Anyhows DYOR !!
Surely PI’s have their own reasons for investing, so why sell on the back of a proven numpty says? Nothing has changed here - volatility is still around and you won’t want to be out of this when Cruddas does the split
Not about share forecasts its all about their own agenda. It amazes me how the share price moves when one of these muppets set price targets..........in May a broker set a price target of £72 on ASOS, its now £7.50 yeah great top marks......bunch of clowns
Looks like they were right and this is heading foe 228 or lower
Not sure why people listen to these idiots!