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So punter64, you operate on the basis that the market (and that is itself hard to define as it comprises many different elements) is always right ? Are a share holder in cmcx ? What about meme stocks then and their sp movements ? Are you an investor who judges a book by its cover therefore ? SHEL fell to c £9 in 2020, now it's c £20.....
Clued the only back up I need is a quick look at the fall in the sp - market not impressed
Punter64, please back up your statement below. The only negative within today's RNS is the 5% extra costs and that could be seen as a positive given current inflation and expansion taking place at CMCX.
unhooked, what you're missing are the desert buzzard scavenger shorters who go for a quick gain and then move on after eating as much flesh as they can when there's any perceived weakness in an RNS. Inflation us c 10%, CMCX are expanding and they say their costs are up by maybe only 5%. Some of the latter expenses re dev of platforms could possibly be capitalised but hasn't been because the individual invoice/ amount is below a threshold for capitalising. This drop is definitely unjustified.
if you look at the day chart for the last big drop a couple of months ago the share closed at 239p just 5p above the low of 234p - likely to be similar story today
will probably drop further when the day traders sell out later today
Massive over reaction in my opinion. Just bought into this drop.
Has anyone seen an update on this ? Been VERY quite and way past the November date it said for new I believe ? Also huge market over reaction. Have purchased more
Ig index was up 10% on update and is now up 15%.
When market grows tired of negativity market the punters disappear and pros continue to trade.
Ig has much more mature client base.
An opportunity to buy cheap on a panicked market over reaction imho
Top up time for me
They're guiding for 5% extra costs and the share price tanks 22%...?
What am I missing here?
Nuir you don’t buy shares you sell them ? Your a shorter
Unfortunately looks like you missed out again here
Terrible update. This company seems to be moving on long term downward spiral. Can see sub £2 here in the coming weeks
Have been watching this for sometime. Finally decided to buy a starter at 2.46.
What a crap trading statement - one figure in it and rather meaningless at thar... 5% increase vs what. For a company that deals with numbers daily, that trading statement was written terribly. Thankfully no shares in this company... can see these sub £1.50 easily within 6 months...
I think its badly written and presented which makes it read that way,
Personally I think its because the only real figure given is the 5% increase in costs which obviously comes out of profit but show some positives numbers to balance the update!
Given sterling ,inflation etc 5%+ is to be expected but show more positivity in an update please
5% cost increase is hardly an excuse for such an SP drop. Oh well, cheaper shares to buyback I guess.
I get the impression they're sandbagging the trading update. The corresponding trading update from last year was forecasting 330m for operating income, which would be above consensus for FY23.
RNS reads like a profit warning to me.
Looks like you are right Denfos...ive only just realised. Where did you see this is advance?
On Thursday 28th July it’s the Q1 2023 trading update.
Defo moving. If it takes out £3.20 intermediate resistance broke and some real room to travel.