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This should be £3 not hovering around the lows.
PLUS 500: Updating shareholders before announcing results next month, the online trading group said revenue in 2022 rose to about $832 million, up from $718.7 million.
so a rally into the TU and then a sell off
or a sell off into the results and then a sharp rally
I am backing Crudders. GL all adding here.
Defos ...back to 3£ be a big ask but welcome , 1st 2023 dividend payment ....took a few Vod with payment...atb
Divi paid on time as usual by HL. Now no longer ex-divi, back to 3 quid I hope…..
Asia
If the business is split what is the outcome? Is this a good thing or bad thing? Just trying to get an understanding of the situation. Thanks
On 25 January 2023 is the Q3 2023 trading update. Before then, perhaps yet another re-test of the 220 area….Lordy!
Twice today at 249p paid
- 30-Nov-22 12:30:28 249.00 143,557 Buy* 236.50 238.50 357.46k
similar earlier
Not happening. There's a section in the interim results "managed separation update" which makes it clear.
as that approaches we will see a sharp move north towards £3 ... just takes a change in sentiment.
Seems unlikely. The business is due to be split in two next year.
Is there a point this is taken private or sold? Not really sure why it's listed? Cash rich, recent share buybacks, growing numbers, undervalued - all add up to a good T/O option?
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Some more old news
https://www.thisismoney.co.uk/money/markets/article-11436837/MARKET-REPORT-Lord-Cruddas-60m-poorer-CMC-shares-collapse.html
Always happens here with results, a plunge on Sp, ex- dividend declared 1st Dec ..3.5p , took a few...alb
"CMC will have few difficulties funding its diversification drive from its existing capital resources – the balance sheet shows more than £250mn of available liquidity. It may suffer from unstable forex rates and unforeseen higher costs, but a forward price/earnings ratio based on Numis’s forecasts for 2023 of 12, falling to nine in 2024, means the shares have a definite value attraction. Speculative buy. "
Personally I think thats the right approach; take advantage of this situation
Things are that turbulent it wouldnt surprise me if this finishes blue. I know how stupid that sounds but the point is a reflection of the state of the markets (and im not saying it will ; rather it wouldnt surprise me)
@ 244.56p
these will recover - as it is an over-reaction
Decent set of results given current climate, expansion going ahead nicely and a 10% drop.......no wonder London is losing its position in the world markets. IPO's/ companies are looking to list on more favourable markets a major shake up is long overdue. GLA
Ha! Yes, you're right - my bad. Guess there's a few sellers who hadn't spotted it either then! Does seem an over-reaction, but then that seems par for the course in financial markets these days!
its worth noting I dont think the divi cut forecast (see below) will now be case (as Analysts expected a drop in profit hence cut in dividend due to 50% distribution policy):-
"The 6 analysts covering the company expect dividends of 0.09 GBP for the upcoming fiscal year, a decrease of 25.69%."
"This should have been better telegraphed by the management ahead of the results, and now they're paying the price.
"
tut tut Matt do you homework; this has been known for months
The only things we learnt today were positive.
People taking profits 27% up 21/10 (210p-268p) on low volume and numpty panic sellers on a decent update
This will move up nicely over the coming weeks
I think it was in the trading update