PYX Resources: Achieving volume and diversification milestones. Watch the video here.
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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
last sale at 315 in May, revisiting lows today will pick up sub 220 hopefully
Great revenue growth but completely offset by cost increases and hence no earnings growth. Company line is that most of the cost increases are 'investing for growth' but doesn't look like the market is buying that one at the moment.......This should have been better telegraphed by the management ahead of the results, and now they're paying the price.
CMC Markets said pretax profit ticked up to GBP36.6 million in the six months that ended September 30 from GBP36.0 million a year previous. The contracts-for-difference trading platform posted total revenue of GBP174.4 million, up 17% from GBP149.1 million a year prior. Trading net revenue rose by 27% year-on-year to GBP128.4 million, while CMC's Investing net revenue fell 14% to GBP20.8 million. Chief Executive Peter Cruddas said that the period saw an acceleration in activity across FX and commodities, in addition to the normal activity across the company's index flow. He added that CMC is on track to deliver its three-year expansion initiatives, aimed at driving higher revenue. CMC Markets declared a dividend of 3.50 pence, unchanged from a year prior.
...due Wednesday.
https://www.britishbulls.com/m/SignalPage.aspx?lang=en&Ticker=CMCX.L/
target 350p
https://www.britishbulls.com/m/SignalPage.aspx?lang=en&Ticker=cmcx.L
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.