Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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I see this running up until results, that's when people sell the news
@Wildtiger, a trading platform makes money based on volatility, not market prices... Q3 was extremely volatile, with a large fall in October strongly reversing in November & December. The large dip to start Jan is perfect for a company like CMC as it will encourage traders to reopen positions etc. CMC has never been cheaper than this on a P/NAV basis, high probability of a re-rate back towards £2 IMO.
I thought this was cheap at 154p last July…. Still long !
They were referring to the run up from Oct to Dec 2023. Since the new year the whole market has been selling off in case you haven't noticed
>the current market condition.
Thats exactly the point. The numbers are significantly improving EVEN given the current market conditions
TIme to top up, not sell!!!
At 134p with small profit. Don't believe this rise will hold with the current market condition. Also the increased number is just an estimate.
Many here wish they we recent investors too :) but still the opportunity to average down was there.
Trned around and heading towards £2 if the momentum continues.
I am a recent investor, following the share being promoted by a number of small cap analysts. A very positive trading statement, can only see the SP climbing.
Very positive trading statement, downtrend is now certainly over, such guidance and profit supports a share price of around £2, FY dividend should also be pretty nice.
Plenty more to come and do not forget about TCAP too - expecting the same
Great update today - sp will continue to climb. Hooray.
Should be one of the top risers today.
Trading Update
The Group delivered a strong performance in the third quarter of FY24. This was driven by an improvement in market conditions led by an increased contribution from the B2B and institutional business with the Group benefiting from the long-term investments in this area. As a result of this strong performance the Group now expects to generate FY24 net operating income of between £290-£310 million from the previously guided range of between £250-£280 million.
£2 in a fair wind
Seems to have bottomed.
It may be taken private.
Everything is booming, mostly down to the FED saying they might drop interest rates next year. I suppose lower interest rates are good for house builders and also things like CMC where they might make more money if there is less incentive to stick your cash in a building society.
Anyone know of any reason for the move up this morning?
Of course it's undervalued..... but it been that way for a few weeks.
Yes LD1973, you're not alone !! Is there any part of life in the UK that a Regulator (UK Govt) doesn't interfere in, as now it's broker charges ? Why doesn't UK Govt simply list out every good and service we buy and set prices for them all, material costs and labour costs ?!!!
0.4% yield for me! cruddas better get us out of this **** show. can't believe he'd be too happy with the massive sp decline? bought in at 235p, was in good profit but was holding for the split! wish i'd ditched at £3!
Yes 1p tomorrow and hopefully no longer a Christmas turkey.
And I thought it was ex div today with the sp down a few % !! Is it the Robinhood announcement I wonder ?
Yes, despite higher interest rates, and thus CFD charges, there's a lot more volatility in the markets and I would think higher chances of making money trading..., but I'm an investor rather than a trader though can see how money could be made trading from some of my stocks !!
worth watching:-
https://*********************/media/cmc-markets-upbeat-on-future-prospects-despite-mixed-interims
or
https://www.youtube.com/watch?v=wawq_rrqm-8
if you have no rt account
cmc markets plc (lse:cmcx) chief financial officer albert soleiman speaks to thomas warner from proactive london after the uk-based financial services company released half year results for the period ended 30 september.
cmc markets reported a net operating income of £122.6 million, resulting in a pre-tax loss of £2 million, including a £5.3 million impairment charge. solomon emphasises progress on the operational front, highlighting the expansion of their invest uk platform and the launch of the singapore invest offering.
the £2mln pre-tax loss was largely attributed to subdued client activity due to inflationary pressures and the difficult economic climate.
soleiman reveals that the company will continue its dividend policy, reflecting confidence in future profitability. share buybacks remain under consideration by the board as part of capital and shareholder return management.
in closing, solomon expresses optimism about the company's future, citing ongoing strategic investments and operational synergies. while acknowledging the challenges, he sees significant opportunities ahead for cmc markets.
Can only be hold for now I reckon,
disappointing dividend 1p
hopefully bottomed though.