Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Time fly's 17 months since look here . up 25% at 138 p.
Since my top up at 239p the low was 17/11/23 at 89p.
This was 225p this time last year , the high after 251p mid February 2023.
News ...... might be good news for market in general .
CMC Markets PLC, 12-month range 87.6p-254p. The online trading platform company says it saw a strong performance in the third quarter of its financial year. "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," CMC Markets explains. It now expects annual net operating income between GBP290 to GBP310 million compared to its previous guidance range of GBP250 to GBP280 million. This will be up from GBP288.4 million in financial 2023. The financial year for CMC ends on March 31.
Realistically this has been sold of since Aug 21! That means aside from the day traders, most of the sellers have hopefully sold long before now, hence 24% up on decent news
Just wait until the yield increases, to reflect the increase in profit distribution and then the overheads normalise
Lovely Jubbly. Sold a nice £20k here this morning for a good profit, great start to the year.
Bid Unlikely as Lord Cruddas owns over 60 % of the shares
Could be but with still a month to go the TU could have changed. They must be pretty confident finally we are through the worst. New platform gaining traction.
No, released as that's the requirement on management if material changes happen.
Maybe the directors have got some bonuses based on the share price?
Great rise today, am still 11% down though and did a decent top up in December. But great to see a bit of positivity around this.
Noticed that the trading update was due on the 6th February 2024 and not today.
This could succumb to a bid and the early release was defensive. An views?
Hold4gold.
https://www.cmcmarkets.com/group/investors/financial-calendar
ShearClass stop talking sense ;) Some people simply wont listen or learn
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.