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Do you think Cruddas is happy for the sp fall, so he could maybe take it private, then he could do the split and keep the Aussie business?
To add to that, CMC is highly likely to be demoted from the FTSE250 at the end of next month, assuming share price remains same or falls from here.
Share buyback last year: £30m at an average share price of £2.58... since then the price is -40%. During the share buyback period, the average volume traded per day was 576k shares and since then it's averaging below 300k shares, with this month almost at 200k.
What is going on with this share? They bought £30m of their shares back, then MM overdid the drop from 245p, there's no volume. Where is the split, Cruddas was talking about?
Wondering why it's not moved today?
Q1 2024 trading update on Thursday 27th July.
Typo 15th Feb 2023 for 247 exit, not Apr
£1 coming of £2 interesting to position.
315p out Apr 2022.
247p out in Apr 2023
not 148p
Goodness surely worth a look especially if results drop.
Added 1st tranche back and hope to be near a bottom. Dodged a lot of carnage but still this one is a strange one.
GLA
Plus500 is doing okay I reckon, I am watching this with interest
Yes, it looks as many in this sector (IGG, TCAP etc) are well off their 5 year highs. They all look fairly cheap right now to me but I know what your saying.
I sold out entirely at a £10k loss... unfortunately the last trading update suggests activity is down 15-20% and I can only see this heading to a £1... if even....
Are the board awarding themselves some free shares? At least somebody is making a profit at this price…
Will see money flow back into the markets when they start the real recovery. Volume has been very low so could be a good time to add at these levels
Sold this last year, looks like now its the good time to get back in
>He clearly sees greener pastures elsewhere. If the CFO is giving up on CMC why should anybody else invest?
No really. Hes been at CMC for 12 years! People move jobs? More money , less travel , better incentives blah blah
He clearly sees greener pastures elsewhere. If the CFO is giving up on CMC why should anybody else invest?
https://www.londonstockexchange.com/news-article/CMCX/directorate-change/16031140
Difficult one to value, is Peter Crudas any longer up to it?
AceOfClubs
Https://twitter.com/ft/status/1676812935400660992?s=46&t=ozDXWSe2vEVAUkFdZrrcAQ
I have a feeling that someone has that in hand
The depth of Due Diligence is impressive. Thanks for the link.
Even if crypto is finished (spoiler alert - it isn't) Blockchain will be the future for many assets to record ownership and avoid settlement problems.
All I heard was that the size of the opportunity was massive (every founder says this), and that they saw potential in physical assets on the blockchain (been tried and failed many times). There's barely any interest in trading Bitcoin these days, with exchange volumes dropping off a cliff, let alone these more idiosyncratic contracts.
This is worth watching and may help/reassure the StrikeX doubters. Simon and Laurence, the two CMC additions be the StrikeX board, take part.
This is an AMA or Ask Me Anything, it is an opportunity for holders to ask the board pretty much anything. It's a crypto thing and traditional stock investors may not be familiar with the format. It is worth persevering with it as it clearly indicates the length of the DD that went into the deal and what the vision for the future is.
https://m.youtube.com/watch?v=M1_KiNZh50I
Hope it helps.
Share price now a joke. To put it into perspective CMC is now sitting on cash circa to its enterprise value?
Or another way of putting it; its market cap is nearly equal to its cash + assets; i.e the business which generated (£m 101 226 , 93.7, 54.5) net profit per annum (2020 - 2023) is worth nothing?
Similar, lets hope so
7K shares. Was I right? 🐸
To see on the main advertising on Sky Sports News an ad for CMC Invest