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As a long term follower of CML microsystems I have always found that the board is offering jam tomorrow but never actually delivers on its promises.
I would suggest that price has some way to fall before any improvement is made.
Over the years the company has always great potential, but the management have failed to build on that potential.
..and the Market's reaction is not surprisiung given the general malise in this sector; see Samsung and Micron as examples. However, the sp upside now looks pretty tasty.
Dividend banked but share price going nowhere at the moment. I'll continue to hold on the basis that CML is cash-generative, has no borrowings and dividend paying. So some defensive merits
Summary of Interim statement on 1st August:
Revenue, operational costs and profitability for the opening months of the financial year marginally ahead of expectations.
Issues around raw material lead times and customer purchasing patterns impeded performance in some areas.
New products to be launched shortly, adding to future revenue streams.
Full year outlook remains unchanged
Encouraging to see the share price holding up well despite going ex dividend. Final dividend of 5.8p will be paid on 6 August with an ex-dividend date of 5 July 2018. I'm selling out some of the tech stocks in my portfolio, but CML are a keeper for the moment based on the yield and steady growth. Full year results announced in June were solid:
Group revenues increased 14% to £31.67m
Gross profit up 12% to £22.24m
Profit before tax up 9% to £4.58m
Basic EPS up 6% to 24.52p
Total cash balances were a record £13.82m
There is a detailed report and presentation on CML Microsystems which can be found in our members area here: hTTps://www.sharesoc.org/members-area/ To access the report, you'll need to be a full member of ShareSoc, which is a not-for-profit organisation that supports individual shareholders and campaigns for shareholder rights. If you're not already a member you can join here: hTTps://www.sharesoc.org/membership/ Once you've joined, you'll receive an invitation to register for our "members network" private social network, from where you'll be able to access the report (and reports on 100s of other meetings). If you're already a member and have any difficulty accessing the report, please do not hesitate to contact us here: hTTps://www.sharesoc.org/contact-us/
There is a detailed report by Cliff Weight on CML who attended our London seminar on the 13th September, which can be found in our members area here: hTTps://www.sharesoc.org/members-area/ ShareSoc full members can download Stockopedia reports, presentations from all of the companies that presented at this seminar, and this report from Cliff Weight on proceedings from our members area To access the report, you'll need to be a full member of ShareSoc, which is a not-for-profit organisation that supports individual shareholders and campaigns for shareholder rights. If you're not already a member you can join here: hTTps://www.sharesoc.org/membership/ Once you've joined, you'll receive an invitation to register for our "members network" private social network, from where you'll be able to access the report (and reports on 100s of other meetings). If you're already a member and have any difficulty accessing the report, please do not hesitate to contact us here: hTTps://www.sharesoc.org/contact-us/
one of the solidest techs out there. great couple off months ;)
"Not sure why" Is that you insinuating he is currently supporting a motorway?, or unable to operate a telephone? A simple phone call proves that he has left. Maybe on his own free will or made to leave. Surely with you banging on here how bad this company is, you should welcome the removal of deadwood. Also have Nigel Clark being replaced as well with a much better known director in January. So will be making changes to get the ship back to the heady heights of £6. You know that! Best of luck with your circa £2 buy in, methinks you missed the boat. LOL!
CML Microcircuits Director of Sales has disappeared from the organisation chart. http://www.cmlmicro.com/our-people/CML_in_Europe/ Not sure why.
Worse than expected, but with the promise of "jam" at some unspecified time in the future. If you think the CML directors are correct then this will present a weak buying opportunity. I am however slightly more cautious, words are easy but the directors track record on profitability and forecasting appears erratic at best . My opinion has now changed to weak sell, make of that what you will.
Half year results soon, PBT below £1.6m and no REAL positive news ( as I expect), then the share price will continue to fall to at least £2.. Another profits warning then who knows, £1 per share or less? This time last year the price was around £6 a share, now its less than £3. I think that's big enough to call it a massive fall in a value. With more to come I fear. What do you think potluck?
Sorry still waiting for you predicted massive fall. Looks to be some serious buying at these levels. A cynical person would think mms took this below the £3 support to get some shares. However hard you try for a cheap buy in you are failing. All the game plays from the derampers handbook seem to fail. Personal attacks (LOL), comparing with other stocks ( Tesco, a supermarket with a technology company), and my favourite more bad news that has still yet to materialise. Undervalued at these levels and the market supports that theory.
Oh dear. potluk I await your explanation as to why this 10% fall is another positive that CML is going places and a rebound is imminent to £5 a share in the near future.
Latest share trade for CML at 12:14 3/10 goes through at a price of £3.00p, AS PREDICTED by me some months ago where as others were predicting the share price to bounce upwards from £4.20p. A fool and his money as the saying goes. Where to now? in the absence of any good news the price will to continue to drift down. Maybe to the £2 level, so our ignorant friend who claims to have bought at £2.20 a share will actually have something to think about. Still a strong sell regardless of how many big hitters CML recruit.
I`m here a £2.2 so will keep that till it rises. Why do you want people to sell? To get your entry price isn't it? CML doesn't ramp its shares they let them do the talking! I'm long on this, very long. You have a motive so do I, difference is, that I'm invested, you are a chancer.
Shame you can't back up your dummy buys with a real one, but then again talk is cheap whilst money is not. Big hitter director appointed!, time will tell if his worth the money or not and how did the market responded to this momentous news? no change in the share price. Market rates this as no news. On the day when Tesco announced its third profit warning in a row, I am reminded that bad news often comes in two's and three's. We have seen one profit warning from CML on balance it is likely will see more. Keep selling folks further to fall and there will be no bounce up as predicted by the happy clapper.
Did a dummy buy on friday and was offered 312p, so suggests that those trades are all buys.
Cml have managed to bag a director involved in Continental AG. http://www.conti-online.com/www/automotive_de_en/ Now why would such a hard hitter join a company that is going to do so badly according to our well educated friend? "To stop this CML need to pull something out of the bag, my guess they have nothing left in the bag that's already not in the public domain." Big name director, think that counts! Good luck with your target!
£3 barrier is within a cats whisker of being breached. Still waiting for the rebound predicted by some when it was £4.20p. Looks like Mr Clark got it right when he sold out at £5.75. If these products are doing the talking what are they saying "Keep Selling". These shares are not cheap, they are overpriced even at £3. Trades over the past week over 90% sales in terms of volume. Still further to fall, maybe £2. To stop this CML need to pull something out of the bag, my guess they have nothing left in the bag that's already not in the public domain.
Selling when people are buying in is not a smart move as you sugest. It is way oversold. You are here only to get a cheaper buy in, I know, most people here know to. I actually visited CML oval park site to speak about the share price, what is obvious is that they don't ramp their shares, they let the products do the talking. Long term looks good, new products still being advanced. Even seen the factory, situated on the right side of the building, so I'm happy with my £2 buy in, if it gets stupid cheap I will buy more!
I know your not that bright potluk, but for how long have I been saying this is strong sell? Didn't you predict a rebound at £4.20p because everyone was buying? well move on a couple of months and now its £3.25p, still predicting a rebound because everyone is buying? Seems that Hargreave Hale has reduced its holding to below 5%. You can adopt the ostrich approach to investing if you like, but the CML share price will continue to drift lower. So keep selling and ignore potluck if you wish to make money from your investments..
So where is the additional bad news you claimed as coming? Bit late to sell now as mainly buys now.
£3 a share not far away now, in absence of any good news from CML the share price will continue to fall. If the £3 level is breached then we could see a valuation of £2 a share within 6 months. So if you have some CML shares sell them and buy back at a later date.
You derampers crack me up. You want in at a cheaper price. Wonder what the significance of the £1M trade? Must be some idiot spending loose change behind the sofa.
Well no sign of a price rebound, as others suggested was possible when the price was 425p. The momentum is clear, the price will continue to fall to around the £3 level. If there is more bad news further falls can be expected. If the news is good then price stabilisation at the £3 level is likely. In my opinion the likelihood is that news will be bad rather than good. Potduck, you immature investors crack me up, its profits that count not inane statements that contradict the bleeding obvious.