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Many other reasons he could have sold to make just under 300K profit. Yet other directors holdings exceed 1.5M ie. 10% of the company. Makes 57K look quite small. Surely they must have faith? You really are desperate. I always look at derampers as idiots who missed the boat, trying desperately to get in at a cheaper price. Does that describe you? Or are you short?
Nigel G Clark sold on the 14 March 2014 sold 57500 CML shares at 575p, leaving a holding of 4600. Is that a sign of confidence in the future?
From yesterday. No wonder why they keep the price down today to feed that buy!!
It was up this morning, not by much. A few small sells took it back to open. Not getting emotional, just pointing out you have a vested interest in this share going down, I think that is also fair to highlight. In my opinion, that is opportunistic.
Last time I checked it was still a free country, therefore I am able to give my opinion on the CML share price. You may not like it, but it is still my opinion. Getting over emotional about someone else's opinion is not a good way to manage your investment portfolio. Time will tell if CML is in a good place or not, I am happy to stick to my predictions. I am sure other people can make their own minds up and do their own research. Still waiting for the rebound you predicted yesterday. Never mind maybe tomorrow.
Ahh so your trying to look out for people invested! Not being opportunistic, trying to influence the price negatively looking to buy cheaper. Ratio of buys to sells is over 2:1, including a £40K buy. Looks like many people are still confident.
Just checked the live price for CML, no price rebound yet.
I suggest you read the Edison note on CML published yesterday and note their forecasts for 2015. Further falls in revenue, a fall in profit and EPS, with a forecast PE of 34 as opposed to 14 at the moment. They also forecast a recovery in 2016. So will CML engineer this recovery? if they do the price will rise if they do not then the price will fall. So its down to matter of confidence in these new products promised. On a more general note, I would buy any share if I considered to be undervalued and sell any share that was overvalued. That's good common sense, forget emotional side of investing it will make you poor.
So you are looking for a cheaper buy in price then. Bad news? Sorry did we both read the same RNS yesterday? Financial Highlights · Group revenues of £24.39m (2013: £24.65m)* · Gross profit up 3% to £17.88m (2013: £17.34m)* · Profit before tax up 6% to £5.79m (2013: £5.45m)* · Basic EPS up 7% to 29.96p (2013: 28.01p)* · Debt free and net cash of £11.37m (2013: £8.98m) · Final dividend increased 14% to 6.25p (2013: 5.5p) *continuing operations Operational Highlights · Storage: 48% of group revenue - Revenues from solid state storage market up 2% to £11.80m (2013: £11.55m) - Design win with a tier one European automotive infotainment manufacturer · Wireless: 37% of group revenues - Product revenues of £9.12m (2013: £9.80m) - Digital baseband products and RF semiconductor sales both saw a double digit growth - Contribution from recent product introductions represented over 80% of wireless revenues · Wireline telecom: 12% of group revenues - Product revenues up 8% to £2.92m (2013: £2.68m) - Healthy levels of customer design-in activity - New customer projects for low-speed modem ICs continue to be discovered
There is a time to buy and a time to sell. Now is the time to sell CML. In my opinion of this share is that £3 represents fair value, as I have previously stated. If there is more bad news then the CML share price will fall further even to as low as £2. If this happens this will then be a time to buy CML. There is no such thing as a good or bad investment its all about good and bad timing.
77K bought compared to 56k sells, and a VWAP of 428.5p points to an over done drop, quite possible to rebound tomorrow.
Wanting to buy in cheaper or are you short on this share? Bit different from your previous posts : "STRONG BUY STRONG BUY STRONG BUY".
Oh dear, talk about grabbing defeat from the jaws of victory. I suspect more bad news will follow. This share will keep heading south, maybe to £2. Sell and avoid.
the 2014 P/E of 13.4x does not look at all demanding. While a c 10% premium to the average of an albeit imperfect peer group of UK hardware and international storage companies, we feel this is easily justified given the robust cash generation, scope for upside and continued strong earnings growth beyond our forecast period.
Our estimate changes are detailed overleaf. On marginal top line upgrades our 2013 PBT and EPS are increased by 10% with the respective 2014 figures moving up by 11%. Our 2014 forecasts assume 7% growth, but as discussed above, successful penetration of the SATA storage market could drive operationally geared upside in the 2014/15 timescale.
No operational update was given, but to recap, continued delivery to plan should improve the prospect of an upward inflection in growth and margins. The company’s storage business, where the commercialisation of SATA controller chips substantially expands CML’s addressable market, provides the most significant growth opportunity. In wireless, customer launches of products using CML’s chipset solutions, where CML provides modem, RF and sometimes voice coding chips (expanding revenue per device by 2-2.5x) should support a mid- to high-digit growth trajectory. The recent establishment of a Sheffield-based RF and mixed-signal design team, with expertise in wideband RF (to complement the company’s existing narrowband core competence) is a longer-term investment, but should open up a broader range of niche radio markets on a three- to four-year timescale.
Full-year sales are expected to be just over £25m (up c 7.2% y-o-y) and versus our £24.9m estimate. Profit before tax at “circa £5m” is around 10% ahead of our old £4.6m estimate, which we believe is likely to be largely due to strong cost control. Year-end net cash at £8.9m is substantially ahead of our £6.6m estimate.
Guess this has something to do with the new director Jim Lindop who owned company Jennic Ltd based in Sheffield and sold out to NXP Semiconductors in 2010. Interesting move, but no real impact on CML in the short to medium term. Only a buy at 300p so keep selling at current price.
Business description CML Microsystems supplies semiconductors into specialist communications and embedded flash memory storage applications.
26% and 16% EPS growth forecast for 2013 and 2014. Positive progress so far in H2 clearly gives scope for upside in the near term, while if storage sales progress to plan, we should see operationally geared upside in the longer term as well. Following a strong run, the 16.2x 2014 P/E is a premium to peers, which we feel is merited by these prospects. We estimate that 30% growth in storage in 2015 to £18.1m would generate 38p of earnings, and put the company on a low double-digit P/E multiple. If SATA progresses to plan, such growth would not be unrealistic.
Storage: PATA and SATA on track Within storage, demand for the company’s industrial PATA storage products has remained robust. Customer qualification and commercialisation of CML’s SATA products, where the company is working with a number of existing PATA customers to bring product to market, appears to be proceeding to plan, with initial shipments expected over the coming months. As a reminder, the market for SATA controllers is thought to be significantly larger than for PATA and growing more rapidly. In particular, the average price per controller chip is expected to be up to twice that of PATA. Thus, if customers start using CML for a significant proportion of volumes, it would not be unrealistic to expect storage revenues to more than double within three or four years. With the cost base expected to remain broadly stable, these incremental revenues should drop strongly through to the bottom line.
First chipset customer drives Wireless Following a muted start to the year, Wireless sales have rebounded, as expected in H2 as the first major chipset customer, a Tier One PMR manufacturer, commenced full production. Revenues per device from a chipset customer – where CML provides modem, RF and sometimes voice coding chips – can be 2x to 2.5x more than for just a modem.
CML’s IMS states that trading thus far in H2 has been ahead of management’s expectations. Both the Wireless and Storage business lines appear to have contributed to the robust trading. Customer commercialisation of products incorporating the company’s SATA chips appears to be on track, meaning that the prospect of an upwards inflection in growth and margins continues to draw closer.
Modest improvement in finances as expected, underlining par value at around £3 per share. Remains weak sell unless this target reached. Oval Park developement remains a long shot despite appeal against planning decision by MDC.
CML is overpriced at the moment. Par value without the Oval Park property deal is £3 a share for 2012, so unless there is some good news regards to the developement and production of semi conductor products its a weak sell in the short term.