The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Got in here today at under a pound. Will buy more at 90p if it gets there.
Lack of volatility, a weak pound and unfavourable exchange rates are killing the share price. Maybe a re-test of the 220 area would be a good thing, so it can spring back after that.
I’m buying some when this hits a fiver…….
Could be a double whammy for some here coz BOO will have to suspend trading it’s shares on Monday - maybe entering administration…!
Just announced that preparing for bankruptcy!!
OUTRAGEOUS………. (Sharecast News) - Analysts at Canaccord Genuity lowered their target price on financial services group CMC Markets from 257.0p to 224.0p on Monday, citing "material cost inflation" flagged by the company.
Canaccord Genuity downgraded its adjusted diluted earnings per share forecasts by 25% in 2023 and 10% in 2024, stating it forecasts just 18% growth in net operating income over the next three years, versus CMC's communicated plan to increase net operating income by 30%.
"This leaves our FY25 net operating income forecast circa 10% below the company's target level," said the analysts.
The Canadian bank added that its adjusted dilute EPS forecasts were now 8%, 29%, and 33% below current consensus and said it believes its own forecasts could still be "too optimistic".
"We roll forward our target date to CY24 (prev: CY23), to take account of CMC's growth initiatives starting to bear fruit. We take CMC's average one-year forward P/E multiple since listing as our starting point, which is 12.2x. We now apply a 10% discount to this to reach a target multiple of 11.0x, which we believe is justified by the downside risk to our below-consensus forecasts," said Canaccord, which reiterated its 'sell' rating on the stock.
"Applying an 11.0x multiple to our CY24E EPS forecast results in our new 224p TP (down from 257p), which implies 14% downside from the current share price and a -11% TSR. The next 12-month dividend yield at our new TP is 3.8% and the current buyback, is two-thirds complete."
MarkBell…“Looks like you are right Denfos...ive only just realised. Where did you see this in advance?”
Right here bud… https://www.cmcmarketsplc.com/investors/financial-calendar/
Oh I don’t need a bull case…. if my first buy is massively less than current holders, that’s all the evidence I need.
Bought my first lot here today at under 2 quid. Will buy more if this sinks to 1.80p.
On Thursday 28th July it’s the Q1 2023 trading update.