The facts3 Sep 2021 12:37
Let's look at the facts.
5 weeks ago net income for the year was predicted to be in excess of 330m
New trading update (ie profit warning) gives an estimate of between £250 to £280m
67% of CMC retail investors lose money.
So what CMC are basically saying, is that because the volatility of the stockmarket is subdued for the moment, bets on share prices, commodities etc have fallen off a cliff face!
Here's my prediction........On current trends 100% of buyers of CMC stock at 300p will lose money, unless the '**** hits the fan' in the USA stockmarket and therefore market activity picks up dramatically.