Member Info for MarkBellUK

Well oversold now

Solid company which is expanding, holding cash & assets now equal to its market cap (no net debt)..that excludes the business!

Probably caused by Parvus selling off what they borrowed on the 19/7 to confuse a positive RNS imho

Darktrace Plc : Stifel raises target price to 430p from 250p

>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

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?

To see on the main advertising on Sky Sports News an ad for CMC Invest

Oh and "CMC Market reported a net operating income of 288 million pounds for the year compared with the analysts' consensus of 285 million pounds."

Remember the increased expenses are transient. Im buying more

For me more or less as expected:-

"We remain convinced about the long-term potential, but the short-term remains more challenging" - Peel Hunt

Now a Market Cap of cap of £450m with a working capital of £310m, cash circa £180m with no net debt paying a 5.3% dividend blah blah!

Thats not a subsidiary?

https://find-and-update.company-information.service.gov.uk/company/13625547

Liberum

The four key strategic reasons for the acquisition were:

1. To strengthen PayPoint’s addressable markets, universe and proposition;

2. Open up growth opportunities in new and existing markets;

3. Deliver capabilities and operational efficiencies that are highly

complementary to both businesses; and

4. Enhance earnings and deliver attractive returns.

We take comfort from PayPoint’s M&A track record as the strategy has been

successful and well executed over the last three years, which has helped to

transform the business. We estimate that growth business lines could

account for c. 67% of group revenue in FY 25.

A revised CY 23 P/E of 7.9x and ordinary

Its all watermarked with my personal details so not as to redistribute

Here's about a big as a snippet I can share to encourage legally!

https://ibb.co/JvBTmNj

Its here on ft.com

https://markets.ft.com/data/equities/tearsheet/forecasts?s=PAY:LSE

Thats copied from the FT...maybe you are right and they are wrong?

Dividends in GBX

In 2022, PayPoint plc reported a dividend of 0.26 GBP, which represents a 19.25% decrease from last year. The 4 analysts covering the company expect dividends of 0.38 GBP for the upcoming fiscal year, an increase of 46.92%.

Its easy to move at the moment as the volume is so low

I can find no other reason either except for some Appreciate holders may still be selling what shares they were given (causes a generally negative sentiment) .I bought after reading a very positive indepth broker note in full.

It looks like a lot of patience is needed and in my experience when there's no reason for a continued drop, when the reversal comes it will carry the momentum in the other direction

You can hear it here (from circa 7 mins in)

https://soundcloud.com/user-596578261/5mmm-20230510-082845-meeting-recording

>I recently sold my entire holding as I suspect that, in due course, they will be taken out by AI.

Thats comedy gold!!!

Ah ok Petrencf that was unclear ;)

The massive short reduction makes sense now:-
Samson Rock Capital LLP 0.00% 15 Mar 2023
Samson Rock Capital LLP 0.89% 1 Mar 2023

PS I have todays full note , very detailed and very positive

https://ibb.co/CvBWsQp

What you mean is you are short and the big trouble (without reason or substance) is simply your pipe dream

Yesterday :-
Jefferies reinitiates PayPoint with 'buy' - price target 550 pence

Today

Liberum BUY 1100