Member Info for MarkBellUK

"I am delighted to report another year of strong performance both
strategically and financially. Outside of the pandemic year (Financial year
ending March 2021), this is a record net operating income result for the
company. The performance reflects the ongoing success of our B2B technology
partnerships and focus across our leveraged and non-leveraged businesses

· FY 2022 net operating income expected to be approximately £280
million, at the top end of guidance and a record performance outside of the
pandemic period.

· FY 2022 gross leveraged client income is expected to be
approximately £288 million (FY 2021: £335 million, -14% yoy).

· FY 2022 leveraged trading revenue is expected to be approximately
£230 million (FY 2021: £349 million, -34% yoy).

· FY 2022 non-leveraged trading revenue is expected to be
approximately £48 million (FY 2021: £55 million, -12% yoy).

· £30 million share buyback commenced 15(th) March 2022.

· CMC Invest, the UK non-leveraged platform already launched
internally. Full market release set for mid-2022. The platform is ahead of
schedule and on budget.



Trading Update



Q4 was CMC's strongest quarter of the year leaving net operating income at the
top end of guidance at approximately £280 million. Active monthly trading
client numbers continue to remain at similar levels as reported earlier in the
year. Our APAC stockbroking business finished FY 2022 with record AuA and a
record number of annual active clients.

>It's interesting that Canaccord have actually increased their price target today for Plus500.
Yes increasing the target price by 20% yet keeping the SELL rating, says to me they are acknowledging how far out they are with their estimates. Clueless

Beth the issue with cannacord is they have been doing exactly the same with PLUS500 for years ..reduced to sell with constant targets of 50% or more less than the actual share price (true even today target circa 950 SELL on PLUS500)

I did study the PLUS notes (not seen CMC ones). They do not like the sector and do not understand the business

Shareholders in CMC Markets, the financial bets company, will be looking out for any update on plans to break up the business, as well as a start date for its planned UK share trading platform. Lord Cruddas, founder and chief executive, has previously stated his preference to separate the leveraged City bets business from the fast-growing and more highly rated broking business. He has signalled previously net operating profits for the year to March of £250 million to £280 million. CMC shares have been given a fillip by the recent volatility in oil and commodity prices, which usually spurs City wagers.
Trading updates CMC Markets, Ferrexpo, Foresight

This is the data I have for CMC' s institutional holders :-

https://ibb.co/8z5XGCs

Morning Trek

Im confused with the 10% buyback. I thought it was £30m?

Shares in issue 290,543,373 x £253.50 = £725.358m = 4.13%?

Lets not forget the 500,000+ Aussie share dealing clients!

PS

The 6 analysts covering the company expect dividends of 0.10 GBP for the upcoming fiscal year

Revenue consensus estimate £264.95m (High £275.8m Low £255.4m)

So unless Cana have inside information that CMC are missing these estimates (and have made that public by downgrading) they are simply making it up (again)

Canacord bottom of the pile again:-

Share price forecast
The 6 analysts offering 12 month price targets for CMC Markets Plc have a median target of 370.00, with a high estimate of 462.00 and a low estimate of 257.00. The median estimate represents a 45.38% increase from the last price of 254.50.

I remember now. Cannacord have done exactly the same on PLUS500 for years (SELL rated with no justification and a target 50% lower than the SP on average) . I studied many of their PLUS notes and in them they havent got a clue. They do not understand this type of business. I would really like to look over their work on CMCX today

Anyone got access to the full broker note, would love to pick through their logic (if indeed it is logic)

Ive just topped up as well. Overdone imho unless an institution is reducing

>It's funny how they associate the debt with bankruptcy risk though.

I took it as a bit of a throw away, almost disclaimer

You know what they are like for suing over the pond

https://www.gurufocus.com/news/1663577/micro-focus-still-waiting-for-godot

Im still buying ;)

Ironically a cold war with Russia could be good for MCRO according to the TImes:-

Could Russia launch cyberattacks against the West?
Yes. The National Cyber Security Centre, which is part of GCHQ, warned British firms and other organisations to take steps to boost their cyber-resilience in response to the situation. So far they say they are “unaware of any specific cyberthreats to the UK” but this could change in the event of western sanctions against Russia. It highlighted an attack by Russia on more than 70 Ukrainian government websites and said it had long “observed a pattern of malicious Russian behaviour in cyberspace”.

Experts believe that the UK’s critical national infrastructure, such as the power grids, is well protected against malicious state-sponsored cyberattacks. But this has never been truly tested and there is a level of uncertainty about the level of capability that Russia has.

197?

For the record you should be looking at dividend cover. The dividend will always be reflected in the balance sheet???

Yes we've forgotten about payout yield and so has the market ;)

Scott the exchanged has always clearly stated you can not rely on BUY/SELL

Decent results for me EBITDA only down 7% divi @ 6.25% @187

Share price forecast
The 13 analysts offering 12 month price targets for Moneysupermarket.Com Group PLC have a median target of 275.00, with a high estimate of 355.00 and a low estimate of 205.00. The median estimate represents a 47.06% increase from the last price of 187.00.