The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Times reported it would be today?
"CMC will have few difficulties funding its diversification drive from its existing capital resources – the balance sheet shows more than £250mn of available liquidity. It may suffer from unstable forex rates and unforeseen higher costs, but a forward price/earnings ratio based on Numis’s forecasts for 2023 of 12, falling to nine in 2024, means the shares have a definite value attraction. Speculative buy. "
Personally I think thats the right approach; take advantage of this situation
Things are that turbulent it wouldnt surprise me if this finishes blue. I know how stupid that sounds but the point is a reflection of the state of the markets (and im not saying it will ; rather it wouldnt surprise me)
its worth noting I dont think the divi cut forecast (see below) will now be case (as Analysts expected a drop in profit hence cut in dividend due to 50% distribution policy):-
"The 6 analysts covering the company expect dividends of 0.09 GBP for the upcoming fiscal year, a decrease of 25.69%."
"This should have been better telegraphed by the management ahead of the results, and now they're paying the price.
"
tut tut Matt do you homework; this has been known for months
The only things we learnt today were positive.
People taking profits 27% up 21/10 (210p-268p) on low volume and numpty panic sellers on a decent update
This will move up nicely over the coming weeks
>Liberum raises Moneysupermarket to 'buy' (hold) - price target 215 pence
If you understood the Amazon model & economics you'd realise MONY is a target for buy out
thanks LD should have done my homework ;)
"
" The UK’s price comparison sites have seen consolidation over the past two years. British magazine publisher Future closed its £594mn acquisition of GoCompare in February 2021. Two months later, Silver Lake-owned ZPG, which owns Uswitch and property site Zoopla, acquired Confused.com from Admiral Group for £508mn.
""
Is it? You sure about that?
FT "Amazon launches UK portal for buying insurance
Company says comparison service that will initially focus on home and contents products is ‘just the beginning’"
>But dont miss the point here. If MONY becomes a competitor to Amazon they will simply buy it, especially give the weak £..i'm buying more
Its because Jefferies cut the price target from 340 to 275
Please note they short the sector! They have a had a price target of 20% and lower than the current on PLUS500 for at least 5 years (target no 1325 when price is 1765!) and a SELL rating on it> They dont like or understand this type of business
This is much more accurate IMHO:-
https://www.proactiveinvestors.co.uk/companies/news/994688/cmc-markets-analysts-upgrade-earnings-forecasts-for-full-year-994688.html
5.13%
Nuri have you any clue ? "Operating cost guidance for FY 2023 remains unchanged at £215 million "
its all about profit! Its costs increase but so does profit it means the business is expanding positively!
Get a grip shorter
UPDATE 1 – Trading platform CMC sees higher half – year profit on market volatility
06-10-2022 07:24
(Adds details, background)
Oct 6 (Reuters) – Online trading platform CMC Markets Plc said on Thursday it expects its interim profit to be ahead of last year, as client trading volumes increased in August and September on the back of volatile stock and foreign exchange markets.
Stock market volatility as expressed by the Cboe Volatility Index – known as "Wall Street's fear gauge" – climbed to a two-month high in September and volatility in the sterling last week surged to its highest since the Brexit referendum.
CMC, which through its platform enables clients to trade up to 10,000 financial instruments, said it sees leveraged gross client income to be 22% higher in the six months ended Sept. 30, 2022.
The company now sees its half-yearly net operating income to come in at 153 million pounds ($173.44 million), compared with 127 million pounds a year earlier.
Net operating income c 20% higher versus H1 2022. Strategic delivery of 3-year
growth plan on track. CMC Invest launched in the UK.
H1 2023 net operating income is expected to be approximately £153 million.
(H1 2022: £127 million +21% yoy).
The CMC Group is proud to launch its new UK investment platform -
CMC Invest (https://www.cmcinvest.com/en-gb/)
* Planned new business expansion to grow group net operating income by 30% over
the next three years based on the 2022 results and underlying conditions
remains on track.
Underlying market activity improvement through August and September
underpinned an improvement in net operating income for the Group in the
period.
Client leveraged AUM finished at c £530 million, slightly below the
historical period-end record of c £560 million but remaining at elevated
levels. H1 2023 active leveraged clients are moderately lower compared to H1
2022, offset by an overall increase in activity.
I have at circa 1320..Volume profile @ 2200 all indicators showing badly oversold with very strong fundamentals
Im in
Calamri donut!
"with cost efficiencies and commodity price improvements supporting margin recovery in H2 and 2023"
>l. £89 million loss for 6 months is horrendous
Not coming out of 2020 -£482m its not!
>IF revenue is down, so if profit.
Brilliant Jeff....So if the operating margin improves 10 fold but the revenue where to half what would happen to the profits?
>In what world is this not a profit warning?
Do you understand the difference between Revenue & profit?