Stockopedia comments today CMCX9 Oct 2024 10:11
Paul’s opinion - CMCX still looks decent value to me, despite the shares tripling this year. Performance has radically improved, so the company is worth a lot more. Valuation doesn’t look even remotely stretched to me, so I think there could be further upside here, maybe to 400-500p/share possibly (in the fullness of time [nice and vague!]).
Both Graham and I have reviewed CMCX, this is now the 6th time in calendar 2024, and we’ve been unanimously positive on each occasion, as the facts justify the superb share price performance. So it’s not a case of us falling in love with a big winner for us, it still stacks up fully on fundamentals I think.
Note that the share count has actually dropped slightly over the 5-year period shown below. Note CMCX is controlled by founder Peter Cruddas, who controls c.60%, so he'll be zooming up in the rankings of the next Sunday Times rich list, given the share price performance here!