RE: Markets will turn up , so will CMC25 Aug 2023 12:01
"higher interest rates means the company can't offer much upside for 2024" - wrong, see below
"Interest income - this is an important point. I recall before the zero interest rate period, spread betting companies made most of their profit from finance income - pocketing the interest earned on substantial client funds. Now that interest rates have gone up substantially, and rapidly, this should result in a dramatic increase in finance income for companies like CMCX. the TU on 27 July 2023 made this important point -
…however weaker client activity has been offset by stronger interest income, resulting in overall net operating income tracking at a similar run rate to the same period last year. "