CMC Markets (CMCX)

Sector:

Financials

Index:

FTSE 250

309.50p
   
  • Change Today:
      6.50p
  • 52 Week High: 505.00
  • 52 Week Low: 219.50
  • Currency: UK Pounds
  • Shares Issued: 287.08m
  • Volume: 480,423
  • Market Cap: £888.51m

CMC Markets posts record H1 results as Covid boosts activity

By Michele Maatouk

Date: Thursday 19 Nov 2020

LONDON (ShareCast) - (Sharecast News) - Online trading platform CMC Markets reported a record first-half performance on Thursday as it benefited from ongoing volatility related to the Covid-19 pandemic.
In the six months to 30 September, pre-tax profit surged 369% to £141.1m, with net operating income up 126% to £230.9m.

Contract-for-differences (CFD) and spread bet net trading revenue rose 135% to £200.4m and stockbroking net trading revenue was up 82% to £26.3m. The dividend per share was lifted to 9.20p from 2.85p.

CMC said there was strong growth in both the CFD and stockbroking areas of the business as Covid-related volatility drove new clients to on-board and dormant clients to reactivate their accounts. CFD active client numbers grew 42% over the half to 59,082.

Chief executive officer Peter Cruddas said: "The significant increase in net trading revenue across all areas of the business in H1 2021 is a result of the group's unwavering focus on our strategic initiatives. This has delivered increased diversification of group revenues, improved CFD client income and an increased number of active clients.

"Looking ahead, while it is still too early to know the full extent of the changes in client trading demand, we have had the ability to demonstrate the strength of our offering and are confident in retaining the high-quality clients we target. I believe that CMC is in an excellent position. We have many opportunities to leverage our technological innovation, quality client service and platform strength, and these will allow us to expand our product portfolio and deliver further profitable growth for the group."



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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

CMC Markets Market Data

Currency UK Pounds
Share Price 309.50p
Change Today 6.50p
% Change 2.15 %
52 Week High 505.00
52 Week Low 219.50
Volume 480,423
Shares Issued 287.08m
Market Cap £888.51m

CMC Markets Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
19.18% above the market average19.18% above the market average19.18% above the market average19.18% above the market average19.18% above the market average
28.93% below the sector average28.93% below the sector average28.93% below the sector average28.93% below the sector average28.93% below the sector average
Price Trend
44.18% above the market average44.18% above the market average44.18% above the market average44.18% above the market average44.18% above the market average
38.69% above the sector average38.69% above the sector average38.69% above the sector average38.69% above the sector average38.69% above the sector average
Income
74.13% above the market average74.13% above the market average74.13% above the market average74.13% above the market average74.13% above the market average
27.27% above the sector average27.27% above the sector average27.27% above the sector average27.27% above the sector average27.27% above the sector average
Growth
98.05% above the market average98.05% above the market average98.05% above the market average98.05% above the market average98.05% above the market average
94.96% above the sector average94.96% above the sector average94.96% above the sector average94.96% above the sector average94.96% above the sector average

What The Brokers Say

Strong Buy 4
Buy 0
Neutral 1
Sell 0
Strong Sell 1
Total 6
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

CMC Markets Dividends

  Latest Previous
  Interim Final
Ex-Div 25-Nov-21 05-Aug-21
Paid 20-Dec-21 09-Sep-21
Amount 3.50p 21.43p

Trades for 27-May-2022

Time Volume / Share Price
16:35 131,917 @ 309.50p
16:29 4 @ 309.00p
16:29 192 @ 309.00p
16:29 89 @ 309.00p
16:29 27 @ 308.50p

CMC Markets Key Personnel

CEO Peter Cruddas
CFO Euan Marshall

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