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 surge in full-year profits

By Michele Maatouk

Date: Thursday 10 Jun 2021

LONDON (ShareCast) - (Sharecast News) - Online trading platform CMC Markets reported a surge in full-year profits on Thursday, with customer numbers up as it benefited from heightened volatility due to the pandemic.
In the year to 31 March, pre-tax profit jumped 127% to £224m, while net operating income rose 63% to £409.8m.

Earnings per share were up 104% to 61.5p and the company declared a dividend of 30.6p, up from 15p a year earlier.

CFD revenue per active client grew 22% to £4,560, driven by improved client income retention, while CFD active clients rose 34%. CMC Markets said there had been "increased levels of interest in the financial markets from a new wave of clients".

Meanwhile, stockbroking net trading revenue was 72% higher than in 2020 at £54.8m, as client numbers grew 28%.

CMC said that while the monthly active client base has remained strong at the start of 2022, client trading activity has moderated from elevated levels. Nevertheless, it continues to have confidence in "the robust underlying performance" of the business and expects to achieve operating income in excess of £330m for 2022.

Chief executive Peter Cruddas said: "I am delighted with our record performance, which vindicates our strategy of continuing focus on high value clients and technology investment.

"The performance in 2021, building on a strong performance in 2020, is a result of the group's unwavering focus on our strategic initiatives. This has delivered increased diversification of group revenues and improved CFD client income retention. Active client numbers have also increased substantially, primarily as a result of Covid-19 related volatility and heightened levels of interest in the financial markets, but our strategy allows us to attract and retain these new clients.

"The growing contribution of B2B revenues is also particularly pleasing and will continue to be an important part of our strategy going forward."

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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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