CMC Markets (CMCX)

Sector:

Financials

Index:

FTSE Small Cap

217.50p
   
  • Change Today:
    -2.00p
  • 52 Week High: 222.15
  • 52 Week Low: 89.20
  • Currency: UK Pounds
  • Shares Issued: 282.29m
  • Volume: 703,046
  • Market Cap: £613.99m

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."

Email this article to a friend

or share it with one of these popular networks:


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 217.50p
Change Today -2.00p
% Change -0.91 %
52 Week High 222.15
52 Week Low 89.20
Volume 703,046
Shares Issued 282.29m
Market Cap £613.99m

CMC Markets Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
18.92% above the market average18.92% above the market average18.92% above the market average18.92% above the market average18.92% above the market average
18.1% below the sector average18.1% below the sector average18.1% below the sector average18.1% below the sector average18.1% below the sector average
Price Trend
63.77% above the market average63.77% above the market average63.77% above the market average63.77% above the market average63.77% above the market average
55.17% above the sector average55.17% above the sector average55.17% above the sector average55.17% above the sector average55.17% above the sector average
Income
27.36% below the market average27.36% below the market average27.36% below the market average27.36% below the market average27.36% below the market average
57.58% below the sector average57.58% below the sector average57.58% below the sector average57.58% below the sector average57.58% below the sector average
Growth
94.9% below the market average94.9% below the market average94.9% below the market average94.9% below the market average94.9% below the market average
90.74% below the sector average90.74% below the sector average90.74% below the sector average90.74% below the sector average90.74% below the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 3
Sell 0
Strong Sell 1
Total 5
neutral
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 07-Dec-23 13-Jul-23
Paid 11-Jan-24 11-Aug-23
Amount 1.00p 3.90p

Trades for 28-Mar-2024

Time Volume / Share Price
16:39 4,000 @ 217.50p
16:35 39,974 @ 217.50p
16:35 1,037 @ 217.50p
16:35 189 @ 217.50p
16:35 645 @ 217.50p

CMC Markets Key Personnel

CEO Peter Cruddas

Top of Page