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 takes over ANZ share investing client base

By Iain Gilbert

Date: Thursday 16 Sep 2021

LONDON (ShareCast) - (Sharecast News) - Online trading platform provider CMC Markets said on Thursday that it was now in the process of transitioning Australia and New Zealand Banking's share investing client base to CMC for a sum of AUD $25.0m (£13.23).
CMC Markets stated the transaction involved the transition of over 500,000 ANZ share investing clients, with total assets in excess of AUD $45.0bn (£23.82bn).

The FTSE 250-listed firm said the consideration would be funded from existing cash resources and marked "another significant step" in the ongoing diversification of the group's global business and in the Australian market.

CMC Markets added that while the transaction would put an end to its white-label technology partnership with ANZ, it was expected to further establish the firm as a financial technology leader in the Australian market and remove the uncertainty around the finite term of its existing partnership. The company expects it to take 12 to 18-months to fully transition clients.

Chief executive Peter Cruddas said: "This transaction is part of our strategy to create a non-leveraged investment platform and forms part of our longer-term goals for the company. As this new venture expands and develops, we will be able to offer more products, including third-party funds and tax wrappers, directly to our clients.

"This is a further step towards the diversification of CMC's earnings and complements the launch of our new investment platform in the UK, aligning our business strategy across our core geographies."

As of 0930 BST, CMC Markets shares were up 1.28% at 277.50p.

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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 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

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