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 H1 profits set to rise

By Michele Maatouk

Date: Thursday 06 Oct 2022

LONDON (ShareCast) - (Sharecast News) - Online trading platform CMC Markets said on Thursday that first-half profits are set to be ahead of the previous year following an improvement in underlying market activity through August and September.
In a pre-close trading update for the six months to the end of September, the company said net operating income is expected to be around £153m, up 21% on the same period a year ago.

Leveraged gross client income will come in at around £155m, up 22%, while leveraged net trading revenue is expected to rise 27% to £128m. Non-leveraged net trading revenue is expected to decline 14% on the same period a year earlier to £21m.

CMC said it closed the first six months with a pickup in market volatility and trading volumes, which drove the improvement in operating income.

Chief executive Lord Cruddas said: "We are on a fast track to diversification, using our existing platform technology to win B2B and B2C non-leveraged business. Our strategic growth plans are on track and set to deliver significant new business expansion as we introduce new products across our retail, institutional and stockbroking businesses.

"We look forward to updating you more in our H1 results on 16 November 2022."

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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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