CMC Markets (CMCX)

Sector:

Financials

Index:

FTSE 250

280.00p
   
  • Change Today:
    -0.50p
  • 52 Week High: 285.00
  • 52 Week Low: 89.20
  • Currency: UK Pounds
  • Shares Issued: 282.29m
  • Volume: 438,338
  • Market Cap: £790.42m

Sunday shares tips: Serica Energy, Greene King, CMC Markets

By Digital Look

Date: Sunday 06 Jan 2019

LONDON (ShareCast) - (Sharecast News) - In this Sunday's round-up of newspaper share tips, there was Serica Energy in the Sunday Times, Greene King in the Mail on Sunday and CMC Markets in the Sunday Telegraph.
Serica Energy, the AIM-listed oil and gas producer, was tipped as a 'buy' in the Sunday Times' Inside the City column. In late November, a year after first agreeing the deal, the company tied up a tricky deal to buy stakes in the Bruce, Keith and Rhum fields in the UK North Sea from BP, Total and BHP. Instantly becoming one of the largest mid-tier exploration and production companies in the region in a deal that constituted a reverse takeover under AIM rules, Serica acquired operating rights on the three fields, with a 98% interest in Bruce, a 100% interest in Keith and a 50% interest in Rhum.

Bringing these fields into the group means Serica is producing around 26,000 barrels per day, more than FTSE 250-listed Cairn Energy. The North Sea portfolio is over 85% weighted towards natural gas. Annual profits are forecast to jump from a predicted $9m in 2018 to $175m for 2019, according to broker Peel Hunt, as revenues rise from $41m to close to $400m.

Elsewhere in the portfolio there are exploration and development interests in the Rowallan, Columbus, Skerryvore and Ruval fields of the North Sea, plus an existing 18% non-operated interest in the Erskine field. Drilling has begun at Rowallan, while the 50% operated interest in the Columbus field is scheduled to start development in 2019 and expected to begin producing from 2021.

Shares in Greene King were tipped as a tasty investment tipple by Midas in the Mail on Sunday, saying buying now gave access to an "undervalued" stock paying a 6% dividend.

As well as brewing the likes of Abbot Ale and Greene King IPA, the company is the UK's largest managed pubs operator, with its chains including English Inns, Loch Fyne eateries, family pubs under the Hungry Horse and Wacky Warehouse brands, and the Spirit portfolio of pubs under the Chef & Brewer and Taylor Walker brands.

First-half results in early December showed a 2.7% increase in like-for-like sales in the pub company, which was well ahead of rivals such as Marston's and EI. Progress was also made on boss Rooney Anand's priorities of improving underlying sales growth and efficiency and refinancing the debt taken on from the Spirit acquisition in 2015.

Anand steps from behind the bar in April, with analysts at Liberum suggesting that the announcement of a successor could be a "positive catalyst" for sentiment towards the stock that will draw the line under a period of acquisitions.

Questor in the Sunday Telegraph said CMC Markets "could be a doubled in a year or two". With spread-betting firms tending to do well when markets are volatile, CMC's shares "look cheap".



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 280.00p
Change Today -0.50p
% Change -0.18 %
52 Week High 285.00
52 Week Low 89.20
Volume 438,338
Shares Issued 282.29m
Market Cap £790.42m

CMC Markets Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
2.38% above the market average2.38% above the market average2.38% above the market average2.38% above the market average2.38% above the market average
35.19% below the sector average35.19% below the sector average35.19% below the sector average35.19% below the sector average35.19% below the sector average
Price Trend
75.54% above the market average75.54% above the market average75.54% above the market average75.54% above the market average75.54% above the market average
82.76% above the sector average82.76% above the sector average82.76% above the sector average82.76% above the sector average82.76% above the sector average
Income
28.55% below the market average28.55% below the market average28.55% below the market average28.55% below the market average28.55% below the market average
64.18% below the sector average64.18% below the sector average64.18% below the sector average64.18% below the sector average64.18% below the sector average
Growth
95.42% below the market average95.42% below the market average95.42% below the market average95.42% below the market average95.42% below the market average
94.5% below the sector average94.5% below the sector average94.5% below the sector average94.5% below the sector average94.5% below the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 2
Sell 0
Strong Sell 2
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-May-2024

Time Volume / Share Price
16:35 120,305 @ 280.00p
16:35 52 @ 280.00p
16:35 314 @ 280.00p
16:35 505 @ 280.00p
16:35 388 @ 280.00p

CMC Markets Key Personnel

CEO Peter Cruddas

Top of Page