CMC Markets making a habit of outperforming expectations

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  • CMC Markets says trading activity remains at healthy levels
  • CMC Markets has “a massive investment programme and lots of opportunities”
  • CMC Markets’ price target lifted by Canaccord Genuity
  • CMC Markets’ maintain active client numbers which were up by a third from pre-pandemic levels
CMC Markets PLC -

Quick facts: CMC Markets PLC

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CMC Markets PLC is a leading global provider of online retail financial services complete with a comprehensive institutional offering.

The company enables clients to trade a broad range of financial instruments through its award-winning Next Generation trading platform, supported by sophisticated charting, competitive pricing and automated execution.

29 Jul 2021

(, ) said trading activity had continued at healthy Ievels in the first three months of its current fiscal year albeit below the exceptional volumes seen in the previous twelve months.

Monthly active client numbers remain at similar levels to 2021, which were up by around a third from pre-pandemic levels, the spread betting firm said in a trading update.

Client income retention remained in excess of 80%, but below the levels reported for the year just ended, as previously guided.

Operating costs were moderately higher year on year as new staff were taken on for its new non-leveraged investment platform.

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21 Jun 2021

() was reiterated as a ‘buy’ by broker Shore Capital in a note on Monday.

Recent results for the year to March 2021 capped off a “stellar year” in terms of trading and client growth, with results slightly ahead of consensus, the Shore Cap analyst Vivek Raja noted, including a better performance in stockbroking than expected and the construction of a UK investment platform said to be well underway.

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10 Jun 2021

() remains confident of achieving net operating income in excess of GBP330mln in the current financial year.

The online trading platform operator said in its results statement for the year to the end of March 2021 that its monthly active client base has remained strong, although client trading activity has come off the boil a little.

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15 Jul 2020

As an operator of a trading platform, () does not give investment advice to its customers.

Founder and chief executive Peter Cruddas, however, has no hesitation in offering advice to investors at large about his company’s own shares.

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22 Jul 2021

() has had its price target hiked to 463p from 326p by (, ).

The broker sees both upside and downside risks for the spread betting platform operator, which has just enjoyed a record year for client acquisition and profitability.

The potential downside risk could come from a greater decline in gross income per CFD (contracts for difference) in fiscal 2022 (FY22) than the 3% fall the broker is currently forecasting, due to lower market volatility and the impact of leverage restrictions in Australia.

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29 Jul 2021

(, )’s () CFO Euan Marshall talks to Proactive London’s Katie Pilbeam about their trading activity which has continued at healthy Levels in the first three months of its current fiscal year albeit below the exceptional volumes seen in the previous twelve months.

Monthly active client numbers remain at similar levels to 2021, which were up by around a third from pre-pandemic levels. And Client income retention remains in excess of 80%, but below the levels reported for the year just ended, as previously guided.

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CMC Markets’ maintain active client numbers which were up by a third from…

CMC Markets PLC (LSE:CMCX, FRA:T8Q)’s (LON:CMCX) CFO Euan Marshall talks to Proactive London’s Katie Pilbeam about their trading activity which has continued at healthy Levels in the first three months of its current fiscal year albeit below the exceptional volumes seen in the previous twelve…

8 hours, 28 minutes ago

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