Good morning!
Today we have:
CMC Markets (LON:CMCX)Allied Minds (LON:ALM)Judges Scientific (LON:JDG)Naked Wines (LON:WINE)Knights Group (LON:KGH)HSS Hire (LON:HSS)Manolete Partners (LON:MANO)Targeting a 5pm finish.
CMC Markets (LON:CMCX)
Share price: 136.7p (+8%)No. of shares: 289 millionMarket cap: £395 millionInterim Results
These are terrific results.
I bought a few of these shares at around 87p in February, but didn’t have the conviction to hold on to them, and don’t currently have a position. I remain heavily long IG Group (LON:IGG).
But wow, what a performance from CMC.
It has taken me a few minutes to figure out how they did it. Here’s the answer, in a table:
Let me explain what’s happening here!
Definitions:
Net client income is the trading income for CMC from client activity: spreads, financing…
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