Investments and investor services
CMC Markets' price target lifted by Canaccord Genuity
“The dividend remains an attraction, in our view, offering a 4.4% yield,” the broker said, as it reiterated its ‘hold’ rating.
Company
LON:CMCX
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.
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Investments and investor services
“The dividend remains an attraction, in our view, offering a 4.4% yield,” the broker said, as it reiterated its ‘hold’ rating.
Investments and investor services
“We see CMC as attractively valued with an unchanged fair value estimate of 550p,” the analyst said
Investments and investor services
“It’s good that they’re coming into the market because eventually, hopefully, they’ll move into a much bigger programme of investing, not just the topical stocks, and we’ll see more of them coming to us in the future," said CMC's CEO, Peter
Investments and investor services
The first set of signature baskets are based on relative rotation graphs, which identify stocks exhibiting positive momentum compared to their benchmark indices
Investments and investor services
Net operating income for the current fiscal year is expected to be slightly ahead of the upper end of the current range of consensus of £399.61mln
Investments and investor services
By using AWS CMC Markets has freed up valuable development hours that would otherwise have been spent managing its own servers
Investments and investor services
"We have a healthy pipeline of projects that will drive new revenue streams," said boss Peter Cruddas
Investments and investor services
The trading platform operator said despite contrasting opinions on NBLPs, the report had also highlighted that the entities had "played a key role in maintaining an orderly market during COVID-driven volatility"
Investments and investor services
The trading platform operator is focused on attracting and retaining high-quality clients and said the signs in the second half of its fiscal year are good in terms of hitting these objectives
Investments and investor services
Partnering with Gold-I opens up new business opportunities in territories such as Latin America
Investments and investor services
“We believe a large proportion of Australian CFD net revenue is generated by clients eligible to qualify as wholesale clients, meaning those clients will not be impacted by the regulatory changes announced by ASIC today,” the online CFD bro
Investments and investor services
The trading platform operator has made a habit over the last 18 months or so of raising guidance and it has done it again today
A glance at some of the day's highlights from the Proactive Investors newswire
Investments and investor services
Having issued a series of upgrades to guidance in its previous financial year, CMC has raised market expectations for the second time since the end of June
Investments and investor services
The trading platform operator recently unveiled a sparkling set of full-year results but suggestions that the strong performance was largely down to market volatility during the pandemic are wide of the mark
Trading activity has been bonkers during the coronavirus pandemic period but even if they return to normal levels, CMC is confident its performance will top even the most optimistic broker forecasts
Gross client income from contracts for difference (CFDs) at the start of the new financial year has been “around double” the levels seen last year, the company said
CMC is retaining a “considerably stronger” proportion of this client income than the 75-80% range than it had expected a few months ago
Archive
Britain's blue-chip index fell over 64 points lower to close the day at 5,415. On the week as a whole, the benchmark fell around 1.7%
Following updates on manufacturing and construction in the past two days, Friday will see PMI report for services sectors around the world - and one of the UK's most important lead indicators