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CMC Markets plc (T8Q.F)

Frankfurt - Frankfurt Delayed Price. Currency in EUR
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3.6650+0.0150 (+0.41%)
As of 9:03AM CEST. Market open.
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Neutralpattern detected
Previous Close3.6500
Open3.6650
Bid3.7100 x 260000
Ask3.8950 x 250000
Day's Range3.6650 - 3.6650
52 Week Range1.3900 - 3.9600
Volume2,368
Avg. Volume170
Market Cap1.079B
Beta (5Y Monthly)0.21
PE Ratio (TTM)24.76
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield0.17 (4.52%)
Ex-Dividend DateAug 06, 2020
1y Target EstN/A
  • There Is Such a Thing as Too Much Volatility, Online Broker Says
    Bloomberg

    There Is Such a Thing as Too Much Volatility, Online Broker Says

    (Bloomberg) -- British online broker CMC Markets Plc’s revenue surged as coronavirus-driven volatility spurred a jump in trading volumes, but the firm’s boss says he’s hoping for a return to more normal times.“We do not like extreme volatility,” founder and CEO Peter Cruddas said in an interview. “You might think that it’s good for our business, and it is, we do make good money during these extremely volatile periods, but overall we prefer normal volatility.” More stable markets allow the company to better manage its risk and predict future earnings, he explained.CMC said Thursday that first-half net trading revenue in contracts for difference (CFD) jumped 135% from a year earlier, to about 200 million pounds ($259 million). CFD trading, where clients bet on the price of underlying securities without owning them, has ridden the same wave of Covid-19-driven volatility that’s boosted everyone from institutional brokers to retail investing platforms such as Robinhood.The excitement has helped send CMC’s stock price 144% higher this year, ranking it among the U.K.’s best performers of 2020. It’s also left the group with a swelling capital position, though Cruddas says the company is not under pressure from investors to increase payouts, for example through special dividends.“We all like a dividend -- Mrs Cruddas loves a dividend,” the majority shareholder said, “but people can see that we are investing, and they’re quite supportive that we use our surplus cash to keep investing in our technology.”CMC’s shares slipped 1.2% as of 1:11 p.m. in London after the company flagged an expected increase in operating costs. Cruddas said that mainly reflects investments in technology and recruiting more people, having added at least 50 members of IT staff in the past nine months.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • CMC Markets Plc (LON:CMCX) Passed Our Checks, And It's About To Pay A UK£0.12 Dividend
    Simply Wall St.

    CMC Markets Plc (LON:CMCX) Passed Our Checks, And It's About To Pay A UK£0.12 Dividend

    Regular readers will know that we love our dividends at Simply Wall St, which is why it's exciting to see CMC Markets...

  • Upgrade: Analysts Just Made A Substantial Increase To Their CMC Markets Plc (LON:CMCX) Forecasts
    Simply Wall St.

    Upgrade: Analysts Just Made A Substantial Increase To Their CMC Markets Plc (LON:CMCX) Forecasts

    Shareholders in CMC Markets Plc (LON:CMCX) may be thrilled to learn that the analysts have just delivered a major...