CML released better-than-expected half year results for the period ended 30 September 2021.
Companies: CML Microsystems Plc
Confirming a strong start to the year, with revenues and adjusted EBITDA up 30% and 43% respectively,
CML’s interims resultsfor H1 FY22A(six months to 30th September 2021)reflect a business with a bigger
spring in its step following on from the Hyperstone divestment earlier in 2021. Importantly, there are
pleasing signs that the new strategy of growing customer share and expanding the customer base is
already paying dividends, alongside recovery in existing markets. We are pleased to push th
CML's pre-close trading update for the six-months to 30 September 2021 reports continued positive momentum that was evident in the business at the end of F2021. CML intends to publish H1 F2022E results on Tuesday 24 November 2021.
Exactly one year ago, the FTSE 100 closed at 5,862, having fallen 100 points on the day, the lowest point since mid-May 2020, due in part, to the strength of sterling vs US$ at $1.34. One year on, the FTSE 100 has risen to 7,119, a rise of 21%, it remains 7% below the peak in January 2020. From an international viewpoint, US and European markets continue to trade at record highs. The US Federal Reserve is close to withdrawing some of its economic support this year as inflation picks up and the e
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The attached report takes an in-depth look at the new CML, a leading specialist provider of application-specific semiconductors for wireless communications, with core competencies in mixed-signal RF and big digital design, supported by a world class production and distribution platform.
What a difference a year makes - 12 months ago, the focus, quite understandably, was on the course of the pandemic and the lifting of the Lockdown (1) measures. For investors, it was the sustainability of the rally in markets seen since March 2020. Today, while we are still thinking about the lifting of lockdown measures, we are also concerned about two “old favourites” from previous decades. Inflation and the parlous state of public finances. The BoE has said that although CPI inflation rose to
Companies: ACIC BVC BAG BRSD BWNG CBOX CEG CTG CLG CML CRPR DNK EML ESC FAR FA/ GPH INSE MTW MOTR MMAG NRR NESF NMCN NSF OTMP OBD SAVE SCS STVG SNX SYS TMG TGL VLS VOG WYN
CML released its full year results for the period ended 31 March 2021. Total revenue for communications is down y/y by 16.7% to £12.5m (F2020: £14.96m), reflecting regional challenges associated with COVID-19 lockdowns, uncertainties related to the China/US trade dispute, and shortages in the overall semiconductor market. Profit after tax totalled £0.8m or £0.048/share diluted from continuing operations. Profit including discontinued operations was £23.6m or £1.41/share fully diluted.
Following on from the disposal of Hyperstone, in February 2021, and the associated return of c. £8.3m (50p per share) to shareholders, CML has transformed itself into a pure play on the much larger industrial global communications market, which represents a high-growth opportunity with notable secular demand drivers. An exciting new dawn thus begins; one that is seeing CML accelerate its strategy of growing customer share and expanding the customer base. In this note, we are reintroducing estim
The UK market showed a continued recovery in the first quarter albeit the indices are still well short of their all-time peaks, unlike many of their international peers. The FTSE 100 has risen by 1,186 points (21.4%) since the end of October and the FTSE 250 by 4,304 points (25.0%). The comparable performance since the start of the year is less spectacular- the FTSE 100 has risen by 253 points (3.9%) and the FTSE 250 has risen by 1,070 points (5.0%). The factors behind the sustained rally are fa
Companies: AMYT ARBB CEG BAG BVC BEG BONH BLVN BRSD CML CWK CRPR EYE ECHO FDM FAR FA/ GPH GSF HUW INSE JDG KAPE KP2 MACF MPAC MNZS NESF NBI OTMP OBD PREM QFI RUA SCS SEN SOS SUR TON TOU TXP TGL TCN UEM VLS WYN
CML has issued a trading update for 1 October 2020 to 18 March 2021.
The Budget offered a clear picture of the state of the economy. Put simply, the economy will be 3% smaller in three years’ time than it would have been without the impact of the pandemic. However, it is forecast to return to pre-pandemic levels by mid-2022, six months earlier than previously thought. The OBR forecasts that the UK economy will grow by 4.1% in 2021, (lower than the 5.5% outlined in November 2020). It has set its GDP forecasts in 2022, 2023 and 2024 at 7.3%, 1.7% and 1.6%. Positive
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CML has announced the return of £8.28m (~US$11.6m) to shareholders in the form of a return of capital.
We highlighted last month the (first) Santa Rally arrived early (unlike some other festive gifts). The second Claus(e) relief rally was prompted by the agreement between the European Commission and the UK on its future cooperation with the EU. Markets also reacted positively to the $900bn stimulus package agreed in the US. While the FTSE 100 and FTSE 250 indices rose by 1.6% and 1.7% respectively on the first trading day after the holiday and the FTSE 100 has recovered 28% from its low point in
Companies: AMYT ARBB CEG BVC BEG BWNG CGI CLG CML EYE ECHO EPWN ESC FA/ GDWN GSF GNC HUW INSE KAPE KP2 NRR NBI NUC OTMP PPC QFI RQIH RUA SAVE SEN SNX TOU TXP TGL UPGS APGEF
CML has entered a definitive agreement with Swissbit, a specialist producer of industrial-grade data-storage and embedded IoT solutions to divest Hyperstone for US$49m in cash. The transaction is expected to close during the early part of 2021, subject to regulatory approvals and customary closing conditions.
H1F21, impacted by the COVID pandemic, created mixed trading conditions across CML's end-markets, particularly when combined with continuing industry headwinds. However, with solid sales and new orders in Storage markets and a growing product portfolio in Communications markets, supported by a clear strategy focused on enhanced capabilities and internal expertise to increase the size of the addressable market; strong proprietary IP and respected quality/reliability of technology; and continued i
Research Tree provides access to ongoing research coverage, media content and regulatory news on CML Microsystems Plc.
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Companies: Spectra Systems Corporation
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Fulcrum has delivered a reassuring trading update, confirming it continues to trade in-line with FY22E forecasts, as evidenced by disclosed headline interim results. This comes despite recent turbulence in the UK's energy marketplace, which has not impacted Fulcrum's progress, including its recently established smart metering business. Given a 22% decline in the shares this month, opportunistic buyers should see value as forecasts remain unchanged and the stock now trades at book value and a his
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