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CML Microsystems – an ahead of upcoming catalysts BUY

By HotStockRockets | Tuesday 5 September 2023

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

An “AGM Statement” on August from CML Microsystems (CML) included that it “has commenced its new financial year positively and remains on course to achieve a year of further growth and improvements in revenues and operational profit” and is “excited by the growth that a combination of organic and acquisitive growth can deliver”. We concur from current share price levels – with, despite the AGM update, the shares still down from approaching 600p earlier this year to a 440p offer price.
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