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CML Microsystems – profit warning, how loudly did it previously ‘sound a note of caution’ really?…

By Steve Moore | Tuesday 26 March 2024


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.


December-announced half year results from “semiconductors for global communications markets” company CML Microsystems (CML) emphasised “the financial and operational progress made during the period has been pleasing and gives the board a great deal of confidence as we continue to deliver value to our shareholders”. That was with the shares then at above 380p, but the HotStockRockets website noted in February industrial markets conditions concern and the shares were sold from the portfolio there at 394p. They most recently closed at 373p… and what of today a “trading update” currently seeing them down to 320p?
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