The provider of financial trading products, notably CFDs and spread betting, has had a challenging past few months. With the share price now close to all-time lows and the forecast dividend yield approaching 7%, a closer look seems justified.
CMC’s most recent trading update on 25 September 2018, which covered the period from 1 July 2018 to 25 September 2018, confirmed that the second quarter of its financial year had been impacted by a sustained period of low market volatility and a decrease in overall client trading activity following regulatory changes. The result of this was that net operating income for 2019 was expected to be below previous guidance. CMC Markets was founded by current CEO Peter Cruddas in 1989 and is one of the world’s leading online financial trading businesses, facilitating trading in contracts for difference (“CFDs”) and,…
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