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EXCLUSIVE: Ingenious SEIS fund – what are they not telling us as Nominee goes into Special Administration?
Semiconductors company CML Microsystems (CML) has updated commencing; “The company expects to report revenue for the full year of circa £28 million. This represents a decrease of 11% against the prior full year period which is marginally better than reported in the trading update announced on 1 February 2019. Unaudited full year figures show a profit before tax of close to £3m. The group retains a robust balance sheet with a net cash position of £12.8 million at 31 March 2019”. The shares currently remain below 300p, comparing to 440p as recently as January…
A 20th November-announced half-year report from semiconductors company CML Microsystems (CML) included “it currently looks challenging for second half revenues to show material improvement over the first six months although at the profit before tax level, the impact is expected to be less pronounced due to the anticipated product mix. Therefore, a full year advance in profitability remains likely, in-line with market expectations”. Today a “Trading Update” – and the shares currently more than 20% lower on the back of it, towards 340p…
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