Business
H1 2022 Pre-Close Trading Update
H1 2022 Pre-Close Trading Update.
About this update from Cmc Markets Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 2660O\n CMC Markets Plc\n 07 October 2021\n \n \n \n \n 7 October 2021\n \n \n CMC Markets Plc\n \n \n \n \n \n H1 2022 Pre-Close Trading Update \n \n \n For the six months ended 30 September 2021\n \n \n \n \n \n Reiterating FY guidance; increased relative contribution from the non-leveraged business continues\n \n \n CMC Markets Plc (\"CMC\" or \"the Group\"), a leading global provider of online trading and institutional (\"B2B\") platform technology solutions, today issues a trading update for the six months to 30 September 2021 (\"H1 2022\" or \"the period\").\n \n \n \n \n \n Key Highlights \n \n \n \n \n \n · \n H1 2022 net operating income expected to be approximately £126 million. FY 2022 net operating income guidance reiterated at £250-280 million. \n \n \n · \n H1 2022 leveraged gross client income is expected to be approximately £127 million (H1 2021: £174 million).\n \n \n · \n H1 2022 leveraged net trading revenue is expected to be approximately £100 million (H1 2021: £200 million).\n \n \n · \n H1 2022 non-leveraged net trading revenue is expected to be approximately £24 million (H1 2021: £26 million) representing 19% of Group net operating income versus 11% in H1 2021.\n \n \n · \n Announced the acquisition of over 500,000 share investing clients of Australia and New Zealand Banking Group Limited (\"ANZ\"), with total assets in excess of AUD$45 billion which is due to complete in the next 12-18 months. \n \n \n \n \n \n \n \n \n Trading Update \n \n \n CMC reiterates prior guidance and expects FY 2022 net operating income to settle in a range between £250-280 million. Overall client AUM remains near record levels. H1 2022 active clients are moderately lower compared to H1 2021, nevertheless the monthly trading client numbers continue to remain at similar levels to those reported earlier in the year. Increased market activity exiting September led to improved client trading volumes. \n \n H1 2022 leveraged net trading revenue is expected to be approximately £100 million (H1 2021: £200 million). The Group's non-leveraged net trading revenue is expected to be approximately £24 million for H1 2022 (H1 2021: £26 million). In H1 our Australian stockbroking business experienced the highest AUM on record and finished ...