CMC Markets plc (CMCX) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everybody, and thank you for joining CMC's full year 2024 results presentation. On the call today is, apart from myself, is Dave Feinberg, Deputy CEO, Albert, Chief Financial Officer, Matt Lewis from Head of APAC and Canada, and Head of Capital Markets, Lawrence Booth. I will begin this morning's presentation with a brief overview of some of the operational and strategic successes from the year, before handing over to Albert, David, Matt and Lawrence, who will cover the financial and operational highlights in more detail. I will then finish with a summary of our strategic progress before we take your questions. Now, before we turn to slide three, I just want you to answer three questions that I often get asked. And they are, number one, am I going to retire? Number two, am I still committed to the business? And three, am I going to sell any shares? So here are the answers. No, I'm never going to retire. I repeat, I'm never going to retire. Yes, I'm still very much committed to the business and you will see that in today's presentations. No, I have not sold shares since 2016 and I have no plans to. And just one point really, if I live as long as Warren Buffett, I will work for CMC Markets for at least another 23 years. When I listed this business in 2016, I sold the minimum number of shares I could sell. And I have not sold any shares since and I do not plan to. I have never gained any of my shares. I didn't buy more shares when they were at their lows of around 80 pence. And I didn't sell any shares when they were at their highs above five pounds. Being an owner-run business, I believe, is a big advantage. I get things done. I cut through the crap and I'm definitely not woke. Since I banned working from home a year ago, our share prices tripled. Over th...