Plus500 Share Discussion Threads

[barryharmer] 16/4/2024 18:19

We might be lucky and they stop the buybacks and pay bigger dividends so there are more shares in circulation for the rumoured NYSE listing.

[base7] 16/4/2024 14:19

Solid update ,increased expectations for FY24 -resulting in expectation of increased dividends & continued buy backs

[aleman] 16/4/2024 11:24

VIX still climbing as one might expect. Nearly up to 20 now - a 6 month high.

[davidosh] 16/4/2024 08:38

key phrase....

Reflecting this progress, the Board expects that the FY 2024 results will be ahead of current market expectations.

[mirabeau] 16/4/2024 07:56

Of course, it's dollars but nonetheless what a cushion for future expansion..apologies

[aleman] 16/4/2024 07:54

Cash is marginally under £800m, making it marginally over 50% of market cap. Still suggests good value at £20 with a decent Q1 under the bridge and Q2 starting with more active markets.

[mirabeau] 16/4/2024 07:47

Mind-blowing

Cash makes up almost two thirds of the company's market value and that's after the various charges such as buybacks etc...incredible

the business is on steroids

[beergut] 16/4/2024 07:26

Any views on this morning results

[dumbbunny] 15/4/2024 15:12

Noshellfish, the company might not have much in the way of physical infrastructure in Israel but it’s where the company’s most valuable assets are located - its people!

[rimau1] 15/4/2024 10:31

Massively undervalued, strip out cash and this is 3x historic earnings. VIX is up significantly YTD and we should get positive news on Japan and the US this week, i am personally expecting another bullish update.

[noshellfish] 15/4/2024 09:42

The stock didn't budge much when the Israel-Hamas war originally started, so I don't expect it to move much now either. It's a global fintech without much physical infrastructure in Israel, it seems the much bigger driver of the price is global stock market trends, and possibly the VIX.

[davidosh] 14/4/2024 20:40

This is at an all time high now I think.

[base7] 14/4/2024 07:57

Great to see £20 broken -will it hold this week with view to geo political events in Mid East ?

[aleman] 10/4/2024 14:22

Another little spike in VIX as US CPI released, though in reality only slightly higher than yesterday. I imagine traders will be busier than they've been for a while.

[arja] 10/4/2024 14:01

lovely looking chart but quite near long term resistance level . big move today on back of news ? I do not follow PLUS closely but have NO stamp duty stocks only on my watchlist as great for day or overnight trades :)

[base7] 10/4/2024 13:13

Q1 trading update due early next month-hopefully gaining traction in US Markets

[beergut] 10/4/2024 10:54

When are we expecting a trading updateThe stock is looking a little perky

[aleman] 09/4/2024 15:46

After a quiet start to the year, VIX is creeping up again. Currently around 16. But I think we already know that markets are starting to get a little tetchy again.

[base7] 04/4/2024 16:21

Plane-issued share currently just above 78m & by next Fri will be about 78m-ie reducing by 150-160k share per week based on current buy back.
To achieve a successful listing in the US we should be demonstrating substantial US growth & it will be interesting if we receive US revenue figures for the first time at the impending update .

[planelondon] 04/4/2024 12:06

US Dual Listing:

The Annual Report published on 2 April notes the London office of US law firm Latham & Watkins LLP as a new legal advisor. This would indicate to me that a US dual listing is well progressed and likely imminent. My guess would be sometime around September.

There is also the likely IPO in London or New York of e-toro later this year. They have indicated they are seeking a valuation above $3.5bn (twice Plus500’s current valuation). In some ways e-toro (Israeli FinTech established 2007) have a very similar profile to Plus500 but without the 10 years+ track record of significant profits and shareholder distributions of $2.1bn. If they get that IPO away at $3.5bn+, Plus500’s current valuation at $1.8bn looks extremely low.

[base7] 04/4/2024 12:05

Trading update due soon in respect of Q1 & it should continue the recent positive theme & it will be particularly interesting to see how we are progressing in Japan & the US

[whitelotus40] 07/3/2024 16:20

Isn't the concern that they are on the wrong side of this trade if all their clients are long bitcoin? we only make money if it goes down quickly like it has the previous rally's.

[base7] 06/3/2024 20:28

Google search confirms they do trade cryptos

[riverman77] 06/3/2024 19:40

Don't think they trade cryptos anymore.

[base7] 06/3/2024 19:01

Plus made exceptional profits during the last crypto boom & it will be interesting to see whether our revenues & profitability will similarly increase this time