||ORD ILS0.01 (DI)
||EPS - Basic
||Market Cap (m)
|Software & Computer Services
Plus500 Share Discussion Threads
Showing 11301 to 11325 of 11325 messages
|Added again - IGG customer growth and Revenue strong - BUT costs up
Outlook obviously key and I don't perceive that things as gloomy as MR M predicts
PLUS advantage is simple - they are half the price!
GL - SJ|
|the two are not comparable
IG is the rolls royce and works on a different model|
|IGG results are strong, PLUS should advance strongly on the back of this I believe|
|Not surprised at Odey's short - moves a small percentage of their investment to a bet on the PE anomaly between the big 3 (in the UK)
PLUS trades at a PE roughly half that of IGG and CMCX both before and after the recent Regulatory shock - and over correction imo. They all moved by exactly the same percentage! so maintaining the PE differential - see chart below
I think they will all move up a little tomorrow on IGG 1H which are in line and I expect an outlook comfort statement that will calm nerves. Hopefully PLUS will close the PE gap a little post their FY next month which again should be in line but with an outlook perhaps a little less positive than IGG but more than priced in on the basis of the 2:1 PE differential. (I suppose I should say that positive means positive relative to current market view not to position pre Reg changes)
I added a few more on the sub 400 dipette last Friday. Currently my largest position (other than cash! at 50%+ having recently received take out payments for my two largest positions AVS and LSIC - and with LVD soon to come but still in play!)|
|Yes, they get everything wrong! Its a buy signal for IG!|
|Apologies if old news - browsing shorttracker I see that our key shareholder Odey Asset Management LLP also have a 1.2% short on IG Group which they started to build in November. Presumably that is some hedging of the CFD industry as a whole. Interesting though.|
|Good to see early results this year (7th Feb) - previous years 17th-25th Feb|
|Annybody know why plus keeps opening +3/4% then falling straight down afterwards?|
|thanks for your thoughts SJ|
|Re Plus's PE is modest you are correct especially vs peers and that's the whole point. It is currently on a historic PE of about 6 vs roughly double that for IGG and CMCX. Whilst some may argue that IGG have advantages - personally I think PLUS has some advantages over IGG who have been slow to react to tech changes and the need to cap potential losses for retail customers.
Going forwards on a level playing field for the Regulated players PLUS should be able to compete well and has a good global presence and so can concentrate marketing spend where opportunities greatest. There will always be unregulated players and so the Regulators will be key to keeping their market share minimal vs the larger Regulated participants.
I'm not wedded to PLUS and happy to trade in and out depending on how things play out. That said I think fair value based on my cautious Rev forecast for 2017 is 530 but I'm expecting this to increase (perhaps as high as 700) as the year progresses and I am able to update my model with less cautious forecasts.
|Well done! I caught a falling knife at 510, (day before FCA announcement..) but increased at the mid 300s. I'm anticipating a watered down FCA ruling, and even at 700 Plus's P/E was modest, so I just can't understand such a low valuation.
Time will tell..|
|Lampran - because I'm cautious! and my forecast represents what I think is the worst case scenario. - but still undervalued even if they only do $250m. I will update my model as the year progresses.
I have assumed Regulatory action in Europe will have some effect - though might be minimal or zero for Plus but we don't know so I forecast at the bottom end!
btw - I now have a bigger position than previously (in shares but not value yet!)
I have traded in and out several times since they floated and fortunately avoided the two big shocks!
|In the RNS response to the FCA on the 6 December Plus said "A further announcement will be made in due course in conjunction with a year end trading update." Any info would be helpful.|
|Unlikely - they are pretty quick with FY results - mid to late Feb in past years.
I have a pretty robust and well tested model for PLUS and based on 1H actual and Q3 TS and low volatility for Q4 I have the following numbers.
Also my best guess for 2017 but obviously it is at present no more than a personal estimate
PLUS Model SJ
$m 2016 2017
Rev 306 250
PAT 92 74
PE 6.1 7.6 (at 400p)
Yield 9.8% 7.9% (at 400p)
|Anybody know if there will be a trading update anytime soon?|
|Back in this week - 400/401 several trades as volume not generally available
December volatility low so I have reduced my model 2016 FY turnover by $5m
But becoming clearer that Regulators concerned about retail customers incurring significant losses above their account deposits. Less concerned where stops guaranteed and accounts can't go negative
See IG statement this week (Note IG recently copied PLUS in this respect!)
Volatility in 2017 could be interesting with Trump at the helm!
GL - SJ|
|Odey has just over 23% at the moment, and Morgan Stanley have greatly reduced their holding. I think as PLUS moves up off the recent dip an institution is adding here. Expect RNS soon.|
|Does he care that much. He has made his money, pretty sire he wont be putting it back in!|
|Odey isn't having much fun atm. Whilst I have a position in Plus, I have to say it makes me smile slightly that Odey isn't having fun considering how arrogant he was after "calling" brexit and making £200m on it..
“This is a good day for me. I was brave. I had a lot of clients who were angry with me but they won’t be quite so angry this morning. Life is not about being un-brave at the right time. We in the City have certain skills.”
Lol, bet he's not adopting such a tone these days|
|For those taking solace in the Odey holding....they dont always get it right.
from today's Times:
'Crispin Odey has begun to shed staff after the billionaire hedge fund manager’s investments suffered the worst year in his firm’s history, losing nearly half their value as bets on a market collapse failed to come good. He said that Odey Asset Management had made redundancies after a torrid 12 months in which its main investment fund fell by 49.5 per cent.'|
|Don't think there will be any further divis till May.
Historically Plus has tended to pay an interim divi in Oct/ Nov and a final with a possible special in May. It paid its last interim on 17 Nov 2016. In late 2015/ early 2016 its sequence was somewhat out of phase due to its regulatory issues and it deferred its interim till Feb 2016.|
|Can't find any details on the January/February dividend.
Perhaps there won't be one this year & we have to wait till March.
Any views please?|
The Group has historically paid significant dividends to its shareholders and currently intends to continue to pay dividends both to provide Shareholders with a cash return on their investment and to act as a financial discipline for the Company. The Company intends to pay not less than 60 percent of retained profits in each financial year out as dividends to Shareholders. Dividends are declared following half-year and full-year results.
For the 2015 divi details see.
total of US$0.8405 or 68p at current exchange rate.
Total dividend represents a pay-out of 100% of net profit for the year ended 31 December 2015
Profit for the 9 months to September 2016 looks to be about the same as the 9 months to September 2015 but DYOR via
If for example the total divi for the year ending Dec 2016 is 60p that would give a %yield of 15% at today's price. BUT DYOR
I have not looked at this for a year or so - THOSE MORE UP TO DATE PLEASE CONTRIBUTE....
What is the withholding tax situation now?|
|Can someone remind me what their dividend policy is and an forecast for the march 16 % please|
|should pass £4 this week...|