Plus500 Share Discussion Threads

[hpcg] 07/12/2016 11:08

The irony "CF Odey Absolute Return Fund holds 12.12% (split between 2.02% in Ordinary Shares and 10.10% in CFDs). All other funds hold less than 3%.". Wonder if he got a margin call? He must be holding with multiple CFD providers as individually they won't take it to a notifiable position.

[lydnem] 07/12/2016 10:38

I cant see it. I think this will be a slow death.

[mister md] 07/12/2016 09:54

here comes the bounce ?

[dennislevine] 07/12/2016 09:41

Odey loading up with some more; certainly has conviction in this company

[opodio] 07/12/2016 07:24

POOR OLD ODEY THIS MUST HAVE MADE A DENT IN HIS FUND

[opodio] 07/12/2016 07:23

LUCKY THE DIRECTORS LOBBED ZILLIONS

[sux_2bu] 06/12/2016 18:14

Might some of these at 50p

[dennislevine] 06/12/2016 18:02

Best of luck, sold out a while back and see no reason to come back in.

Regulatory situation is so uncertain now that its not possible to make an investment decision based on any fundamentals - as such its purely a gamble at this point.

Founders have sold consistently since IPO and not that long ago at 650p; they are undoubtedly smart guys and have taken a backseat role as they took more money off the table.

[andrewbaker] 06/12/2016 17:36

In round numbers, Plus500's share price has halved in a couple of months. Plus500 themselves have said that the Cyprus action will not materially impact the business financially, and has now said that the FCA UK clampdown will materially affect their UK business, which is just 20% of group turnover. And the dividend is good and well covered, and they have lots of cash. So ... why the big drop? : Because of fear, and because the founders sold shares a while ago to raise money for their own personal spending. So, either sell out now because you don't know what's happening (does anyone, for sure?), or keep holding for a price recovery and because it's a good dividend stock. And maybe even buy more, when the price starts to tick back up again, as it will.

There are only three options: buy, hold or fold. And it's interesting to note that Plus500 are in the business of selling those three options to people who want quicker results as traders than the longer term returns of investors.

Time will tell, but for me; I'm ignoring the fear aspect and holding for the longer term. Nuff said.

[sailing john] 06/12/2016 16:45

At the close
PLUS -28%
CMCX -38%
IGG -38%
An exciting day!
Very unlikely to reinvest here as my model can only just cope with 1 curved ball/annum - not one per week!!!!
GL long or short

[larva] 06/12/2016 13:31

different kinds of thieves

[lydnem] 06/12/2016 13:28

These two have different models. Shouldnt be compared. Plus is a gambling company that needs its punters to lose, IG make a turn, and are happy when their investors make money

[rhatton] 06/12/2016 12:58

Plus500 fairing much better than IG.
IG valued too highly perhaps. Plus has always been rock bottom valuations

[bulltradept] 06/12/2016 11:12

Plus500, a leading online service provider for retail customers to trade CFDs internationally, notes the movement in its share price following the publication on 6 December 2016 by the Financial Conduct Authority ("FCA") of a note regarding enhancing the conduct of business regime. Industry participants have been requested to provide comments to the FCA's proposals by 7 March 2017.

The Company believes that the topics covered in the note will have a material operational and financial impact on the UK regulated subsidiary which represents approximately 20% of the Groups revenues.

A further announcement will be made in due course in conjunction with a year end trading update.

[dennislevine] 06/12/2016 10:16

IG has put out a response. Not much in it but seem to point finger at firms operating from outside the UK.

Looking at what FCA has put out today they seem more interested in outcomes though and the fact that vast majority of clients lose money - that seems to be the key point that concerns the FCA about the industry.

[lydnem] 06/12/2016 09:53

Totally agree hpcg

[hpcg] 06/12/2016 09:50

I was thinking there was good value in IGG at this point, but still too rich for me. I also have an ISA and a standard account with them as well as spread betting, so that business isn't going away. Their leverage on offer declines rapidly and they don't pay bonuses. They really aren't in the same business as PLUS and the retail FX providers. I've taken my profits on PLUS short so they have lost money there, except of course it would have been netted against an overwhelming long position. The FCA can't make rules to prevent people buying value traps.

[sailing john] 06/12/2016 09:49

FCA press release and consultation links for info

FCA Press Release -

FCA Consultation -