Thanks Savaloy. It indicates how cash generative this company is. |
Well my buy was well timed for once. Now up 8%. |
The Odey purchase was Q2, I believe. The purchase was reported in June. I presume settlement was also June but it's conceivable it might have been later? |
From the rns this morning; 'The Group remained debt-free and maintained strong financial position during the period, with cash balances above $875m as of 30 September 2023 (30 June 2023: $849.0m). A strong balance sheet, with no debt, is a key differentiator for Plus500 which enables it to invest in its long-term strategic objectives.'
Near the bottom of the release, just above the tables of KPI's. |
Do they still have £715 m cash? Have they not spent some to buy back Odey’s 10% shares? |
As well as the interest on customer deposits they will also presumably getting interest on their £715m cash balance - that would be around £35m at 5%. |
Solid results & interest received currently relates to around 75p per share-so if all distributed as windfall to shareholders our yield would almost double .Us & Japanese businesses gaining traction & increased volatility since 7/10 should result in a strong final quarter . |
So the latest cash balance shows a modest rise to around £715m after spending about £24m on buy-backs in Q3. Compare that to a market cap around £1.1bn at £14. |
Interest received is now becoming material. |
Q4 should have got off to a good start if VIX is anything to go by. It's been moderately elevated after a quiet summer. I don't think any investor would suggest the last few weeks have been smooth sailing for markets. |
Good results |
Bought back in today in the 1290s. Lets see what tmrw brings. Good luck! |
Weird, more 0 trsdes |
What was the vix at when this was above 20 GBP? Pretty much the same i imagine |
I expect the results will be decent - also more payouts hopefully |
VIX highest for 7 months. |
I never imagined i wld be stopped out, never dreamed we would get to these levels but it is what it is I guess - everyone needs their own risk strategyI am watching carefully and will def be buying back in soon i think fwiw |
Some people have a nerve stating others comments are tiring. Use the filter button. Or, better still, pay for advfn then you can genuinely complain. |
Imagine where this would be without the £500k daily buybacks. . . |
Plus treading water currently |
Too much selling - Im afraid is likely to be red again today ladies. Given precedent, I expect another c. 10% drop from these levels before the TU next week |
Yes but it doesnt mean i am not watching this, plankThis will be over 20GBP in a year imoJust waiting to bottom feed |
skeptical investor i thought you had sold?
your comments are becoming tiring. go and concentrate on your new holdings! |
Almost down to the march 22 lows - crazy |
Surely Geo Political though, nothing wring with the business.. |
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