New highs everyday Must be heading for a US listing |
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. |
Solid update ,increased expectations for FY24 -resulting in expectation of increased dividends & continued buy backs |
VIX still climbing as one might expect. Nearly up to 20 now - a 6 month high. |
key phrase....
Reflecting this progress, the Board expects that the FY 2024 results will be ahead of current market expectations. |
Of course, it's dollars but nonetheless what a cushion for future expansion..apologies |
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. |
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 |
Any views on this morning results |
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! |
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. |
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. |
This is at an all time high now I think. |
Great to see £20 broken -will it hold this week with view to geo political events in Mid East ? |
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. |
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 :) |
Q1 trading update due early next month-hopefully gaining traction in US Markets |
When are we expecting a trading updateThe stock is looking a little perky |
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. |
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 . |
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. |
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 |
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. |
Google search confirms they do trade cryptos |
Don't think they trade cryptos anymore. |
Register for streaming realtime charts, analysis tools, and prices.
Hot Features
Premium
