Plus500 Share Discussion Threads

[ceaserxzy] 17/8/2022 07:34

This is ridiculously undervalued. With an enterprise value less than £1b and half year net profit over £200 m, no debt and plenty of growth in markets and products. Topped up this morning.

[base7] 17/8/2022 07:20

Exciting growth potential from US,Japan & new share trading platform,which will help with customer loyalty & attract new clients to our core business

[coxsmn] 17/8/2022 06:06

Yes stellar results

[beergut] 17/8/2022 06:04

The results look fantastic to me

[base7] 16/8/2022 16:29

I suspect that will be on the agenda but perhaps following clear signs of strong growth in the US .Serious US interest would surely result in a re rating ,at very long last .

[planelondon] 16/8/2022 12:19

Base7, a dual listing in the US seems logical at some point. Not just from a shareholder’s view point but as a means of enhancing customer conversion rates as it adds trust during the customer recruitment process.

[base7] 16/8/2022 11:54

Exactly Plane !

[planelondon] 16/8/2022 11:43

Base7, www.tradesniper.com

[base7] 16/8/2022 11:38

There is substantial potential for our US acquisition to result in substantial organic growth based on our building US market share & should that be perceived to be the case our share price could continue its recent strength & ,at some point, US investors will develop an appetite for our dimishing free float ( based on the assumption that buy backs will continue)

[sophia1982] 16/8/2022 09:20

At the price of £17, market cap is $2bn.
Net cash is at least 950, EV = 1.05.
The worst result over the last few years was about 100 in 2004 and 2005, implying a P/E of 10 ex-cash.
When Plus500 does well, then the P/E is 3 or even 2. Perhaps 3 this year.
Even if this business is volatile, the stock is extremely undervalued and has been so for too long.
IMHO, I would not wait for the magical acquisition to appear, but I would make substantial distributions to shareholders, doubling or tripling the BB and dividends.

[arja] 14/8/2022 13:44

lovely looking chart showing steady short term uptrend but might be irrelavant if results are below expectations or only match expectations

[base7] 14/8/2022 09:27

Results this week & Outlook will hopefully confirm our recent firm share price & set the tone for further growth confirming that we still expect to be ahead of expectations for the year

[stuffee] 03/8/2022 12:28

Thanks pl. In fact I had already approached Rob G and received a sympathetic reply. I aslo sent several emails to ESOP and am glad to say they have now agreed to accept late applications. I have suggested their imposed 14 day time limit for applications is unreasonable and compares to 30 days in the past. I have also suggested PLus make announcement of the refund process with timetable, as done in previous years.

If anyone else hasn't yet applied for tax refund, I suggest skates applied pdq.

[planelondon] 01/8/2022 16:47

Stuffee, I was under the impression from previous dealings with ESOP there was a 30 day deadline after the payment date. I’ve certainly submitted later than 30 days and been successful. I submitted on 14 July for the recent dividend and ESOP have advise “We will let you know if anything else is required”

I would take the matter up with Rob Gurner, Head of Investor Relations, as Plus500 pay ESOP to provide this service to shareholders and frankly, 14 days is too tight a deadline given the arduous requirements.

[stuffee] 01/8/2022 16:12

I've just submitted my normal claim for the recovery of Israeli withholding tax on the divi paid on 11 July and have just been informed by ESOP that they can't process the claim as it wasn't submitted before their deadline of 25 July. I dont recall seeing any mention of this unreasonable dead line. EsOP suggested I appoint an alternative Israeli adviser to secure the claim.

Until now I have always managed to claim refunds through ESOP.

Anyone else have this problem? Any ideas re alternative Israeli adviser?

[barryharmer] 15/7/2022 10:45

I thought I posted DM me as the link got removed... but must of forgot to hit send.

[oi_oi_savaloy] 15/7/2022 08:04

Linky no worky Barryharmer

[ramellous] 15/7/2022 07:57

Still nowt off ii

[ceaserxzy] 14/7/2022 17:28

Anyone received the dividend yet? Still waiting with AJBell.

[jqb1] 14/7/2022 10:39

I'm with riverman77.

[oi_oi_savaloy] 14/7/2022 05:52

How would we all feel if the Japanese acquisition swallowed $500mill of the excess cash (or even more - say $750mill). Would that change your perception of the company?

Interested to read about the differing concerns you all have. I continue to be invested here - I think, for the moment, that the US side of things has massive growth prospects - it's an absolute sleeping giant and the residents there are already active participants in the stock market - I can well imagine alot of them are eager to be able to take advantage of what Plus will offer there.

I'm guessing the US clearing business is a slow but steady earner? Will give a consistent, underlying, income?

But the size of the US market is on a different scale. That alone, despite, perhaps the issues with churn of existing customers (and the cost to replace) means I'm in for the long haul here. Not so excited by Japan.....but it's not a country I'm familiar with in terms of the residents and their active participation in stock markets/investments etc. POssibly because when I think of Japan I think stagnation or deflation.

[simplethesis] 12/7/2022 15:44

Jqb1 - what do you mean?

[jqb1] 12/7/2022 15:34

Keeping a very close eye on this business. Great opportunity coming soon.