Plus500 Share Discussion Threads

[pck76] 19/4/2023 06:18

Another great update. Don't understand why the share price seems stuck at around 1800 despite the continuous flow of good news! Hopefully it's just a temporary thing! ??

[coxsmn] 19/4/2023 06:06

Yes excellent

[boonboon] 19/4/2023 06:05

Great update.

[steelwatch] 01/4/2023 13:01

Kriptogirl - do you represent advfn? If so, when will this faucet you speak of become available and how do we find it please?

[oi_oi_savaloy] 27/3/2023 16:27

CMC have just sent this RNS out (mid-afternoon RNS - when does that ever happen? CMC, not that I'm familiar with them and their way of working, feels a bit like Plus were 4 or 5 yrs ago - apt to drop news bombs out of nowhere (and thus the nasty reaction seen in the share price);

FY 2023 Trading Update

CMC Markets Plc ("CMC" or the "Group"), a leading global provider of online retail ("D2C") and institutional ("B2B") platform technology, today issues a trading update for FY 2023.



Trading Update

FY 2023 net operating income is expected to be between £280-290 million. February and March posed a more challenging environment with lower equity volumes and a higher proportion of lower margin institutional trading activity.

Management expectations for FY 2023 operating costs excluding variable remuneration are expected to be in the range of £215-220 million.

Development upgrades across both its investing and trading platforms continue and the expansion in the institutional business remains on track. CMC's diversification strategy in its investment business advances with CMC UK Invest expanding its offering and with the recent award of its regulatory licence, CMC Singapore Invest is due to go live over coming months.

These strategic objectives underpin the expected 30% growth in net operating income based on the 2022 results over the next three years.

CMC will announce its FY 2023 results on Tuesday 13th June 2023.

I'm only pasting it in here......as perhaps the trend is the same for Plus? ......But wouldn't Plus give us a heads up if things weren't going to plan (bearing in mid they recently reiterated their numbers)?

[seadog40] 27/3/2023 16:19

When is the TU?
Nothing on website.
CD

[sailing john] 27/3/2023 14:51

Decided to exit my relatively small position this morning at 1792
A little nervous about Q1 as the Cust P&L is just a guess and I always model at zero
My model is giving the same numbers as the analyst consensus for pretty much the first time and whilst with a cash pile at roughly 50% of market cap and the massive buy backs which should be driving the price up the trend is down currently and I don't argue with Mr M

I'll revue post Q1 TS - It's pretty easy to get in and out even with volume.

Edit - I have a slight concern about the high retail cust loss % at 84% - which appears higher than a few years back and higher than IGG and CMCX both at 76% and City Index 73%. Whilst the number is reflective of the windfall profits PLUS has had recently from Cust Inc it won't help with new customer acquisition when it's the first thing they see when comparing CFD providers.

GL - SJ

[base7] 23/3/2023 17:09

Q1 trading update due early next month will hopefully confirm that recent volatility has resulted in revenues/profits/cashflows as expected with more to come & ,hopefully, our US business is gaining momentum there

[aleman] 23/3/2023 08:18

Results look good but I can find no reference to recent trading, which I imagine would be pretty busy.

[sailing john] 20/3/2023 09:56

Back in with a tiny (for me) position at 1655. Will wait for Q1 TS to decide future strategy.
GL SJ

[base7] 15/3/2023 19:05

First quarter trading update due early next month should clarify how we have performed over the recent volatility .
If we keep buying back shares at the current rate we will all have disclosable stakes !

[aleman] 15/3/2023 10:06

VIX rising again. It went over 30 on Monday, which I think was a 4-month high? Market volatility looks more broad based this week, too. Is there anything not seeing sharper moves this week? Business should be good. I could see it taking cash over 60% of the current share price. Buy-backs should be going that little bit further after recent weakness, too.

[seadog40] 15/3/2023 09:21

You may be right about the Gambling Commission.
However, something seems to be holding the price down; increased market volatility, buybacks now running at 100,000 plus a day, institutional holding increase and still it fails to go back to 1900.
CD

[aleman] 15/3/2023 08:55

PLUS is regulated by the FCA, not the Gambling Commission. Different laws and regulations I think. I'm not certain there is no overlap, though.

[bulltradept] 15/3/2023 07:46

Trading though, not gambling.

[seadog40] 14/3/2023 16:42

What about up coming gambling bill?
CD

[bulltradept] 14/3/2023 09:50

Im still thinking PLUS does have some SVB exposure? I think they should have come out either way just to put minds at rest given how many companies fessed up yesterday..

[aleman] 14/3/2023 09:27

It seems strange that CMCX, PLUS and IGG are all falling. CMCX said January trading started strongly and March must be doing very well in light of recent events. One would imagine they are all going to produce good Q1 numbers. I can't imagine anything but good numbers in the trading update in about a month. The cash balance might have broken £1bn versus the current market cap of £1.7bn. The share price is starting to look oddly low.

[blueclyde] 13/3/2023 12:15

Trading volumes will be going through the roof. Also if they keep the buy back at 50,000 shares a day now it will move the next EPS big too.

[oi_oi_savaloy] 13/3/2023 12:06

And I'm sure that their main holding will be in an Israeli bank tbh. I'm confident that the convulsions that svb/signature/first republic crashes have generated across global markets/indices will have seen a surge in Plus revenue too.

[pyemckay] 13/3/2023 11:43

2021 report says they have no more than 2% in any one bank except for a 20% holding in their main bank which isn't named unfortunately.

[aleman] 13/3/2023 11:41

Unlikely to be a significant issue with operations in over 50 countries. They probably have dozens of bank accounts in multiple currencies.

[bulltradept] 13/3/2023 11:04

Does PLUS have exposure to SVB I wonder?

[blueclyde] 13/3/2023 10:53

Interesting on this dip the are buying back share's aggressively. Was 15k a week or so ago up to 50k now.