Plus500 Share Discussion Threads

[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.

[blueclyde] 12/3/2023 13:58

With £10 a share of cash on the balance sheet I opened up my IG account to put on a little spreadbet to maybe capture a 100 point bounce. The spreads due to the interest rates for holding the position are huge. I can only imagine they are absolutely printing cash in this environment at Plus500 on this kind of interest financing.

[brucie5] 07/3/2023 13:24

In that case I hope they are considering some special dividends.

[coxsmn] 07/3/2023 13:17

The cash pile alone here will soon be worth as much as the overall market capital!

[planelondon] 07/3/2023 12:33

2023 consensus earnings updated this morning on investor relations web page to EPS $2.42. Add in $40m of interest earnings (which sit outside and is in addition to EBIT). 12% tax rate. 88m shares in issue at year end and you get net EPS of $3.16 (£2.64 at current exchange rate). Around 7x earnings at current share price.

Any thoughts Sailing John?

[norfolk enchance] 03/3/2023 10:25

Not sure what's going on with the trades, reems of 1's and 2's.

[kriptogirl] 01/3/2023 18:09

New coin faucet coming soon .
I will update you with details upon how to claim Plus coins .
Bear with me whilst this is set up .