Plus500 Share Discussion Threads

[whitelotus40] 03/5/2023 10:12

not sure where people are getting £500 or £600m for the value of this company?
16.11 X 95m shares ( 91m plus 4.5m being issued to execs as agm) equals £ 1.53bn less cash of 950 usd divided by 1.25 equals 760 therefore

EV ~1.53bn- 760m = 770m gbp or 960 USD
is this correct??

[aleman] 03/5/2023 07:59

Those buy-backs are having more effect than I had realised in my previous post. There are less than 91m shares outstanding now so market cap ex-cash is lower than I thought at a little under £500m. That's a crazy price. 2/3rds of the market cap is cash.

[oi_oi_savaloy] 03/5/2023 07:45

It's bang out of order..........they effectively used part of the buybacks to line their own director's pockets. it's not right and it's this sort of behaviour that holds PLUS back.

[whitelotus40] 03/5/2023 07:24

Does this happen every year? when was last time this happened and how many shares were allocated? to give away nearly 80m of value does seem extreme!! what % of votes against do they need to stop a resolution ? thank you -)

[aleman] 02/5/2023 15:18

The company's is now valued at not much more than £600m net of cash.

[planelondon] 02/5/2023 15:16

Shareholders not happy about the remuneration report and allotment of treasury shares to the Executive. Rightly so in my view. Shareholders now voting with their feet. Executive remuneration should be paid from the P&L before tax and not coming out of shareholder returns post tax. Especially, given the size of these share bonuses which was equivalent to 0.50% of the market cap in the last round of share payouts in January. This needs to stop.

[coxsmn] 21/4/2023 07:08

Added.The reason is the shares are too cheap.

[thorpematt] 20/4/2023 05:50

That's an understatement.

[oi_oi_savaloy] 20/4/2023 05:15

No debt either.......

[coxsmn] 19/4/2023 18:59

Liberum issued a buy rating with a 3,100p.https://www.proactiveinvestors.co.uk/companies/news/1012622/plus500-s-stellar-first-quarter-adds-to-market-confidence-1012622.html

[km18] 19/4/2023 13:34

PLUS issued Q1 2023 trading update. The Group delivered another outstanding operational and financial performance. The group revenue increased by 64% to £207.9 million (Q4 22: 126.7m). The EBITDA increased by 116% £100.9m (Q4 22: 46.7m). In line with the good results, the share price opened positively by 1.07 % and reported strong operational and financial performance driven by investments in product innovation, with key metrics ahead of Q4 2022. The company made progress in its strategic roadmap, including product diversification through the launch of 'Plus500 Futures' for the US futures retail trading market. Plus500 also obtained a new license in the UAE market, expanding its geographic footprint. The company's board is confident about its prospects and expects performance for FY 2023 to meet current market expectations.... from WealthOracle

[base7] 19/4/2023 12:50

I had the same thoughts re CMCX as it would give Cruddas an exit which may appeal with view to his age & there could be substantial synergies

[arja] 19/4/2023 09:02

chartwise PLUS is in a sideways pattern as it consolidates after the steep fall . hard to know if it will eventually move southwards as seems to have gone below the medium term uptrend . Today is a sea of red in markets so far and might be why PLUD could not hold early rise .

[aleman] 19/4/2023 08:59

Has anybody wondered if PLUS could make Peter Cruddas an offer for CMCX that he can't refuse. I would imagine he would be better off as a small holder of a combined CMCX/PLUS than a large holder of just CMCX on its own - in which case a share offer with option for cash would do the job nicely. Current CMCX market cap is about £500m. A bid might cost 50%+ more but much less if a mixed offer proves attractive and it would come with about £180m cash. I think many could be persuaded to take mostly shares when duplicated cost elimination and removal of a competitor was considered, boosting a combined groups prospects. There would be only Cruddas (59% holder) to convince but he might simply not be interested. I thought their recent Q1 was a bit disappointing which might make him more likely to consider approaches?

[stevenlondon3] 19/4/2023 08:54

2021 2022 2023
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
Revenue 203.2 143 211.4 161.1 270.9 240.5 194.5 126.7 207.9
New 89406 47574 26169 33187 33740 23535 23747 25527 28201
Active 269743 209465 166310 171922 176642 145506 134657 130865 137053
ARPU 753 683 1271 937 1534 1653 1445 968 1517
AUAC 474 903 1416 1502 1416 1478 1598 1462 1381
Old 180337 161891 140141 138735 142902 121971 110910 105338 108852

[base7] 19/4/2023 08:42

+ $50mill on share buy backs in Q1.
US figures aren’t yet material but if we can take a decent % if that market our revenues profitability & cash flows will improve further & we continue reducing our issued share Capital while having substantial cash balances to fund acquisitions & growth in new business areas

[aleman] 19/4/2023 08:23

Consensus forecast is EBITDA of $267 for FY2023 and they've just done $101m in Q1. Also, the cash balance increased by $20m even though $60m was transferred to us with the ex-dividend in February.

[planelondon] 19/4/2023 08:16

jimbo123elf, q1 2022 was an exceptional quarter and recognised as such - a significant land war kicked off in Europe for the first time in 77 years.

[jimbo123elf] 19/4/2023 07:44

Revenue 207.9m vs 270.9m. EBITDA 100.9 vs 161.6m. EBITDA Margin 49% vs 60%. New Customers 28,201 vs 33,740. Active Customers 137,053 vs 176,642. ARPU $1,517 vs $1,534.

[beergut] 19/4/2023 07:40

Jumbo Could you post those figures I can't see them Thx

[jimbo123elf] 19/4/2023 07:22

If you compare Q123 to Q122 everything is down YOY.

[aleman] 19/4/2023 07:06

Good trading and cash balance over 56% of market cap.

[thorpematt] 19/4/2023 06:56

buying opportunity thing

[ramellous] 19/4/2023 06:56

Reversing the dividend reductions of the last couple of years would be preferable.