Plus500 Share Discussion Threads

[coxsmn] 21/4/2023 08:08

Added.The reason is the shares are too cheap.

[thorpematt] 20/4/2023 06:50

That's an understatement.

[oi_oi_savaloy] 20/4/2023 06:15

No debt either.......

[coxsmn] 19/4/2023 19:59

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 14:34

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 13:50

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 10:02

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 09:59

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 09:54

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 09:42

+ $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 09:23

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 09:16

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 08:44

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 08:40

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

[jimbo123elf] 19/4/2023 08:22

If you compare Q123 to Q122 everything is down YOY.

[aleman] 19/4/2023 08:06

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

[thorpematt] 19/4/2023 07:56

buying opportunity thing

[ramellous] 19/4/2023 07:56

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

[pck76] 19/4/2023 07:18

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 07:06

Yes excellent

[boonboon] 19/4/2023 07:05

Great update.

[steelwatch] 01/4/2023 14:01

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 17:27

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 17:19

When is the TU?
Nothing on website.
CD

[sailing john] 27/3/2023 15:51

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