Plus500 Share Discussion Threads

[coxsmn] 12/5/2023 06:07

Buy backs are getting cheaper

[oi_oi_savaloy] 11/5/2023 17:48

Got a really bad feeling about this.

[blueclyde] 11/5/2023 17:04

Sell off is even more incredible when you see they bought 40,000 shares alone in the buy back yesterday. Where is the sell volume coming from.

[blueclyde] 10/5/2023 14:48

Just took another big leg lower. Someone dumping at any price? Was going to say lack of liquidity but if that were the case the 35k a share a day buy back would push it higher?

[aleman] 10/5/2023 13:39

Cable could be a factor but it's overreacting to it if so.


free stock charts from uk.advfn.com

[blueclyde] 10/5/2023 13:33

I am just hoping it is just a case of the UK market in general. Look at a chart of L&G. One of the cheapest and solid companies going and they absolutely trashed it the last couple of weeks over ex date.

[oi_oi_savaloy] 10/5/2023 13:17

Do you know what? we saw this happen last time the share price got to £20. Literally collapsed like this as it seemed to be breaking out (for want of a better description). I realise that the business is different now (far more robust and a bit more visible/clear in it's communication) but there are still question marks about the management's communications (they have a nasty habit of springing surprises).........are they buying another company and literally using all that money to do so (no debt currently)?

[blueclyde] 10/5/2023 12:08

I am watching for an entry but do not like the way it seems to be aggressively spiking down despite the buy back. Hopefully it is just yet another one Camille of the illiquid Brexit Britain market that getting hammered into the ground.

[coxsmn] 10/5/2023 11:29

Added more.Nice profit to be made here.

[aleman] 10/5/2023 11:09

Valuation now only £600m ex £800m cash. Another round of selling seemed to kick in when the 50-day fell through the 200-day so it could be algos and momentum trading that will keep selling until enough buyers appear to turn the averages back up again. Seems strange though, given how cheap it is. Makes one wonder if news is coming. To ingore all that cash makes me wonder if it is about to get spent on something. At least the buy-backs should be more earnings enhancing now.

[blueclyde] 10/5/2023 10:53

Anyone got any ideas why this is collapsing despite one of the biggest buy backs going on the markets?

[base7] 09/5/2023 13:32

Also good points Plane & after substantial buy backs, dividends & investment in marketing & promotion-we still have a growing cash pile which,by now should be close to $1bill,on which we should be receiving a decent return by way of interest.The issues holding back the share price of many companies are just not relevant to Plus & as long as our trading performance remains strong, our share price should respond accordingly.

[planelondon] 09/5/2023 10:05

Whilst the current multiple and valuation might be disappointing, it’s worth remembering as The Times article points out this stock “is the best performing stock on the FTSE All-Share Index, including shareholder returns, since its listing a decade ago.”

The business operates on a ‘peaks and troughs’ basis. Each higher than the last as surges in new customers flow through the system.

Many consider this to be a trading stock but in reality the opposite is true. It’s a long term buy and hold with dividends reinvested to maximise from the benefit of the peaks and troughs the underlying business operations generate that replicate customer flow.

[base7] 09/5/2023 08:25

Good point Ale-we dont need cash & the only reasons for a US float would be to increase our PR in the US & achieve a higher value.
Either way I have been here since a few weeks after the IPO & view my holding as a core investment

[sailing john] 09/5/2023 07:32

Back in with a smallish position (for me) 4k at 1567ish. No problem buying large trades so presumably seller has made volume available.
GL SJ

[aleman] 09/5/2023 07:15

Would they wait for traction? Wouldn't a US listing be a form of targetted advertising that would precede the traction?

[oi_oi_savaloy] 09/5/2023 07:06

Completely agree - the US arm could potentially dwarf the rest of the business.

[base7] 09/5/2023 06:45

My view is that they are likely to consider a US float once they can demonstrate traction in our US business & proof of growth & a material US contribution to revenues & EBIT

[aleman] 08/5/2023 09:09

Reported elsewhere as a rumour but no comment from the company.

[sl71] 07/5/2023 18:01

interesting article in todays sunday times ‘plus 500 eyes US listing just as city plans shake up of float rules’

[coxsmn] 06/5/2023 09:02

Current market capital minus cash is less than 3 years net income.

Excellent value.

[coxsmn] 04/5/2023 15:20

Now 1.44bn - 0.76bn cash.

680M capitalisation

Silly season is here.

[base7] 03/5/2023 13:51

It will be interesting to see how our figures look once our US & Japanese divisions starts generating a material contribution to revenues,profitability & cash flow.
The brief update also referred to making acquisitions which may well boster our presence in those 2 markets apart from others.
I agree that the Board have been very generously rewarded but if our trading performance continues to be strong & our share price re rates I wont begrudge them their very decent rewards

[aleman] 03/5/2023 10:36

sorry, I forgot about the $ accounts adjustment this time. Cash around $1bn now is £800m. Market cap at 1610p on 90.7m shares was £1460m so £660m net of cash. It's still oddly low.

[coxsmn] 03/5/2023 10:31

Looks correct.Conclusion the business is way undervalued.