Plus500 Share Discussion Threads

[aleman] 12/6/2023 08:15

Free cashflow consensus for this year is around £270m. Market cap ex-cash is down to around £470m now.

[blueclyde] 08/6/2023 17:48

I wonder what may happen to Odeys stake here?

[coxsmn] 30/5/2023 19:18

Very mispriced here

[base7] 30/5/2023 14:27

Odey increasing his holding should be a positive as he must have "the ear " of the ceo

[coxsmn] 26/5/2023 08:43

Shareholders will receive 30c per share regardless of the number of shares in issue

[oi_oi_savaloy] 26/5/2023 07:27

Am i right in saying that the dividend of (circa) 30cents that's paid in July but was announced in Feb was based on the number of shares on the register in feb? what happens to the dividends on those shares? The company simply doesn't have to pay out on them and thus keeps the cash..............Or is the total amount of dividend re-calculated based on the number of shares in circulation at the time of payment? (sorry, novice question but there aren't many shares I hold where there's such a pronounced buy-back scheme in place and such a difference between the number of shares when a divi has been announced and when it's actually paid).

[coxsmn] 26/5/2023 07:02

I'm looking forward to the inevitable rise

[sl71] 25/5/2023 16:05

Although not pleasant to watch our share price drop of 24% over last 6 months is not hugely out of line in comparison to competitors, with IGG -18% and CMCX -26% over same period.
Lets hope the q2 trading update early July provides some positive news.
At least its a good price for the buy back.

[blueclyde] 25/5/2023 13:51

44,000 shares a day and it is still falling!

[norfolk enchance] 25/5/2023 10:38

https://uk.finance.yahoo.com/news/ftse-250-dividend-stock-crashed-055528284.html

[bulltradept] 25/5/2023 09:41

Technically with the death cross well in the rear view mirror, it's going to be interesting to see why this is going down with such force.

[ultimate1] 25/5/2023 06:58

How we pine for the good old days of big dividends and not buying back the stock at 1900. A colossal mistake

[blueclyde] 24/5/2023 16:58

Who knows. Things have go so bad in the UK market that the likes of Centrica and L&G are in like a PE of 5. Most of the banks not much more. May be nothing sinister, who knows.

[oi_oi_savaloy] 24/5/2023 14:46

If past behaviour is anything to go by..........they wont be releasing an appeasing RNS. It'll be the shocker (news) if anything. But I might be wrong - perhaps they've turned a new leaf.............doubt it mind.

[whitelotus40] 24/5/2023 14:20

I agree it feels like it is regulation or litigation. I would be disappointed if they had exposed themselves to litigation. Their compliance costs/ director fees etc and the fuss they make over being responsible corporate citizens would make them very hypocritical and negligent if this was the case.
The selling has been brutal.
at what stage should the company make an announcement to appease our concerns that there is nothing sinister going on?
i can live with other investors having a different view re valuation but feels like someone is getting out at seemlnlgy any price ??

[salpara111] 24/5/2023 13:11

I've been watching this for a while looking for an entry point, I almost pushed the button at £15.
The stock is technically oversold but continues to drop despite the buybacks.
Reluctantly I have to agree with some of the posters that there is something going on in the background that is not public knowledge, if it is material and specific to Plus then they have a legal obligation to release an RNS which makes me wonder if it comes down to a nervousness that the sector as a whole is going to be subject to some negative regulation.

[beergut] 24/5/2023 12:11

Is there any litigation we don't know about?

[chucko1] 24/5/2023 12:07

What we need is some expert commentary!!

Not followed it in a while apart from buying a few. Still very much Hanbury's top pick, and also resides in Odey's own fund, even though he once much frowned upon it.

[oi_oi_savaloy] 24/5/2023 12:02

Someone knows something we don't. It's the only logical conclusion after all other avenues have been exhausted. imo.

[blueclyde] 24/5/2023 11:56

I do not know how this is possible when 40,000 shares are being bought back a day.

[aleman] 24/5/2023 09:55

Cash £800m and rising. Market cap £1297m. Bonkers.

[coxsmn] 18/5/2023 18:49

Added more.Cheap as chips

[groveman1] 18/5/2023 10:26

OK, gglpyr. Heads I win, tails you lose! ;-)

[ggplyr] 17/5/2023 19:26

Regarding being broadly neutral over time. One period of gains does not mean the next period will be equal and opposite losses. For example just because you've tossed a coin three times and it's been heads each times doesn't mean it's more likely to be tails the forth time, it's still equally likely.
If you disagree I'll happily play heads and tails against you for money :-)