Plus500 Share Discussion Threads

[chucko1] 14/2/2024 12:53

Not been looking at this for a while - though I have a few as ever - but I note the TR1 from Lancaster. This appears to be Hanbury repurchasing ALL of the previous holding in his main fund. The 9.6% fund holding is identical to the 3.04mn shares just announced.

In that context, the rise from £14 to £18.50 is unsurprising (as was the fall previously).

[nickwild] 14/2/2024 09:59

From past dates looks like
divi declaration date Tues 20th Feb
ex dividend date Thurs 29th

[ddubzy] 06/2/2024 08:32

What's all the reported zero trades about?

[beergut] 30/1/2024 07:43

Could the move to a US listing given the low valuations in London

[base7] 30/1/2024 00:14

Up to now trading updates/outlook statements have referred to growing traction in the US without including numbers,presumably as they have,so far ,been immaterial-hopefully that will change with Finals & FY 24 outlook statement -demonstrating that Plus remains a growth stock,unusually with a terrific yield & ,by now probably over $1bill in cash .

[loglorry1] 29/1/2024 13:48

A cynic (not me obviously) could argue that plus markets accounts in different countries could be used to move money around between countries quite effectively for notorious reasons. I will allow the reader to work out how ;-)

Are US commodity futures really that inefficient? I'd be quite surprised.

[magicformulainvestor1] 29/1/2024 13:44

Was quite short, said that they went for the commodity futures market in the US because it is the most inefficient one currently; the US operation is likely now contributing 30-50m annualised, and aiming for 250m revenue in 2026 (this doesn’t seem incorporated in forecasts atm imo); and management are apparently quite excited about the UAE - lots of high net worth clients there.

[whitelotus40] 29/1/2024 13:27

have you anymore detail around this re Jeffries comments?

[magicformulainvestor1] 29/1/2024 10:09

Not sure if anyone’s seen, but the Jefferies research note after the sell-side analyst breakfast was very positive about the US and UAE expansion.

[tomv33] 14/1/2024 11:38

Scsw has added this as a 2024 NAP

[rachael777] 10/1/2024 13:44

Is it safe to presume the buy back has finished for the time being (or at least while the share price remains above 1734p) ?

[riskvsreward] 09/1/2024 11:32

The management has done a number of things well with the cash. Creating growing business in the right markets with good prospect of significant growth and profit like USA, Japan and UAE. Large buyback from Odey (by good luck rather than by plan), and continuous market buyback at good price over the years. All these will contribute to good earnings growth in the years to come. One of my core holdings at least for the next few years as long as the business and earnings continue to grow.

[irishmatt] 08/1/2024 09:26

Nice problem to have though!!

[aleman] 08/1/2024 09:07

Consensus here is earnings of 278 cents and dividend of 69 cents. The company is already awash with cash. What is it going to do with it all? Slightly higher regular dividend, more buy-backs and a special dividend, perhaps?

[thorpematt] 08/1/2024 08:44

Trading of a PER of about 8

Of course it has a lot of cash t so EV to PBT ratio is a lot lower than 8 - probably about half.

This stock has virtually zero cap-ex and its cash conversion is almost 100%

For most stocks EBITDA has a lot of I and a lot of D.

PLUS pays it tax and with acquistions sees some Amortisation but for the last 10 years no exceptionals are reported.

[grahamg8] 08/1/2024 07:40

PLUS updates are usually understated. This one sounds very like 'two fingers' to you doubters.

[base7] 08/1/2024 07:23

Substantially ahead is always good-very encouraging & while Directors are adding value for all shareholders they thoroughly deserve their share awards

[boonboon] 08/1/2024 07:13

Good update.

[whitelotus40] 05/1/2024 11:37

yes usually in 2nd or 3rd week of Jan

[magicformulainvestor1] 03/1/2024 12:36

Post close trading update next Monday. Anyone know if this is usual behaviour?

[base7] 29/12/2023 18:03

String end of year & delayed reaction to RNS earlier this month referring to our US expansion -which will hopefully be vindicated by the trading update due early next month .

[thorpematt] 13/12/2023 09:13

Yep, moves in mysterious ways this stock, but stil great value IMO

[scepticalinvestor] 11/12/2023 12:49

Lovely trend now - up over 20% since my buys at just below 1300

[base7] 05/12/2023 08:34

Yesterday's RNS has been overlooked by The Market.Becoming a member of the FIA is a positive for our potential US growth,which,according to our CEO is compelling & we are already a leading service provider there.Perhaps our next update will put numbers to our US revenues?

[seadog40] 13/11/2023 18:01

47.70 ps via A J Bell.