Plus500 Share Discussion Threads

[tomv33] 20/2/2024 13:16

Lack of buyers I guess

[valueman94] 20/2/2024 12:17

Adjusted for: inflation, interest income and customer trading income (all of which you should exclude as the business is about people trading). This is the worst year on record for profit. 2018 earnings were higher (adjusted) even though the new regulations came out. No new financial information about the acquisitions.

[beergut] 20/2/2024 12:02

Can anyone tell me what was wrong with these results that a drop of 80p 4.5% is merited

[stevenlondon3] 20/2/2024 09:58

Plus 500 is a changing animal moving into the competitive US market and B2B. I also think the company has not provided quarterly statistics that it has done in the past. So from my point of view the black box syndrome has increased. I remain a happy shareholder but would be wary of my holding becoming more significant.

[aleman] 20/2/2024 09:48

seadog - including the specials, the interim was 73.44c and final 94.62c, making 168.06c in total. 105.78c was paid in calendar 2023 - Feb and last Aug, finals and interim. I'm quoting last Aug and today's yet to be paid, interim and final, for the last financial year. It is a little odd the way they described it in the results.

[nfs] 20/2/2024 09:43

Presumably if share buy backs are effected before the dividend distribution, then the dividend per share goes up? Hence they state the gross amounts I presume

[seadog40] 20/2/2024 09:19

Actually, that's not right either! The paragraph on shareholder returns is a little ambiguous.

[seadog40] 20/2/2024 09:15

Not sure that's right. Divi declared now = 94.62c. FY = $1.05
Still a great performance.
Woof

[aleman] 20/2/2024 08:54

Consensus dividend was 75 cents. Actual dividend, in what as supposed to be a weaker year, 168 cents. If only all stocks were like this.

[base7] 20/2/2024 08:36

Amazing performance since IPO & incredible shareholder returns over a relatively short period.Still viewed by some with suspicion & perhaps continued success in the US will result in a further re rate prior to a Nasdaq listing,which must be under consideration to increase our profile further in the US

[boonboon] 20/2/2024 08:08

Great results today.

[chucko1] 14/2/2024 15:30

I think you are correct and the total fund size (inter alia) was misreported on another platform (a new platform to me).

Well, despite a few headwinds, it's good to see he believes as much as ever. As the quality of earnings increases, this becomes an even more compelling long term hold. I am assuming there are no significant regulatory bumps I have lost sight of.

[planelondon] 14/2/2024 15:05

Chucko1, for what it’s worth, I don’t see the Lancaster/Hanbury activity as being the main driver behind the recent share price movement.

The TR1 notification was the result of a small increase in the % share holding from 4.99% to 5.09%. A 0.10% increase likely the result of the ongoing buyback but triggering a TR1 as it crossed the 5% reporting threshold.

Lancaster may have purchased near to its single holding limit of 10% but by no means has it repurchased ALL the shares it sold during the period of difficulty. Previously, its share holdings were c.10m+. This would indicate to me that if the holding is currently 9.6% of the fund, the fund is c.60% smaller than it was previously and is holding 6-7 million fewer shares than before.

The three listed providers all witnessed near multi year lows in October, as did the FTSE250. Better markets and strong financial performance by the company, I think are the driving factors behind the share price movement.

[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.