Plus500 Share Discussion Threads

[billy_liar] 08/10/2015 07:40

If indeed there were problems with the deal,which there isn't necessarily, I'm sure the FCA might be most interested in who was dumping/shorting shares over the last day or two, since it would be clear they had been acting on insider information.

[elcapital] 08/10/2015 06:53

exactly CC

[cc2014] 07/10/2015 23:03

So unless someone is getting a very large margin call as they are on the wrong side of an oil or commodity trade the price action is telling you something.

[exbroker] 07/10/2015 22:56

Shorting this is a dangerous game, if the FCA clear the bid then you have to close the short pronto, I am not sure how easy it is to get the borrow either.
I am long the arb at the higher levels but did add another 10k today, averageing down my average down........

[kidknocked] 07/10/2015 22:49

Yes, will keep an eye on this one...

[kidknocked] 07/10/2015 22:49

Seernb. Be cautious here......when the shorters get their act together, they really get their act together and this moves massive amounts rapidly. Your choice, but suggest you look into what happened in May this year.

[elcapital] 07/10/2015 22:44

Forty pence upside, two quid downside

[seernb] 07/10/2015 22:40

I bought in a partial position today at 359p. Will add again in the 350's if no news. Remember that Playtech has to pay a 17p breakup fee if they walk (and there is no material adverse clause triggered). Also, if the FCA blocks the bid, then the breakup fee won't be paid, is that correct?

Even so the shares are currently priced at 7.5 P/E ex cash.

[elcapital] 07/10/2015 22:39

Hi Kidk. Very strange price action, it suggests the deal will not proceed.

Interesting situation.

[kidknocked] 07/10/2015 22:34

Evening elc. Haven't had much interest here of late, but this fall is getting my attention. On watch now, could tank.

[elcapital] 07/10/2015 16:47

Clearly something is wrong. Look at the share price.

[tmmalik] 07/10/2015 16:44

Seems tomorrow it will crash below 3 and may b we will see 2 again in week time .

[gorilla36] 07/10/2015 16:13

El has been howling at the moon for the last six months about fraud......oh dear!

[liquidkid] 07/10/2015 15:43

Exbroker, you won't get an answer from the other guy Elcantal but you should get along as he is an ex-broker too! Seems to know it all.

[elcapital] 07/10/2015 15:19

Who are you posting to/?

[liquidkid] 07/10/2015 14:49

So what is it ElCake is it a fraud or too many prawns on the chess board?

[exbroker] 07/10/2015 14:45

Greetings All
I hold these having bought the position as an arbitrage play. The current price even before the fall today suggests that all is not well with the deal; if it was then they would be around the 397ish level. The deal is also not covered by the UK Take Over code so it is easier to walk away from if you are Playtech.
I have no feel for what the price would be if the deal falls through, there are very few other arbs in the name but if you think the deal happens then it’s a very good rate of return at these levels

[elcapital] 07/10/2015 14:43

kid........you need to do some research before you act.....try it if you can, you should learn something

[elcapital] 07/10/2015 14:33

Go back a couple of months.

[seernb] 07/10/2015 14:31

What, all 10k posts?

[elcapital] 07/10/2015 14:26

Read back.

[seernb] 07/10/2015 14:13

How do you reckon on 50% downside? Last earnings for the half year were for 20p. The company has about 50p cash. Seems like max downside is 300p putting the company on an ex cash rating of about 6.