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PLUS Plus500 Ltd

1,808.00
-1.00 (-0.06%)
Last Updated: 12:32:05
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Plus500 Ltd LSE:PLUS London Ordinary Share IL0011284465 ORD ILS0.01 (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.00 -0.06% 1,808.00 1,801.00 1,809.00 1,811.00 1,781.00 1,781.00 41,638 12:32:05
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Security,commodity Exchanges 832.6M 370.4M 4.6668 3.88 1.44B
Plus500 Ltd is listed in the Security,commodity Exchanges sector of the London Stock Exchange with ticker PLUS. The last closing price for Plus500 was 1,809p. Over the last year, Plus500 shares have traded in a share price range of 1,278.00p to 1,920.00p.

Plus500 currently has 79,368,334 shares in issue. The market capitalisation of Plus500 is £1.44 billion. Plus500 has a price to earnings ratio (PE ratio) of 3.88.

Plus500 Share Discussion Threads

Showing 12201 to 12224 of 25650 messages
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DateSubjectAuthorDiscuss
24/12/2017
09:19
Quick tax question re Plus500. Are their dividends classed as foreign or UK for tax purposes?
matt
23/12/2017
11:45
Significant drops in most crypto currency prices....the bubble seems to have burst.Wonder how that will impact PLUS...
nurdin
21/12/2017
17:53
Deutsche Bank took advantage of Monday's dip -
metis20
20/12/2017
23:05
This should be viewable to non subscription:-


Some relevance to PLUS I think.

In addition I think IG see reg changes as per notes from Rueters:-

* IG- "IF PROPOSALS COME INTO FORCE IT WOULD BE REASONABLE
TO
EXPECT SOME CONSOLIDATION OF INDUSTRY OVER SHORT TO MEDIUM TERM"
* IG- "IF PROPOSALS COME INTO FORCE THERE WILL BE SOME
CLIENTS WHO
WILL BE LOOKING FOR A NEW HOME"
* IG GROUP- "OFFERING MASSIVE MARGINS WILL STOP BEING A
DRIVER
WHICH AFFECTS CLIENT'S SELECTION"
* IG- "DEFINITION OF PROFESSIONAL CLIENTS NOT EXPECTED TO
CHANGE
UNDER MIFID II"
* IG- "THE MEASURES THAT HAVE BEEN INTRODUCED ARE ALL
SENSIBLE"
* IG- "ONLY THING WE QUIBBLE WITH IS THE LEVERAGE LIMITS
PROPOSED
ARE MORE ONEROUS THAN IS NEEDED TO ACHIEVE POLICY ENDS"
* IG- (LEVERAGES PROPOSED) OPEN THE DOOR FOR PEOPLE TO END
UP
GOING OFFSHORE AND END UP WITH WORST CONSUMER OUTCOMES
* IG- (LEVERAGES PROPOSED) BAD FOR US BECAUSE WE ARE NOT
GOING TO
OPERATE AS AN UNLICENSED ENTITY SELLING INTO THE EU
* IG GROUP- "PROPOSALS ARE ALL FINE, ONE GOES TOO FAR"
* IG GROUP- WE EXPECTS PROFESSIONAL CLIENTS TO BE ABLE TO
TRADE
BINARY PRODUCTS

Further company coverage: IGG.L

(Bengaluru Newsroom: +91 80 6749 1136)



I concur on those offshore comments. You know what people are like: They tend to find ways to do as they wish.


--------------------------------------------------------------------------
tiswas (FWIW)
Running winners = good plan. Easier to say than do. Diversification makes it easier to do since the volaitilty is easier to swallow.

As you observe, the more stocks the harder to monitor....which is why I personally have found that the question of "how many stocks to own / follow" is in reality more a question of psyhcology and reasearch methodoloy than of portfolio mathematical theory.

The trick is to work out what works best for YOU. (no-one ever discusses that last bit in any books).

thorpematt
19/12/2017
10:35
My current stop loss on my favourite share and largest holding (PLUS) has been 700 for several months. Really glad its at that pessimistic level with recent reaction, auto sell would have been very annoying. Current corporate Buy back level at 780 seems to fit. GLA DYOR
pbutterworth1
18/12/2017
23:44
Tiswas, nowt wrong in taking profits but I expect this is just volatility and an opportunity. This news has been lurking for some time. Of course with such a short time to publication I think we'll drift around sub 900p until the announcement.
hatfullofsky
18/12/2017
18:39
Today's 38k is the largest number of shares bought back in a day since the share buyback began. The previous highest was 35k.

Over the period 6th June 2017 to 11th August 2017 the daily average number of shares bought back was about 20k. No shares were bought back between 11th August and today.

metis20
18/12/2017
18:14
Quite surprised they bought so few.
shanklin
18/12/2017
17:53
Spot on SJ,



Think this does put a ~800 floor on the SP

aakash30
18/12/2017
17:46
Share buy back support below 800p

Today's buyback

Plus500, a leading online service provider for retail customers to trade CFDs internationally, announces that, in accordance with the terms of its Share Buyback Programme announced on 7 August 2017, the Company acquired 38,000 ordinary shares of ILS 0.01 each in the capital of the Company ("Shares") on 18 December 2017 at a price of 789.02 pence per Share. The acquired shares will be held in treasury. Liberum Capital Limited completed the acquisition on the Company's behalf pursuant to the Share Buyback Programme.

metis20
18/12/2017
13:03
I too clearly under-estimated the effect this announcement would have & congratulate those who saw it coming.

At least it's out in the open now having hung over this like the Sword of Damoclese for some time.

As mentioned, this has a history of rolling with the regulatory punches & I feel confident it will bounce back in time as the business continues to outperform.

Aimho of course & dyor.....

xajorkith
18/12/2017
12:43
I have been trying to improve my returns by doing two things. Running winners and diversifying.


I was tempted to take profits over £10 but reminded myself of rule 1.

I should have been aware that the regulators were going after these people and that a report was imminent. Perhaps I am too diversified to be monitoring each share I hold closely enough.

Plus bounces back time and time again from these setbacks but I am not sure I want to be investing in an increasingly regulated business so I sold out of IGG and Plus this morning for decent profits but not as decent as a few weeks back!

Just my ramblings fwiw.

tiswas
18/12/2017
09:46
Interesting that the price this morning rebounded to 820p before falling back again, which supports your price limit SJ between 810-820p, so this area could offer solid support.

I also wish to offer thanks SJ for highlighting the reasons for your sells last week, when I originally bought back in here my plan was to sell out before the end of December and before the expected regulatory new rules. But reading your post it reminded me that I didn't know how bitcoin had effected PLUS in the short term and I didn't know how PLUS hedged or protected itself, so I bought forward my plans to sell most of my holdings and only held a small position this morning, wasn't smart enough to sell you of them unlike yourself and some other investors here who I happen to know that sold last week.

I suspect that Bitcoin will have only temporary negative effect in Q4 or none and that any new regulatory rules will only have a short term effect on PLUS and that PLUS will perform very well in the longer term.

So happy to wait until results until I build my position again.

interceptor2
18/12/2017
08:53
Shanklin - if my buyback price cap theory is correct 810-820 they should have been in the market today. And they have a lot of catching up to do so should put a solid floor on price if so!!!! Potentially a missed an opportunity to buy on the bell at 730ish and take 10%!

"sailing john - 31 Oct 2017 - 13:34:59 - 11983 of 12171
On buybacks
I think they had good intentions regarding buybacks but perhaps set a price cap too low. I had thought that a MACD limit was initially stopping buy backs but I note in their original announcement of 2nd June 2017 they mention share price as one of several restrictions (and I assume something similar for the further buyback announcement with 1H results 7th Aug)

Looking at the only bubacks post Aug 1H results 7th 741p, 8th 798p 9th/10th none (price above 820) 11th 807p and no further buybacks
Suggests that perhaps a price limit set around 810-820p

sailing john
18/12/2017
08:35
Wonder if there were any PLUS buybacks this morning?
shanklin
18/12/2017
06:26
Not really, the FCA proposal would only cover 20% of Plus revenues. The ESMA proposal + FCA will cover 80% of its revenues. Long term Plus should be fine but I do think market will react negatively today
aakash30
17/12/2017
19:47
Looking back at the FCA proposals from the 6th December last year this latest paper from the ESMA is very similar in its proposals so no real surprises in my opinion.
stardog2
17/12/2017
19:05
The ESMA proposals should make little difference to stock or crypto based CFD trading as Plus already operates with margin rates similar to what's being proposed. Forex and index trading will require much more margin. However, because the rules will be across the whole industry retail punters will have to go with it or stop trading. I think it's highly unlikely they will stop trading, they will just have to put more cash in their accounts or trade smaller positions. This will mean fewer clients will get wiped out which in the end will be healthy for the CFD providers. We may well see some downside tomorrow but the regulation could have been worse and the uncertainty of not knowing what's coming will be removed.
stardog2
17/12/2017
11:41
From Q3 trading update

Looking ahead to 2018, the Board believes that Plus500 is well positioned to take advantage of growth opportunities such as new licences and new instruments, whilst retaining its competitive advantage derived from its lean cost structure and technology leadership; these factors are expected to assist in mitigating the impact of any regulatory changes.

and of course PLUS now have that Singapore licence.

metis20
17/12/2017
11:02
Clearly I am missing something as I don't see why it is such a huge deal. Sp down 15% tomorrow. Really? -140p.
shaker44
17/12/2017
10:27
The ESMA document was published on Friday - was this after the market closed or during the day in which case we should have seen a reaction already on Friday?
gconvery
17/12/2017
08:58
i would expect the stock to open some 8%-15% down tomorrow and to keep going down for the day...the leverage restrictions are severe.
sum493
17/12/2017
08:30
and from the Q3 report

Net profit for the period ended 30 September 2017 was $143.2 million, up 103% compared to $70.6 million in the period ended 30 September 2016.

Plus500's cash balances increased from $117.0 million at 30 September 2016 to $203.9 million at 30 September 2017.

Plus500 has again reported record numbers of new customers for the quarter (an increase of 69% from Q3 2016) and a record number of active customers (an increase of 35% from Q3 2016). The Company's efficient marketing activity and retention initiatives led to an increased number of new customer sign ups, customer re-activations and high customer trading levels during the quarter. In addition, there has been an increased contribution from the trading of new financial instruments and exchanges.

metis20
17/12/2017
08:02
A reminder from the H1 report

Current Trading and Outlook

Plus500 has performed strongly and significantly ahead of market expectations in the first half of 2017 and the Board looks ahead with continued confidence. Current trading in the third quarter to date has continued to be strong, benefitting from the New Customers delivering revenues and with margins benefiting from high retention rates of Active Customers.

The outcome of the year will be subject to the balance between the benefit of the positive trading conditions continuing, set against the possible negative impact of the regulatory changes already implemented in the majority of our countries of operation. However, the Board believes that the Group's lean cost structure together with its flexible business model will enable it to adjust to future changes and to continue to be one of the leaders in its industry.

Currently, the announced regulatory changes (by CySec, BaFin and AMF) have not meaningfully affected the Company's business model or performance. The essence and timing of the FCA's and ESMA's potential regulatory changes remains an uncertainty, although the outcome is expected during 2018.

Over the medium to long term, the Board expects margins will benefit from the operational gearing inherent in the Group's low cost fixed overhead business model and its ability to flex marketing expenditure. We also continue to explore opportunities for growth in new territories.

In conclusion, Plus500 has more high value customers, an enhanced trading platform, more robust processes, more routes to market and a stronger brand and the Board is confident that the Group's flexible business model will enable it to adapt to the upcoming regulatory changes and gives the Group a competitive advantage to deliver another excellent performance this year. The Board is confident that Plus500's technology is market leading and is a significant competitive advantage.

Overall, momentum is expected to continue, resulting in strong growth in 2017 significantly ahead of the Group's previous expectations. Delivering this performance is expected to enable the Board to continue its policy of delivering attractive shareholder returns through generous dividends payments and the additional, enhanced share buy back programme.

metis20
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