Plus500 Share Discussion Threads

[nurdin] 12/2/2018 09:19

Anyone worked out, or does anyone know, what the impact on earnings will be here if ESMA stick with their 30% leverage proposal?

[philba] 10/2/2018 08:32

Regardless where the figures land, it all bodes well for a great dividend, based on previous pay out of 60% profits and then adding the share buyback cash which didn’t get used. It should be over 50p per share.

[aakash30] 09/2/2018 21:53

Although, I think their 2018 Q1 is on track for best quarter ever by some distance but ESMA may provide a small speed bump

[aakash30] 09/2/2018 21:48

I have 275m for 2017 and 320m for 2018 (A little conservative on 2018 ARPU given regs)

[nurdin] 09/2/2018 13:56

They did $189m for the first 9 months in 2017 which with simple scaling would give us EBITDA of $252m for the full year.But then the last quarter was particularly strong so it is not unreasonable to expect full year EBITDA to be much higher than this...say in the range $265- $275m? $297m looks a tough ask however...but then who knows.

[sailing john] 09/2/2018 12:26

Well it's all guesswork now for me - the 150k new customers in Q4 broke my model!
But we do know they are ahead on both revenue and profit.
As usual I'm being cautious and my EBITDA estimate is around $230m for last year but agree anything up to $297m is of course possible
BUT I have an EBITDA of $425m for 2018! (PE 5 Yield 11-18%) providing ESMA don't stick the boot in too hard!
GL - SJ

[planelondon] 09/2/2018 12:01

Sj and Nurdin, the number we are looking for at next Wednesday's results is EBIDTA of USD 297m+.

USD 297m (@ USD 1.39 to GBP) would exceed IG Group's EBIDTA of £213.70m reported in their last financial year to 31 May 2017.

USD 297m is a big ask but it's possible.

A number there, or thereabouts and Plus500 become the most profitable CFD/leverage trading operator in Europe. At that point, it makes no sense that Plus500 has a market cap 50% below its less profitable competitor.

I expect very low AUAC at circa USD 150 and total marketing spend below Q3 and possibly even below Q2.

[thorpematt] 09/2/2018 11:25

Chart is like a coiled spring. So possibly about to move significantly in due course.

I suspect all this market volatility is good for business. Certainly provided an opportunity to pick up some cheap stock of late!

[sailing john] 09/2/2018 11:19

Agree nurdin but 9x 2017 historic earnings - we now have more than twice the customer base and a more balanced crypto landscape and resources, currency, and equity volatility and........ so I agree bonkers! Just ESMA holding price back for now!
Expecting a very positive commentary with numbers next week!

[nurdin] 09/2/2018 10:57

Excellent newsflow of late...and yet we are trading at less than 9x forecast earnings.Crazy

[metis20] 09/2/2018 10:41

Results due on Wednesday 14th Feb. Revenues and profits expected to be ahead of expectations.

[metis20] 09/2/2018 10:36

Today's RNS

Grant of Commodity Broker's licence to Plus500SG Pte. Ltd.

Plus500, a leading online service provider for customers to trade CFDs internationally, is pleased to announce that International Enterprise Singapore ("IE Singapore") has granted Plus500SG Pte. Ltd ("Plus500SG") a Commodity Broker's Licence ("CBL") in Singapore. The CBL will supplement the Capital Markets Services Licence granted to Plus500SG by the Monetary Authority of Singapore in December 2017, thus allowing for Plus500SG to offer its customers a more diversified range of financial instruments. The CBL is effective immediately and is valid for one year.

Asaf Elimelech, Chief Executive of Plus500 said:

"The addition of this licence demonstrates the positive momentum we are achieving in growth globally, following the announcement of the new licence granted in South Africa earlier this week."

[sailing john] 07/2/2018 15:07

IGs reply t ESMA suevey summary pretty much as expected. Have ESMA really thought about the consequences of driving a large proportion of customers to offshore unregulated providers. bonkers! Will they have a rethink? No idea but they should!

[nurdin] 07/2/2018 14:48

Thanks guys..very interesting.Gradually diluting European weighting and the associated regulatory constraints.

[metis20] 07/2/2018 14:10

Thanks aakash30



maybe Asaf Elimelech, keeps an eye on those google search maps

[aakash30] 07/2/2018 12:58

If you look at Google trends, searches for Plus500 are the maximum from South Africa (relative to all other countries). Guess a lot of punters out there so great addition for Plus

[nurdin] 07/2/2018 10:50

Wonder how big a market there is in SA for PLUSes services...Googling has drawn a blank...

[metis20] 07/2/2018 07:38

Today's RNS

Grant of FSB licence to open Plus500SA Pty Ltd

Plus500, a leading online service provider for customers to trade CFDs internationally, is pleased to announce that the Financial Services Board ('FSB') of South Africa has granted Plus500 a licence to operate as an Authorised Financial Service Provider in South Africa through a newly created subsidiary Plus500SA Pty Ltd.

This follows the announcement made on 7 February 2017, that the FSB had granted Plus500AU Pty Ltd., the Company's Australian operating subsidiary, a licence to operate an online trading platform for customers to trade CFDs in South Africa under FSP #47546. This will enable Plus500 to now build a fully staffed operation in South Africa taking advantage of the local pool of talented professional staff.

This licence further demonstrates the scalability of Plus500's platform, as well as the further geographical diversification of its business, adding to the Company's existing jurisdictions in UK, Australia, Cyprus, New Zealand, Israel and Singapore.

Asaf Elimelech, Chief Executive of Plus500 said:

"We are pleased that the FSB has granted us this licence which will enable us to grow our global customer base further. We continue to identify opportunities to add new licences in order to expand globally and diversify our geographical revenues."

[nurdin] 06/2/2018 16:36

I thought all this volatility in market would be good for PLUS.Surprised at the retrace

[sailing john] 05/2/2018 17:17

I think ESMA might have a rethink re leverage given that it is pretty obvious that some, many or most will simply trade with offshore providers ie potentially putting customers at greater risk. (If ESMA stick with 30* my guess is that the FCA will not go that far and stick with their 50* limit)

Driving customers away from Regulated providers is Regulatory madness!!!

[poolefox] 05/2/2018 11:48

Results 14th Feb

[sailing john] 02/2/2018 13:20

Cryptomania turns into Cryptocrash - Bitcoin dipped below 8000 this morning
Not much press headlines but some will see fall as an opportunity - could do with a decent upturn to maintain customer interest here - edit back to 9000 this afternoon - hopefully back to 10k soon - other cryptos making similar moves. Volatility everywhere - possibly thanks to Trump
GL - SJ

Edit another fx broker Exness having a record January hxxps://www.leaprate.com/forex/brokers/exness-2018-record-fx-trading-volumes-january-334-billion/

[sailing john] 02/2/2018 13:16

Another two brokers report record revenues in January

Second best ever month (volume) for CME -

[sailing john] 01/2/2018 16:33

Mentioned in a previous post that fx volatility had been high recently. We now have evidence with record revenue in January from some big players.