Plus500 Share Discussion Threads

[metis20] 14/2/2018 08:00

eps 126p gives PE of 9.5 at share price of 1200p

[aakash30] 14/2/2018 07:59

Thanks Metis

[metis20] 14/2/2018 07:57

The Board is therefore pleased to declare a final dividend for the year ended 31 December 2017 of $0.8129 per share (final dividend 2016: $0.3799 per share), with an ex-dividend date of 22 February 2018, a record date of 23 February 2018 and a payment date of 23 July 2018. This makes a total dividend for the year of $1.0517 per share (total dividend for 2016: $0.6123 per share). This equates to a total dividend pay-out of $119.8 million or 60% of net profit for the year, in line with the Company's stated dividend policy of which $92.6m is being paid as a final dividend.

In addition to the above, the Board has declared a special dividend of $0.6350 per share (special dividend 2016: $0.2729 per share) amounting to a pay-out of $72.3 million (FY 2016: $31.4 million). The ex-dividend, record and payment dates of this special dividend will be as for the final dividend noted above.

[aakash30] 14/2/2018 07:50

Amazing results. Yeah only 15% of revenues were crypto is a big positive for me. And their Q1 2018 is going to be even better than this. What is the ex date on the divs announced today?

[riverman77] 14/2/2018 07:33

Fantastic on all counts. The fact that only 15% of revenues derived from crypto trading is perhaps the biggest positive for me, confirming the company will have a bright future once the crypto fad goes away.

[lance corporal winstanley ash] 14/2/2018 07:33

Excellent results and dividend.

[nurdin] 14/2/2018 07:32

Still trying to get my breathe back lol

Trading so far this year good enough for them to forecast results 'significantly ahead of expectations' for 2018 so early in the year!! Amazing.

[pen8] 14/2/2018 07:28

Unbelievable results..great job

[rhatton] 14/2/2018 07:27

£15 Stock minimum really

[basem1] 14/2/2018 07:25

Mind numbing results. Never seen anything like it. Buying more if I can get them below £13.

[nfs] 13/2/2018 18:06

Using the 163c below as 120p say then I reckon a PE of 12 ( relative to IGs 15) gives £14.40Hit £13 tomorrow I hope on the way to that £14

[rhatton] 13/2/2018 17:53

Where do you folks think this should be valued? Closer to £15?

[sailing john] 13/2/2018 17:06

OK just for fun this is what I have in my model (bearing in mind that the 150k customers in Q4 broke what had been a very reliable tool)

Rev $425m (consensus $435m)
PBT $232m
PAT $180m (consensus $185m)
nurdin - I know my forecasts are below current consensus that you posted above but the consensus as at 3rd Jan was $386m and $171m according to my notes so have increased since TS - quite rightly

Important KPIs inc Q3 for comparison as the crypto surge will have had a big impact
......... Q3 .Q4E
New cust 42.5 150 (known from TS)
Active.. 94.6 200 (per quarter)
ARPU.... 1232 600
AUAC..... 689 400
Will be interesting to see how far out I am - and will need to see Q1 KPIs before I can properly fix my model post crypto surge.
PS my model produces quite cautious forecasts so hopefully on the low side again!
GL - SJ

[metis20] 13/2/2018 16:34

pl - many thanks...

[planelondon] 13/2/2018 16:07

Metis20, we already know 2017 active customers numbers. It's c.318,000 as published on the home page of the website.

[poolefox] 13/2/2018 15:49

Add on the new licences in South Africa and Singapore (and I’m sure there’ll be more )the future is incredibly bright

[yertiz] 13/2/2018 14:56

PLUS still operating under the radar for investors. Previous shorting has left plenty of burnt fingers and bad memories. I'm hoping for a rerating (aren't we all?) and a special dividend following tomorrow's results, and to put those bad memories to rest once and for all.

[pbutterworth1] 13/2/2018 14:51

Nurdin. Very slowly, trust is coming.

[nurdin] 13/2/2018 14:19

It is astonishing that despite the accelerating growth across all performance metrics,we are still trading at just 10 time expected earnings.That compares with 15x for IGG!

[metis20] 13/2/2018 14:06

sj - That new customer growth over 2017 is impressive - as you point out it goes, quarter by quarter -

22k 32k 42k 150k

Active customers FY2017 will be interesting -

FY2015:136k FY2016:156k FY2017:300k??

[nurdin] 13/2/2018 08:36

Consensus forecasts:

Revenue $434.8m

Net profit $185.3

EPS 163c

[sailing john] 13/2/2018 08:26

Results tomorrow - reminder of TS on 3rd January
"strong momentum in both trading and attracting new customers continued through to the year end. Record quarterly revenues were achieved in the final quarter of 2017 and approximately 246,000 new customers joined during the year (FY 2016: 104,432), which is another record for Plus500.

Accordingly, the Board anticipates revenues and profits for the year ended 31 December 2017 will be ahead of market expectations."

And 150k of those new customers were gained in Q4
This is what that looks like
New customers
2016 22-29k/quarter
Q1 17 22k
Q2 17 32k
Q3 17 42k
Q4 17 150k! Cryptomania"

And
"IG reported 18k customer first trades in 1H Jun- Nov 17
In the similar period July - Dec 17 PLUS added 192k new customers (depositing)
(PLUS growing customer numbers exponentially whilst IG flatlining)
IGG MC £2.8bn PLUS MC £1.35bn under 50% - Bonkers!
That gap is going to close imo

[cryptotrade] 12/2/2018 15:13

Thanks Nurdin. Any forecasts from brokers that you are aware of?

[nurdin] 12/2/2018 14:55

Results on 14Feb...should see a strong move ahead of that.

[cryptotrade] 12/2/2018 14:53

this looks like its going to break out?