Plus500 Share Discussion Threads

[cochise] 15/2/2018 11:11

chuckof - thanks for your reply.

[cochise] 15/2/2018 08:57

Off topic, but can anyone tell me what other bulletin boards are of use.
Have used these for many years, but yet to find any others as good.

[pbutterworth1] 14/2/2018 23:29

I think todays action was market manipulation to draw out sellers ahead of large insti buying as PLUS continues to become more respectable. Over the next few days and weeks we will see.

[jplus] 14/2/2018 21:50

Thanks. Pretty simple option!

[thorpematt] 14/2/2018 21:10

One could simply go to the tab in the header above...the one named "trades".

[jplus] 14/2/2018 20:29

Out of interest, how do you find that out?

[hatfullofsky] 14/2/2018 16:53

Some serious big buys going on out of hours

[interceptor2] 14/2/2018 16:22

Bought back in here this afternoon, wasn't expecting this opportunity, with a 100p dividend due I can use a much more generous stop than usual.

Thought the results were very good today.

[nurdin] 14/2/2018 16:02

I am baffled must say.Have put feelers out to find out what is going on...

[noujay] 14/2/2018 16:00

Obviously not many fancy the 10% dividend! Seems a pretty reasonable deal at these prices with this trading level and visibility, along with the closing date next week.

[thevaluehunter] 14/2/2018 15:41

Market volatility was pretty limited in Q4 but things have changes recently so I would expect trading volumes revenue per customer to improve. To me it seems a bit like the same time last year with a double digit dividend and everyone getting hung up on regulation which I don't think will have much of an impact.

[chucko1] 14/2/2018 15:33

More likely the odd move today is because after the announcement of the results, Asaf Elimelech said that the interest in crypto currencies had been a “great marketing exercise”. So this was what was behind the huge increase in clients during Q4. Some may argue that this is not repeatable and that the numbers are more likely to dwindle than increase at such a pace.

Let’s see what the churn rate turns out to be. Also, and I think rather more importantly, let’s see what happens because of Singapore.

[hatfullofsky] 14/2/2018 15:32

PLUS derives the majority of review from CFD's so if you adjust those ratios significantly, the deposit / margin required rises significantly, meaning restricted positions based an ability to deposit funds.

[aakash30] 14/2/2018 15:18

Yeah I don't get the share price move today. Strongly considering adding at 1170 on IGs platform :) I think ESMA will actually be good for big incumbents Plus+IG+CMC. And can't wait for Q1 2018 which will be amazing. Mr. Market rarely prices Plus correctly, think this another one of those cases. Should move higher eventually. Also ESMA may actually be positive given they may make rules more lax given 98% of users said they are too stringent in current form (leap rate)

[chucko1] 14/2/2018 14:20

I am not so worried about margin. People who trade on very high leverage tend not to trade for so long as they lose their money. Not all, but a lot. You don’t want clients who lose all their money. In fact, I recall PLUS as arguing that it will in time prove to be a competitive advantage to them with a lower leverage model as many of the bit-players will not be able to remain profitable.

For me, the proposed ESMA leverage menu would have no impact on my own trading, but I focus mainly on stocks which I regard as investments to produce long term returns. I do not speculate on commodities which can move brutally.

Your point is certainly valid if their customer base is mainly like you (in terms of trading strategy), but I am not sure that that actually is the case. Hence the “no material impact” comment (often repeated).

[hatfullofsky] 14/2/2018 13:29

It's all about the margin for me. I can't believe such draconian measures on margin would not have a material impact on performance. I certainly would not be able to hold my current spread bet positions and would definitely have to decrease trading under the proposals.

[thevaluehunter] 14/2/2018 13:17

Huge growth with EV/EBITDA at 5.9 and +10% dividend.

[witsend1] 14/2/2018 13:14

This has got to be the weirdest share price movement I've ever seen. 'And I should know - I've followed a few!!'

[liam1om] 14/2/2018 13:03

That is a good theory stuffee. It would explain why the price is so weak today considering the excellent update.

[stuffee] 14/2/2018 13:00

I wonder if Liberum are lining up a large placing of management's shares and hence trashing the share price? A few months ago it attemped to place a few million shares on behalf of the founders and certain directors but then had to abort when price weakened. It would be an ideal time to place a large chunk now on the back of such impressive numbers.

[noujay] 14/2/2018 12:48

I agree that it will affect this, certainly in terms of initial perceptions. But seems that in reality the company is not especially exposed per below..ESMA's proposals include:a total ban on Binary Options marketing and trading in the EUleverage restrictions on Forex and CFD trading of between 5x and 30xnegative balance protection on client accountsban on bonus payments to retail clients, inducing them to trade"the Company has never offered binary options and has always provided balance protection to its customers across all its product offerings in all its markets, as a core principle of its business model. The Company also has a maintenance margin level which enables its customers to have additional protection. As at January 2017, Plus500 removed its bonus schemes for the vast majority of its operations."

[nurdin] 14/2/2018 12:42

They have already stated that ESMA regulation,as proposed, will not have a significant impact on their trading:

Plus500 welcomes the strong regulatory framework
that this is expected to bring to the industry.
As the final rules have not yet been published,
it is difficult to assess the potential impact
of the proposed measures. However, the Board
believes that subject to the final ESMA and the
national competent authorities ("NCA's") set
of rules, the implementation of the proposed
measures is unlikely to have a material adverse
effect on the Group's business. It is confident
that Plus500, as an industry leader with the
financial and operational resources to invest
and innovate, will become a stronger business
with an enhanced competitive position as a result.

[hatfullofsky] 14/2/2018 12:36

L2 not looking pretty