Plus500 Share Discussion Threads

[bgw1970] 20/4/2018 14:26

Poolefox- calm down dear. The stock just went up a lot. They might anyway be wrong. Not that I think they are.

Note that that valuation is based off the $310m consensus EBIT, not their own number, whatever it may be.

[poolefox] 20/4/2018 13:56

Odey latest factsheet results will be MATERIALLY AHEAD OF MARKET EXPECTATIONS BUY BUY BUY

Our top contributor (+3.21%) was our largest position, Plus500. It reported a trading update and results that positively surprised the market in terms of customers added and ARPU generated. Alongside this, we got clarity in the first quarter on the ESMA regulation that will probably be implemented during Q2’18. We continue to believe that appropriate regulation is a good thing in this sector, both for consumers and the stronger companies. In a year where much of the sector struggled, it was good to see Plus500 grow its EPS by 72% and return $200m to shareholders. It was particularly pleasing to see the company pay a larger dividend for 2017 than the entire company was valued at when we took our position at IPO in June 2013. We see results being




materially ahead of market expectations on a forward looking basis, and feel that the EV/EBIT multiple of less than 5x for 2018 is inappropriately low.

[poolefox] 19/4/2018 12:07

One of the posters reckoned 26/4 but I think historically they just announce a trading update without notice in April certainly some time next week

[michaeljames1] 19/4/2018 09:45

Surprised there hasn't been notice of a Q1 update yet, it was done by the 11th last year. Do they need to give notice for Q1 update? Potentially it will just be announced towards end of April...

[poolefox] 19/4/2018 09:17

One of the Motley Fool guys said the price could easily increase by 50% from today's levels

[nurdin] 18/4/2018 21:32

Strip out the cash and the stock is trading at just 7.5x current years forecast earnings.Hardly rated highly.We should be trading at more like 15x given the growth rate...all imo.

[noujay] 18/4/2018 21:06

May not be a 10% pop bit I certainly expect them to underpin the current valuation

[poolefox] 18/4/2018 20:46

Great volatility great for trading results will be stellar 10% pop!

[bgw1970] 18/4/2018 17:10

You'd never put results out on a Friday.... They present at a conference on Wednesday 25th, so my guess is Tuesday 24th or Wednesday 25th.

[poolefox] 18/4/2018 16:41

According to 4 traders Singapore results are out on 20/4

[intelligentinvestor1] 17/4/2018 10:27

O-SYSTEMS Acquired by Hong Kong-Based Company

hxxps://www.financemagnates.com/binary-options/technology/exclusive-o-systems-acquired-hong-kong-based-company/

[metis20] 13/4/2018 17:45

trading updates - covering 2017 trading

Q1 26 April with notice on 11 April

H1 3 July (no notice)

Q3 31 October (no notice)

Q4 3 January (no notice)

There were also trading updates on 2nd June - AGM day and on 27 September; the latter presumably because trading ahead of expectations.

[noujay] 13/4/2018 16:25

Seems like it wants to go further but waiting for confirmation of Q1 numbers, which seems likely to be next week I'd think.

[rackers1] 13/4/2018 14:14

well done holders

although you were always on a winner when serial numpty elcapital was bearish

lol

[planelondon] 13/4/2018 12:42

Metis20 and Oregano,

That's the e-mail I have been using too. I have normally have had aa reply within 48 hours from a gentleman named Moshe.

He informed me I should submit my reclaim form and supporting evidence no later than 27th July, in respect of the current open dividend.

[metis20] 13/4/2018 08:58

Plus500's Agent Contact Information

ESOP Management & Trust Services Ltd.

Tel No: [phone]

Fax No: [phone]

Email: [e-mail]

above from

[oregano] 13/4/2018 08:52

planelondon, do you have an email address or URL from which the forms can be obtained from ESOP? I tried mailing them with no success. Much appreciated if you can provide, and thanks for the detailed process.

[nurdin] 12/4/2018 16:49

Trading through PLUS hopefully ;o)

[burn248] 12/4/2018 16:40

Up and down all day then ends up neutral a traders dream.

[davebdavid] 12/4/2018 15:14

Good news all round then!

[alan00] 11/4/2018 22:16

Probably a silly question, but who are "ESOP", that the form can be obtained from?

[noujay] 11/4/2018 16:26

Planelondon - thanks for the details I was messing about with the forms a few weeks back and clarity is welcome.Documents from ESOP indicate they wish to see a statement dated 23rd July from the financial institute indicating the dividend payment. You didn't mention this and presumably it will tighten the timeframe considerably.

[michaeljames1] 11/4/2018 09:05

Thanks very much, it sounds like a long winding process to get back 10%! But once you've done it a few times I can imagine the process becomes a lot simpler, so no reason why I shouldn't be sorting it out now. Will get on it, cheers.

[planelondon] 10/4/2018 21:37

Michaeljames1,

Israeli With Holding Tax is 25%.

Under the double tax treaty/conventio (DTT) with the UK, you can reclaim 10% of it via ESOP bringing the WHT in line with the DTT of a maximum of 15%.

ESOP will pay this directly to your own bank account if the shares are held in a pooled account/nominee/custodian account where that party does not accept the refund directly into their account due to AML requirements.

You will need:

a) statement from broker/nominee/custodian confirming the number of shares that you were the beneficial owner of at the date the shares went ex-dividend. This statement/letter should also confirm WHT refund payment should and can be paid directly to your bank account, if not held directly.

b) Completed Israeli Tax Authority form (you obtain it from ESOP);

c) HMRC need to sign and stamp the form to confirm you are a UK resident taxpayer, that your tax returns are up to date and you are entitled to reclaim foreign WHT.

d) Passport copy or similar ID.

There is a limited period in which you are permitted to reclaim the tax and if starts from the Dividend Payment date which is the earliest the reclaim can be processed.

Now that I have the process set up, I know exactly the format my broker has to provide the information and I send it to the same person/tax office.

The process works well for me now but, I missed three dividends at the beginning of my shareholdship because I could not master the requirements.