Plus500 Share Discussion Threads

[noujay] 26/4/2018 14:40

Is the word out after the berenberg conference I wonder..

[sailing john] 26/4/2018 13:23

New Crypto added EOS
Now offer 9 Cryptos + ETH/BTC

[poolefox] 26/4/2018 12:20

You’re welcome I wish it was Monday patience never my strong point

[michaeljames1] 26/4/2018 12:02

Aha thank you, upvoted as that made me chuckle! Indeed, Tuesday will hopefully be more interesting than Monday!

[poolefox] 26/4/2018 11:40

Monday might be interesting but Plus are reporting on Tuesday Michael

[michaeljames1] 26/4/2018 09:01

I think the company just have such a strong reputation of giving stellar updates that people are buying in with the expectation of something very positive on Monday, which is the reason I'm holding. With the dividend as well I am amazed at how quickly this has risen to new highs, I'm certainly not going to complain and on Monday I'll see what the future holds.

[burn248] 26/4/2018 08:45

Trading update next week, news leak???

[stuffee] 24/4/2018 16:10

Thanks BGW!

[bgw1970] 24/4/2018 14:22

nope- the company is at a Berenberg conference tomorrow.

[stuffee] 24/4/2018 13:45

Curious why Q1 numbers being announced bit later than normally. Three possibilities in reverse order of preference.
1) Smaller numbers traditionally take longer to add up.
2) CEO on hols this week.
3) Plus working on another transaction, which it wants to announce simultaneously, such as an acquisition or( hopefully) application for a full listing, which I’ve been encouraging for ages.

[sailing john] 24/4/2018 11:26

Well I'm expecting that PLUS's Q1 Rev will be higher than IGGs last quarter - just a case of by how much imo dyor (IGG's Q3 Dec-Feb was £153m circa $215m! - PLUS's last Quarter was a record $132m so a big step up - but my estimate reflects the new customer surge in Q4 and crypto volatility/falls in Q1)

Given that IGG MC is £2.9bn and PLUS MC currently £1.55bn - I think Mr M will have a bit of catching up to do! - despite the recent pre result rise - especially if PLUS can demonstrate that they have more (or different) options than IG post ESMA
Looking forward to next week
GL - SJ

[interceptor2] 24/4/2018 10:19

Yesterdays increase perhaps just caused by focusing investors minds on the forthcoming trading update.

Markets have been volatile since the results announcement in February, particularly cryptos which should be reflected in the update. I am increasingly thinking that PLUS are an excellent hedge in uncertain markets.

[intelligentinvestor1] 23/4/2018 16:43

Good day for PLUS as it hits 1365(52 week high). Any reason for this spike apart from quarterly results next week ?

[metis20] 23/4/2018 07:06

Plus500, a leading online service provider for individual customers to trade CFDs internationally, will issue a trading update for the first quarter ended 31 March 2018 on Tuesday, 1 May 2018.

[poolefox] 20/4/2018 17:05

Previously posted also the possibility that Plus decided on applying for full market listing and the trackers have to buy it!....here's hoping

[bgw1970] 20/4/2018 16:54

You must be right in terms of the rating being low, but it's an AIM listed stock with high quarterly churn, so this is not altogether surprising, especially with only 2 brokers covering it. The fact that there is no specific guidance on ESMA's impact also does not help. The latter is not a criticism, rather this is a company which does what it says it will do, and that impact isn't easy to predict with certainty.

None of which will matter when you see those 150k customers who arrived late in Q4 generating trading revenues.

[poolefox] 20/4/2018 16:45

Sorry I meant 5 X EV/EBITDA but I know the market seems to be adopting a sell on the news so difficult to predict but the reaction on results but forward guidance should be strong and the price still surely reflects historical mistrust of Plus and some uncertainty still about ESMA regs?

[bgw1970] 20/4/2018 16:14

poolefox- if I told you what I think this will do you would be the one telling me to calm down, however Messrs Grimston and Hanbury said 5x EV/EBIT, which has now gone up to 6x, not P/E. The stock is now on 8.8x consensus 2018 and 8.3x 2019 earnings.

FWIW, my own expectations are considerably above the Liberum and Berenberg numbers.

[poolefox] 20/4/2018 15:00

BGW come on 5X forward P/E the share price has to pop!!!

[poolefox] 20/4/2018 14:37

Noujay ill try and calm down but ive been buying more! Happy Friday as the Americans used to say before Trump started tweeting!

[noujay] 20/4/2018 14:29

Thanks for posting that interesting to read

[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