Plus500 Share Discussion Threads

[planelondon] 20/6/2018 16:21

From the prospectus just published at 15:45:

As stated above, Plus500 believes that the ESMA measures will have an effect in the short term, however this can be mitigated by providing those of its customers in the EEA that wish to trade on higher margin, the option of applying for an EPC account, such application being subject to approval by the Company and the customer meeting the relevant regulatory requirements (including the guidance on client categorisation issued by ESMA in its Investor Protection Q&As). This mitigating factor has also been identified by several of the Group’s competitors. Plus500UK and Plus500CY began evaluating their customer bases regarding EPC status in February 2018 and consider that across the Group 12 per cent. of its customers in the EEA may be eligible for EPC status. Given that this 12 per cent. generate in
aggregate approximately 75 per cent. of the revenue at EEA level, the Board believes that the Group is in a strong position to maintain revenue from those customers given its EPC offering.

Given that there is currently no incentive for retail customers to apply for EPC status and the Group has not approached all of its customer base, only a limited number of its customers have already done so to date. Of approximately 38,000 customers marked by the Group as potential EPCs, 8,116 applied for EPC
status of which 4,282 were approved.

This a higher number of Professional Customers, at this stage, than the most recent updates published by IG Group and CMC.

[metis20] 20/6/2018 16:07

It is expected that Admission will become effective and that dealings will commence at 8.00 am on 26 June 2018. Trading in the Company's shares on AIM will be cancelled simultaneously with Admission.

[aakash30] 20/6/2018 00:23

hxxp://www.stockdalesecurities.com/backup/archive/smiths/entering-and-exiting-the-ftse-100-november-2011.pdf

The above answers how much shares rise due to inclusion into FTSE 250. On average it's around 20%

[chartsworth] 19/6/2018 22:40

Sorry for the off-topic post but struggling to find relevant forum elsewhere - would like to ask what chart providers others use - I have tried ADVFN/Stockopedia/TradingView but find them all poor for tracking volume and price action. Would be happy to pay a reasonable subscription - any thoughts? Thanks and sorry again for hijacking thread.

[davebdavid] 19/6/2018 13:36

What kind of rises can you expect when a company move from the aim to 250?

[sailing john] 19/6/2018 09:25

Trump vs the rest of the world! is good for PLUS. Creates volatility in markets.
Part of the reason for holding PLUS is as a market hedge. Should do just as well if not better in a falling market.

[xajorkith] 19/6/2018 08:47

Hardly a surprise we're having a slight pullback after rising 50-60% in just 3 months.

As much as I want it to, nothing goes up in a straight line.

See this pushing £20 come the next update.

Edit: beat me to it interceptor2! Distracted watching England win on breakfast news while typing ;)

[interceptor2] 19/6/2018 08:40

Have to expect some consolidation and pullback after such a rapid increase in the last few months, hardly any shares go up in a straight line. It is a case of sellers taking worthwhile profits which causes the price to fall until a certain point where buyers take over and give a new area of support on the chart.

There is much to look forward too here, starting with the full listing due next week.

[davebdavid] 19/6/2018 08:22

I was getting a little worried first thing this morning as the share price dropped again. Is this just the general market conditions at the moment (Trump v China battle)? Or can anyone see anything else that is hitting the share price.

[chucko1] 18/6/2018 13:58

intelligentinvestor1, I have little idea about its listing - but I share the view that they are unlikely to have made the announcements they made unless they were sufficiently confident.

As for £16, I bought a few, having previously let them go near £17. Although I am not entiely sure of the reason for the fall, I do not really care as I see this as eventually rising rather higher. One possible reason is that the BIS came out with their report (long time signalled) about Bitcoin. I have read some of the report and the Telegraph's on line headline of "Useless, Unsafe and Dirty" is not inaccuarate - it precis the BIS report pretty well!

I have always regarded Bitcoin trading as a temporary phenomenon and look at the investment case for PLUS absent of this activity. I reckon the management's trading updates are quite conservative for the same reasoning.

[american idiot] 18/6/2018 11:29

Free 100 Plus1 coins for you for clicking this ADVFN link :-

[intelligentinvestor1] 18/6/2018 11:25

Any news on listing in the main stream ? It is good time to accumulate as it is hitting sub £16 levels.

[saltraider] 13/6/2018 21:28

chucko1 ... I know that selling when I did may not have been the best possible decision but it was a good decision. I have money in the bank. When I buy back in, I will reserve my profit and stake about 25% less than the value of the stock I sold.

Plus is very liquid and I can jump back on board any time I want. I could have achieved much the same outcome by haircutting my holding, I think. But my trading costs are so low that it makes more sense to me to close my position completely if it looks like the stock could be on the slide rather than fuss around adjusting things at the margin.

[sailing john] 13/6/2018 17:52

Yertiz - Main market listing will happen this month as per RNS of 24th May

Prospectus next week admission planned for 25th June - (I know they have to put the usual subject to clauses but it will all have been agreed before the RNS)
GL - SJ

[yertiz] 13/6/2018 12:27

SB888 - you are ignoring the first rule of investing, the one which involves allowing your emotions to control your decision making. If you don't like the company, fair enough - plenty on here do, but only as a conduit to make money. I have invested in Plus 500 (amongst many others) for this very purpose and I'm far from being disappointed. Ethically speaking, it may not be to everyone's taste, but show me a profit making company that is!

As for Plus500 entering the main market, my opinion is this will happen, maybe this year or most likely early next year. Whenever it does, the share price will carry on its upward trend. Now there are takeover rumours bouncing around I'd suggest you short at your own peril!

[poolefox] 13/6/2018 12:13

Spoke to the third largest corporate financiers they said it will be approved

[sb888] 13/6/2018 11:30

A desire to move to the main market and it actually happening are poles apart.

A hedge fund talking its own book, is also to be ignored.

[poolefox] 13/6/2018 11:18

Odey price target is £60 I expect they see it as a takeout target,better to buy before it moves to the main market

[chucko1] 13/6/2018 11:13

Saltraider, a fair shout at 25% profit. I have been gradually selling all the way up, but feel there is still a reasonable chance of several legs higher, so will not sell out entirely as this thing tends to jump in great big quantum leaps! By the time you want to get back in, the darned thing is away from you.

I suspect the large Morgan Stanley sale and the Odey sales have casued this drop from 1700p to 1640p - something we see from time to time as large sales are signalled.

[gettingrichslow] 13/6/2018 09:38

More SoftBank rumours? Last time I heard SoftBank rumours was two years ago in relation to Imagination Technologies and a week later they bought Arm Holdings so quite close! No smoke without fire.

[saltraider] 13/6/2018 00:15

I sold my entire holding at 1,626p this afternoon and cashed in a 25%+ paper gain. I'm keeping a careful eye on price movements and will likely buy again if/when I think the price is right.

[the monkster] 12/6/2018 22:59

takeover at £4 ?? recommended by the Board no less.

[poolefox] 12/6/2018 19:50

Heard rumours in the City that SoftBank are in talks with Plus? Bought some more at close