Plus500 Share Discussion Threads

[davroc] 12/7/2018 15:26

Ex div 22 Feb paid 23 July

[chucko1] 12/7/2018 10:06

elway1, in both 2016 and 2017, the ex-dividend date for the interim dividend was September (maybe that is what you are looking at) and paid in November.

[elway1] 12/7/2018 08:26

The divi is paid in September I thought?

[metis20] 06/7/2018 11:08

Payment day Monday 23rd July.

(The last divi. back in November, was in my ii account the day after payment day.)

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.

[jim morrison 103] 06/7/2018 10:42

Anyone know when dividend arrives thanks

[chucko1] 05/7/2018 18:32

cfro - thx.

[planelondon] 05/7/2018 17:51

Sailing John,

Thank you for your model update.

I have similar numbers for the half year; circa USD 500m revenue and USD 300m net profit. As do my pals also holding the stock, one of whom is a professional analyst.

[nfs] 05/7/2018 17:23

Thanks sailing John Your estimates are useful, sensible and really worth having

[sailing john] 05/7/2018 16:56

Reworked my model - apologies for my post of last week - selling expenses far too high as linked to revenue. Now linked to new users and AUAC plus a fixed sum.
My revised model output for 1H is (which I think now agrees with others here)
Rev $520m
PAT $325m
eps 216p!
lower in 2H though post ESMA
nai dyor etc.
GL - SJ

[cfro] 05/7/2018 13:40

chucko1, that is a very good post of yours where you sum it all up perfectly imo.

[riverman77] 05/7/2018 12:59

I rate the stockopedia analyst who wrote this highly but don't agree at all with his assessment of PLUS. He has repeatedly said that PLUS does not hedge its exposure and merely takes the opposite side of the trades - in other words it relies on client losses to make profits. This is clearly at odds with the fact that clients where overwhelmingly long cryptos during last year's rally, yet PLUS made record profits. The reality is that PLUS use a combination of offsetting trades and market hedges to control risk as necessary. It is highly complex but the proof is in the pudding and they appear to be very adept at it, as evidenced by the low frequency of loss making days, even during volatile markets.

[chucko1] 05/7/2018 11:15

cfro, I just read his article according to your link. I love it when analysts (self proclaimed) make errors such as this as it helps to explain the headwinds that PLUS has sometimes to overcome. Keeps it cheap which is fine as all we do is collect large dividends with little downside risk.

However, I would add that this error has been repeatedly made by many and may continue to be as the issue at hand (hedging their exposures) is quite complex to both explain and understand. Nevertheless, for someone who claims to have the qualificatoins he states, this is not an impressive analysis at all.

I think there remains a consituency of investors/analysts who have trouble believeing the success of PLUS and do not form their analysis with an open mind. They bumnp into "facts" which they believe justify their doubts such as European regulation, share price run up, crypto decline and unbelievable performance metrics vis a vis competition. They do not ever mention market volatility and new licenses and what those might mean because instead of being "facts known today", they are matters where you have to make forward looking judgements. Those judgements are usually the only route to meaningful investment returns.

As this stock joins the FTSE 250, it may be the case that it becomes increasingly researched which "should" mean that it is better understood. But I ony see that as being a marginal thing as research on even FTSE100 companies can be poor.

[aakash30] 05/7/2018 10:44

Arja, you are looking at it the wrong way. Plus requires minimal capex hence net income basically equals cash. It also means it can pay out most of its net income as dividends for shareholders as it doesn't need the cash to grow. So its actually a great thing that as the company can return all its profits to shareholders.

[arja] 05/7/2018 09:39

just started to look at PLUS and surprised at so little cover for the dividend . Of course it is a high yield in that situation but surely foolhardy ? any commenst please or what am I missing except a brain ? ( smile ) . lovely long term uptrend .

[cfro] 05/7/2018 09:30

Not sure if anyone has seen this article on Stockopedia this week. Very negative in context but there is nothing new in there that has not already been thoroughly discussed here:

[podgyted] 04/7/2018 16:50

Chris.

I also think it's more nimble on its feet - IG and CMC lagged on crypto, whilst PLUS embraced. The crypto effect has gone but has left PLUS with a chunk of new players at nil cost.

I struggle to find any reason that IG is at an 80% premium to PLUS - perhaps the market will start to agree.

[chrisdonohue] 04/7/2018 13:30

IG trades many more stocks than PLUS which gives an investor many more opportunities to trade. It is currently the market leader in terms of market capitalisation, but PLUS will almost certainly overtake this market capitalisation because of its much faster growth and profitability.

[ultimate1] 03/7/2018 09:23

Perhaps the most knowledgable person with plus is one of Odeys fund managers. He is predicting 7000 plus within 2 years. The reasons he gives on his conference calls are very valid so it gives us an idea of how far they can potentially still go up. There’s no doubt that after next months results all yearly estimates for the company will have to be upped as they would have already beaten them in the first half. Exciting times I can’t see any reason to sell at current prices. Their market cap and p e ratio in comparison to Cmc and ig is simply wrong and the market continues to under estimate them

[malcolmmm] 03/7/2018 08:39

Stockopedia rate these 98/100 9 screens passed at the moment, varies from 9 to 11 which is high.

[podgyted] 03/7/2018 00:42

Don't know how much further this will go in the short-term. The 10% today was cool.

The interims should give further earnings out performance in mid-August.

In the next few months, however, PLUS is essentially a reverse short on the market. They don't like it but they can't ignore - it will enter the FTSE250 in 2 months+ time - EPS forecasts are still low and IG/CMC are expensive. They have to buy. Something has to give.

At that point, as someone else said - don't be short.

[chrisfillyourboots] 02/7/2018 16:39

BUYTarget price 2491p | Published price 1618p | *Corporate Client of LiberumPlus500 has announced in its half year trading update that the Board has again materially increased its expectations for the Group's financial performance for the year ending 31 December 2018. We increase our TP to 2491p from 1994p giving 54% upside and an ETR of 62%. BUY.

[chrisfillyourboots] 02/7/2018 16:37

This could well break 2000p tomorrow as market absorbs the strength of Plus500's trading results.

[nfs] 02/7/2018 15:22

Yes chucko a new gear has been found

[villarich] 02/7/2018 15:19

Smashing through the all time high. About time too!! Can't wait to see the interim numbers