Plus500 Share Discussion Threads

[sogoesit] 22/8/2018 07:47

Will be interesting to see which of the collecting dividend buyers or disposing dividend sellers get to determine the price towards close... or neither.
At $1.2899/£ I make the dividend 107p.

[sb888] 21/8/2018 22:09

hussyo. are you stupid?

[thedoghouser] 21/8/2018 21:26

And we can smell you again

[hatfullofsky] 21/8/2018 21:06

No stamp duty yet

[hussyo] 21/8/2018 21:05

Short activity is poss up due to the likelihood of a heavy drop ex-divi?

[davebdavid] 21/8/2018 19:10

Is it the same rat that took it from 11 to 20? That's one hell of a rat!

[sb888] 21/8/2018 17:55

Shorts up again.

They were at 2.7% on day of results, 4.06 2 days ago and now at over 5%. The city smells a rat

[metis20] 21/8/2018 16:27

grs -

Country of Incorporation and Operation. Plus500 Ltd is incorporated in Israel(Registered Number 514142140).

“You also do not pay stamp duty if the company you are buying the shares of is not incorporated in the UK or the company does not maintains its shareholders register in the UK.”

above from -

[elway1] 21/8/2018 16:19

Foolishben thx very much. Helpful.

[gettingrichslow] 21/8/2018 15:51

Does anyone know if Stamp Duty is payable on PLUS shares at moment. I'm getting quotes showing no Stamp Duty payable but I thought they're no longer on AIM so why wouldn't Stamp Duty apply? Anyone know the answer please?

[foolishben] 21/8/2018 15:29

I couldn't possibly answer than one but there are some posters on this bb who mention they have created models to forecast results so perhaps one of them will be kind enough to share their latest predictions.

In addition to ESMA, we have to also allow for the fact that Q1's performance was spectacular and unlikely to be repeated. Q3 revenue was $167.8m so if we (crudely) take away 20% of that to account for ESMA then we would still be looking at $268m revenue for H2 and a great deal more than $75m profit. That is not accounting for a number of other factors, including international growth, and I personally expect them to perform better than this as they always surprise to the upside.

[elway1] 21/8/2018 15:19

But but but...my point is what are market expectations for H2??? They only need 65m profit in 2h to meet overall 2018 expectations,yes, but what will there share price do if they "easily" meet these expectations for the year...but that is made up of 260m profit in the first half of the year...and say 75m profit in the 2H...?

Does anyone have any sense of what this business will actually do Revenue and EBITDA wise in 2H...sensitising fully for the impact of ESMA?

[metis20] 21/8/2018 15:12

House broker targets -

14th August 2018
Joh. Berenberg, Gossler & Co. KG – raised target from 1880p to 2690p


2 July 2018
Liberum Capital today reaffirms its buy investment rating on Plus500 Ltd [LON:PLUS] and raised its price target to 2491p (from 1994p) (StockMarketWire.com)

The above are joint house brokers for PLUS500

[foolishben] 21/8/2018 15:03

I understand market expectations for FY2018 to be $596.9m revenue, $326.6m net profit and $2.77 EPS. Even on these numbers the forward PE is only around 8-9 but the expectations are of course a complete farce as they have already delivered $465.5m revenue, $261.7m net profit and $2.30 EPS in H1. Realistically, even if PLUS have a relatively poor H2, the expectations for FY2018 are going to be beaten comfortably so unless there is some kind of nasty surprise (more regulation etc) around the corner, I can't help thinking PLUS is about as close to a sure thing as the market is offering at the moment.

[elway1] 21/8/2018 14:36

what are market expectations? Can anyone put an actual broad-brush number on any of it?

[shaker44] 21/8/2018 14:05

they said less momentum than H1 but will meet market expectations fy.
dont think you will find better

[elway1] 21/8/2018 13:41

what did the say they planned to make in 2h? What is the target? What is budgeted for? Is it not disclosed?

[sogoesit] 21/8/2018 13:35

What "dollar number"?
Do you know any public listed company that "forecasts numbers"?

[elway1] 21/8/2018 13:10

What is Plus actually forecasting for 2H? What is the actual dollar number?

To repeat: 2H their forecasts?

Thx

[sogoesit] 21/8/2018 09:57

That advice may be right for you and your investment structure, getting, but maybe not for others. And, tbh, you are one of only a few to question this issue.

You might equally ask why I have an Irish share in my ISA where I lose 20%?
The answer is that DCC is a defensive share, one of three amongst itself, BNZL and RB. that I hold and, even if I lose 20% the overall (on a <2% yield) the gain in portfolio performance outweighs my tax loss.

PLUS500 is altogether different, as a high yield, "growth" stock, and I made a conscious decision not to hold it in an ISA.

Different strokes for different folks?

[chucko1] 21/8/2018 09:41

. Sorry, error in my previous post.

[sailing john] 21/8/2018 09:37

Re tax - also need to consider CGT avoidance in an ISA which given progress from 400 - 1850 over the past 18 months is likely to far outweigh any divi tax considerations if you have utilised your CGT annual allowance.

[gettingrichslow] 21/8/2018 09:34

Sogoesit, I'm not doubting you, but there are a lot of people on here who clearly think that you can't get the 15% back, but if you're correct then the answer is quite simple - don't buy the shares into an ISA! I don't think anyone else has made that point before. If that is right then it's a lot simpler than constantly selling and re-buying. It also brings into question the point of getting the reduction from 25% to 15% if all the 25% can be offset on a tax return doesn't it?

[sogoesit] 21/8/2018 09:21

Here's an article corroborating my case but about US shares where there is a 30% withholding tax on income for foreigners arising from US dividends, reduced by submitting a W-8BEN form to one's US Withholding Agent using the double tax treaty allowances to reduce it to 15%.

The 15% on US dividend income is lost in an ISA however.