Plus500 Share Discussion Threads

[brucie5] 11/9/2018 11:28

Well my finger's poised on the buy button, as that 12% dividend, if sustainable has got to be an outer, and it's sitting almost directly on the 200sma, and seems to be very highly ranked by those folks at Stockopedia.

So why don't I?


Call me a chartist fool, but I simply don't like the way it's sitting beneath the 1500p threshold, and has failed, despite the above, to recapture its mojo. Any fall from here below the 200 would surely have 1000 in its sights, at which level it might become very compelling. Perhaps those wretched shorters see the same thing?

[sb888] 11/9/2018 11:26

Some up and downs, but up another 1% overall on the shorts, was 5.16% yesterday

[chucko1] 11/9/2018 11:21

June 18, 2015. In the FT, Plus500 is described as a “troubled company”. Odey has a 19% stake at that time, Playtech has bid 400p and financed the purchase via their own share placing. At that time, Plus500’s management owned 36% of the shares (now 8%, as we all know) and recommended the deal. Odey rejects the deal calling it “materially undervalued”, but only luck prevented it occurring.

This is saying a lot, when we now look back. At that time, the owners were happy with 400p, irrespective of the fundamental value of the company. They had little idea of its true value and prospects, and today, nothing has changed. They don’t run the company and simply want out so that they can pursue other things. Forget about them and their reasons - it’s the current management and the various share incentives that they have that one should be focusing on.

It’s also worth reminding ourselves of the reason for the troubles in 2015, and that is simply that the KYC/AML checks that Plus500 had done were illegible owing to some minor technological issue. But they HAD done all the correct checks and once I had discovered all this, it made me wonder what on earth all the fuss was about and I, like Odey, really wanted the takeover to fail. 400p was simply opportunistic by Sagi and he had more than 50% of Plus’s votes in the bag - what did they know? Not enough to make a reasoned investment decision, it would seem - overtaken by fear.

But look on the bright side, Plus 500 is the perennial hated child so for those with a bullish slant on this, it’s always on sale.

Considering the issue of various funds going short of Plus500, there are now 8 of them totalling about 7%. Performance of long/short hedge funds the past two or three years has been hopeless. Pretty close to zero return so basically random. They will get some right and some wrong, but I really would read very little into it. In fact, it seems to have been the short positions that have caused them problems rather than bad longs. That said, some of the shorts have done very well (Carillion), but then you get some wrong like Ocado and Amazon etc. which severely punishes you. Is Plus in that category, I wonder? (I don’t really put TSLA in that category as it isn’t a share - it’s a cult).

[hussyo] 11/9/2018 10:06

fenners... that gave me a chuckle. It's the thing with the 'Oracular' funds who short, the assumption being they know something. Some were short from May, and I hate to have seen their P&L in the first week of August.

[rackers1] 11/9/2018 10:03

ExactlyPig filth sb888conveniently forgets those facts.

[fenners66] 11/9/2018 10:01

Founders selling at 115p certainly didn't know something we didn't.
And again at 500, 650 1100 etc

That points on balance to either 1550 is another in a long line of mistakes .... or even they get lucky sometime....

[hussyo] 11/9/2018 09:54

Perhaps what they like is the idea of $140 million bucks?

[sb888] 11/9/2018 09:31

Depends on why they were selling. Perhaps they know something you lot dont.

[aakash30] 11/9/2018 09:22

Nothing new on there, and FT has always been negative on Plus. A comment on there highlighted the other side:

a) founders sold at 115p, 500p, 650p, 1100p, 1550p (so not a good indicator historically!)
b) Daniel King, NED bought recently at 16.5 and Penny Judd at 15.12

And no mention about valuation

[sukulam] 11/9/2018 08:22

Did anyone read FT yesterday as apparantly there was an article in the Lex section?

[hussyo] 10/9/2018 16:15

There will likely be more of these going forward - where, after all, did 20 million shares go??

[noujay] 10/9/2018 15:54

Up from 4.07 per plus website

[nickwild] 10/9/2018 15:48

RNS

Old Mutual Global Investors (UK) Limited 5.35% plus 0.38% financial instruments

[davebdavid] 10/9/2018 11:43

Costax, why don't you appear on their thread?

[costax1654x] 10/9/2018 11:07

Sbtx RNS can land any time.Big rerate coming 34.5 short term.Have a look you won't regret!

[davebdavid] 10/9/2018 11:07

Thanks for that. Really looking forward to the q3 update. I suppose until we have this information its going to be a bumpy ride.

[hussyo] 10/9/2018 11:02

Dave...It's an obscenely volatile stock driven primarily by sentiment, so support/resistance lines are impossible to find. What s got to be said is that it's been a mega growth story so far, and management come good with the numbers time and again.

[sogoesit] 10/9/2018 10:58

Short term resistance 1650 to 1690 imv.
(Charts)

[davebdavid] 10/9/2018 10:32

Seems to have settled a little, not sure if now is the time to jump back in. Any thoughts to a resistance level?

[rackers1] 10/9/2018 09:52

No u don't u pathetic dwarf liar U posted a full 40p lower than where u said u shorted moron

[sb888] 10/9/2018 09:42

the difference is i post when i trade. You dont

[davebdavid] 10/9/2018 09:31

Yes, credibility is going down the pan I'm afraid. On that note, I bought at 3 sold at 20, shorted from 20 down to 14.62 then sold, ooooooohhhhhhhhhhh look how great I am.

All my predictions were right as they always are with this one...........................................................................There, its quite easy to big up !

[villarich] 10/9/2018 09:26

"say what you like. If you are so clever why have you watched as the share price falls 25%? You have no credibility so best to keep quiet sunshine"Hang on, if you're so clever, why did you also watch it fall 25% before putting your short on? Anyone else on her could say those exact same words to you and it would be equally as valid.

[rackers1] 10/9/2018 09:13

He isn't. But you are pig filth. I'll give you that piece of advice for free