Plus500 Share Discussion Threads

[davebdavid] 21/9/2018 20:26

Sb888 you really are an idiot. I would love to meet you in person. Kids like you hiding behind computer screens are exactly what's wrong with the world today. I've actually unblocked you now as enjoy reading how sad people can be. It reminds me how lucky I am to have a life. Thankyou for that. I give you permission to have a go at me. Do your best and enjoy yourself.

[sb888] 21/9/2018 19:06

i know it is, im not saying anything different you idiot

Ive said im not trying to make you sell your shares, what is so hard to understand about that?

They voted for brexit because of people like you.

[brexitplus] 21/9/2018 16:28

I don’t believe that what I do with my holding is, or should be, any concern of yours.

[brexitplus] 21/9/2018 10:24

Villarich

Quite right. Shorting not important. Shorters can be wrong as well as right. They just try to scare investors into selling.

[sb888] 21/9/2018 09:41

up again from 6.75 to 6.84% for short over 0.5%

[villarich] 21/9/2018 09:38

The same share price movements have played out this last week. Price drops 20-30 points in first 30 mins or so, then bounces back up a similar amount. Easy money for day traders.

[brexitplus] 21/9/2018 09:08

Chucko1

Re hedge funds, they often get it wrong. Some have been horribly wrong and lost a packet. They are just gamblers with huge egos. Some funds have collapsed.

[brexitplus] 21/9/2018 06:32

Chucko1

I can’t disagree with your argument.

My perspective is that Plus and IGG are different, particularly re binaries, and yesterday I learnt nothing new about Plus. In the current market even companies with goodish results are marked down, but it doesn’t mean there are major problems, and good companies adapt.

Hedge funds I think are a bit like sheep.Egos are so big that if one shorts the others think they are missing something and do likewise.

Plus is only a very small part of my portfolio, so I can afford to be bullish. I held PTEC for a long time, made a big profit, and got out when the news flow was increasingly negative. I don’t believe Plus is anywhere near that stage. Of course I could be wrong. Only time will tell.

[chucko1] 20/9/2018 23:38

Brexitplus, there are certain days which are more important than others in terms of direction of travel and understanding the market’s reactions to the new facts. Today was such a day and increases my understanding (perhaps) of the strength of feeling of the bull case versus the bear case (not the facts, I agree).

I am a long termer like you (seemingly with similar sorts of investments), but if I can derive information from market reaction, even improve my average entry price, and if I actually can find the time to do it (I was not busy today!), this stock offers more than most others in terms of intraday “value capture”.

This is not really a Buffett or Fundsmith stock. If it was, they’d own it (actually, too small for WB)! So would LT. There is a piece of research I have seen which asserts that there is a potential disaster waiting for PLUS, and in some respects, it appears credible (hence I asked SB certain questions that he has not yet responded to!!). The research (were it correct) renders the valuation and past performance irrelevant as well as other facts that many on this BB remain comfortable with.

That said, I have also read Odey’s research into this over the years (I own a slug of PLUS via their funds) and see it as far superior, and diametrically opposed to that of XXXX. In fact, I would go so far as to say that the bear case research was laughable garbage in many respects, but 7 separate hedge funds shorting this the past month has to be respected (but not feared as I have often previously stated).

You could be wrong and I could be wrong, but on PLUS - more than any other stock I own - I want to know as soon as possible if I am indeed wrong. Much more than any other stock I own (repeats!).

[brexitplus] 20/9/2018 20:47

Yes, I’m one of them.

[sb888] 20/9/2018 20:19

There are some that think it doesnt really matter what happens in the market, the profits will keep coming through

[brexitplus] 20/9/2018 16:58

Chucko1

Not for me. Just a normal day with IGG sentiment thrown in.

I don’t have time to sit there all day trying to analyse every twist and turn. I’m more a Fundsmith, Lindsell, Train, Buffett investor. Buy and do nothing unless the investment case changes. For me nothing much has changed.

[chucko1] 20/9/2018 16:51

Brexitplus, in the end (close vs. close), nothing abnormal. It was what was going on during the day that was notable.

[brexitplus] 20/9/2018 16:35

Today was just normal volatility for Plus. IGG on the other hand .....

[chucko1] 20/9/2018 15:00

These price lurches coincided with some pretty clear increases in volume. Time will tell. We are at 1.4mm traded today and shorts have tended to increase by circa 200k or so.

[chucko1] 20/9/2018 13:58

Price action today suggests (I could be incorrect on that) HFs increasing shorts, met by index trackers soaking up the selling. One or two violent lurches out of the clear blue sky.

[poolefox] 20/9/2018 13:40

Very good sign that plus is recovering despite the IG results.FTSE250 entry on Monday and results significantly better than IG on next TS

[dumbbunny] 20/9/2018 13:29

dl6789, it could be ESMA related but the thing is 5,000 fewer customers (new and existing?) turned up to trade in Q1 than a year earlier. They didn't turn up to trade, not once in the quarter. Not even into the two months prior to ESMA when the new rules weren't applicable.

This indicates to me, the drop in active IG Groups active customers, was happening before ESMA and not so much because of ESMA.

IG Group only acquired c. 39,000 new customers in 2017/18, a significant fall (-30%)from the 56,000 of new customers in 2016/2017. Is IG attracting sufficient new customers, of sufficient lifetime value, to replace the value of those that are no longer trading?

IG Group's UK and EU ARPU levels held up well in the quarter and appear not be have been affected particularly by ESMA - yet. And why would they fall much at this stage, ESMA is only one month of the data. averaged over 3 months.

You would expect to see falling ARPU levels if reduced leverage was having an overall detrimental effect. We haven't seen this is Q1. Why not?

The lower Q1 revenue has come about because of a reduction in active customers year on year. Perhaps next quarter it will be because of lower ARPU, as ESMA reduced leverage lowers trading volumes for the full 3 months.