Plus500 Share Discussion Threads

[togglebrush] 18/10/2018 14:17

FWIW Trading Update on Tuesday is listed as expected on London Stock Exchange site

[chucko1] 17/10/2018 11:34

Gorilla, you are of course quite correct. It should be toned down a bit, but there is still some value in any post (absent of needless repetition).

[stuffee] 17/10/2018 11:23

I agree with ElCaps's suggestion that the City has consistently underrated Plus (personally I prefer buying the underrated to the overrated). I challenge his (or her?) suggestion that the "sp has under performed for years" - the share price has increased ten fold from £1.30 to £13 over last five years (I did make enthusiastic post in Aug 2013, 2 on this BB).

I find the continuing suggestion there's something nasty in the woodshed, so terrible no one can describe it, a bit tedious.

I think the market has been rattled by brokers' estimates. Plus achieved pretax profits of $346m in the exceptional H1 2018 and Liberum are estimating $420m for year (Berenburg slightly less). This implies $74m in H2 or an annual run rate of just $148m. If you believe this, Plus is indeed ex growth as ElC suggests and probably bit over priced.

However, feedback from the presentation in Israel to Odey and other institutions, who bought the founders' holding, in early Sept was encouraging, with suggestion that ESMA not hurting as much as feared and great potential from Singapore etc. I also feel that any adverse results from new legislation (such as increases in betting tax etc) normally wears off within around 1 / 2 years. It has also been pointed out that ESMA should have effect of eliminating many smaller competitors, who can not now compete with the required protection of punters' losses, which Plus has always offered.

I feel brokers' estimates are far too conservative and (if I am correct) potentially even miseading.

Anyway, all will be revealed next week with Q3 results.

I'm confident of continuing outperformance with mammoth divis.

[gorilla36] 17/10/2018 10:46

Well perhaps all regular posters and I mean ALL should now take this opportunity to clean this thread up and keep it on topic....long or short and post relevant thoughts and analysis. We can really do without all the personal nonsense on here.

[villarich] 17/10/2018 08:43

"viler knows best as he watched his shares fall from 20 to 13."For someone who's always right you're spectacularly wrong here.I held from 4.50 to 17. Sold at 17. Sat and watched it go to 20, then down to below 12. I bought back in last week at 12.60.

[gettingrichslow] 17/10/2018 08:33

Noujay, you are spot on. There used to be a boy at my school who'd say "Have you heard the rumour?" to you, and then refuse to tell you. He got beaten up eventually. I have suggested to our online equivalent here that he should get a girlfriend, I think that would help him considerably.

[davebdavid] 17/10/2018 07:56

Quite a good link (from 2015) explaining the rise and first fall of Plus500 for those who don't know the history. There marketing strategy was like something never seen before in this sector, they really did create a ripple.

I suspect what people don't like about them is the fact that they are very slick and have the tools to push way on past their competitors.

[metis20] 16/10/2018 22:19

The company has made it very clear that in its opinion the growth TREND will continue to be positive in the medium term and beyond. Q1 will merely be seen as an extraordinary spike in that long term positive trend line. The expected dip from H1 to H2 cannot logically be used as evidence that PLUS has for ever gone ex growth!

There is one very negative poster here - agenda?

[noujay] 16/10/2018 21:56

And what, precisely, are the suspicions about income then?

[elcapital2018] 16/10/2018 21:25

just because it hasnt been valued as a growth stock, which is due to the suspicions about the income, it doesnt mean it wont suffer now it has gone ex growth

Why someone would quote historic growth rates as a way to prove it hasnt gone ex growth which the company effectively stated, is beyond me.

Some very naive punters here

[metis20] 16/10/2018 20:41

Remarkably the P/E has always been so low that PLUS has never been valued as a growth company - and that in spite of its obvious potential. Looking back through my records, it has hardly ever pushed up above P/E of 10.

[gettingrichslow] 16/10/2018 20:19

Or is he saying somewhere is going to go negative to offset growth elsewhere? It's hard to tell if he only ever says 5 words. Why bother posting if you don't want to articulate your thoughts clearly?

[financethoughts] 16/10/2018 19:49

Perhaps he means that the 94% growth in Rest of World, 128% growth in U.K., 146% growth in EEA, and 590% growth in Australia, seen between H1 2017 & H1 2018, has (in totality) reduced to zero.