Plus500 Share Discussion Threads

[s_a_b] 23/10/2018 08:41

On a first glance all looks positive, and good they are already bullish on Q4. The share buyback programme is a great idea and as a PI it works far better for me than dividends due to the withholding tax issues. At the current valuation I would like to see them be very aggressive with buy backs - would give the shorts something to think about!

[elcapital2018] 23/10/2018 08:29

1252 averag

[chris_engel] 23/10/2018 08:09

If $100m for Q3 includes two months of ESMA, then my worst case estimate is that revenue with ESMA was around $25m a month. EBITDA margin of 50% and assuming no growth and no increase in volatility gives you $37m EBITDA for a quarter. Assuming a net profit margin of 44% then you are at a current run rate of $33m net profit for a quarter, or $132m for a year. This equates to 1.15 USD per share, or around 89 pence per share for a year.

This means that at the current run rate of profits, Plus trades at a p/e of around 14. (Assuming no growth, no change in volatility, Sterling rate of 1.30 USD)

[michaeljames1] 23/10/2018 08:09

Main problem will be I bet there is a lot of weak holders here today who will have been holding hoping to get out on a decent update.The update was alright, but let's be honest, current expectations were so low that if they weren't ahead the share price would have been hit hard. Potential for some rise today, but I think there will be a lot of selling into it by those that have been waiting for an update since the £20 days.

[elcapital2018] 23/10/2018 08:03

Im shorting again this morning. Legging in

[elcapital2018] 23/10/2018 08:03

I never said that was gong to happen today

[noujay] 23/10/2018 08:01

Looks like it isn't going to cease as a going concern then. What a relief!

[elcapital2018] 23/10/2018 08:01

Incredible!!!!!!!!!!!!!!!!!!! The house broker writes something positive about the company it gets paid to promote!

[elcapital2018] 23/10/2018 08:01

Incredible!!!!!!!!!!!!!!!!!!! The house broker writes something positive about the company it gets paid to promote!

[elcapital2018] 23/10/2018 08:01

Incredible!!!!!!!!!!!!!!!!!!! The house broker writes something positive about the company it gets paid to promote!

[elcapital2018] 23/10/2018 08:00

no it isnt.

Nothing spectacular with te results.

[bulltradept] 23/10/2018 07:53

The only thing which might dampen today's stellar update is overall market conditions...

[podgyted] 23/10/2018 07:45

Liberum

"This was the trough quarter post ESMA, and there was no
following wind from volatility, but the company still beat,
and continued to invest to acquire stickier, high value,
European and Australian customers, as its brand now
makes possible. We raise 2018 estimates by 6% and keep
2019 where it is. The company makes clear that trading has
improved into Q4, and that, at normal volatility, Q3 would
have been 30% higher. Upside/ downside exceptional from
this valuation, giving a massive margin of safety."

They seem to like it!

[elcapital2018] 23/10/2018 07:44

hussy

as you dont know what i refer to as the biggie, you cant comment. That would be stupid

[elcapital2018] 23/10/2018 07:43

Of course not.

Have to be very disapointing result for tou financial thoughts after all your forecasting!

Another down day

Ex growth

City dont like it

[nurdin] 23/10/2018 07:40

Dont think anyone was expecting a blockbuster update...on the contrary ,most were concerned about the severity of the ESMa effect.

[hussyo] 23/10/2018 07:34

Been away for a while and it now seems this board has become civilised:)

The 'biggie' people refer to on all of these boards, and there is a 'biggie' on almost every stock thread, is a sort of McGuffen - an illusion to suit a narrative.

This isn't a blockbuster update, and what happens at 08.00 will depend on which aspect of it the market wants to focus on.

[andrewclarke99] 23/10/2018 07:32

Chucko. They have started reducing but they may have been bagging some profits as IGG price has taken quite a big hit recently. Not as much as plus but I can see that changing today

[andrewclarke99] 23/10/2018 07:26

SB666 or whatever you are now posting as... is this your biggie you speak of?

[chucko1] 23/10/2018 07:26

Not just a hedge on IGG? They have just begin to reduce it.

[davebdavid] 23/10/2018 07:25

Is there enough meat on the bones for a healthy increase in the sp?
Lots of positives but considering Esma only accounted for 2 months, what would the figures have been with 3 months esma regulations. It is clear volatility is what we need and confidence is coming out of the statement but dare i say the next quarter update may be more important than this one?

[andrewclarke99] 23/10/2018 07:25

Volatility is the key and with Trump at the top and Brexit only a few months away .......

[andrewclarke99] 23/10/2018 07:24

And also noteworthy........ The board continues to believe that the introduction of the measures will reduce the number of its competitors, enabling it to gain increased market share at lower acquisition costs.....so Odeys short on IGG not just a hedge

[financethoughts] 23/10/2018 07:21

The Group achieved strong margins in the period and continues to demonstrate its ability to generate high return on investment. EBITDA margin in the nine months ended September 2018 was 71% and in Q3 2018 was 50%