Plus500 Share Discussion Threads

[markyjacob123] 26/11/2018 09:46

Where's the divvy?

[michaeljames1] 26/11/2018 09:42

Have people's IG dividend come in yet??

[bgw1970] 24/11/2018 09:54

erratum: I meant "Jplus says"

[bgw1970] 24/11/2018 09:47

It's not like that. Marketing spend does look like it's down, as you'd expect, for the reason Plus says, but this is about revenues. If you were expecting x revenues and y costs in the quarter, but half way through it you have had 0.7x of revenues and 0.5y of costs, then you have a much higher margin.

[jplus] 24/11/2018 08:19

Rather than original estimate being bad, (they were in line with previous quarter), it's because they have reduced marketing significantly. Presumably because high vol. quarter means that does a lot of their marketing for them, as opposed to low vol. where they have to market harder. This statement is supported by SEMrush data on plus around keywords, which shows a significant decrease in spend this quarter over last. Another example of PLUS agility & ability to adapt to market conditions to maximise returns.

[elcapital2018] 24/11/2018 07:58

its easy when the money comes in like that

[fenners66] 23/11/2018 23:11

So they upped their estimate on sales by £16m and profit by £15m that's a lot of leverage or just means their original estimate was pants.

I like the leverage idea...

[saltraider] 23/11/2018 19:53

Yes for purchases on the LSE DeGiro charge 0.022% of the value of the trade in addition to the £1.75.

But they also cap the total fee per trade at a maximum of £5 ... so it's actually phenomenally good value for large trades.

Hard to beat DeGiro on dealing costs.

[gettingrichslow] 23/11/2018 19:46

Sogoesit, am I right in saying Degiro charge a small % on top of the £1.75? Insignificant for small trades but might make a difference for big ones.

[jplus] 23/11/2018 19:03

Correction - the Liberium PAT increase £15m (fat fingers)

[jplus] 23/11/2018 18:31

Message cut off. Cont. Reason my original question is important is, given market has only risen by 100 odd points since the rns, it is clearly not how the market has read this. It appears market has taken the upgrade for what it is a new guidance and PAT 52 hasn't been reached yet. Was wondering others thoughts, I personally think they hit that number before 20th and so there is a very good chance Q4 sees PAT above 90m & rev. 140m or higher.

[jplus] 23/11/2018 18:26

No I am not on the wrong thread, I'm talking about Q4. Liberium original PAT guidance for for Q4 was $52m and rev $100m (in line with Q3 results)Their new guidance is PAT $67m & 116m rev, after the RNS on tuesday 20th. That is a tiny increase of $16m of PAT. The question is does the market think we hit $52 PAT Q4 on before the RNS on 20th November 34 working days into the quarter, with 25 working days left. I.e an average profit per working day of $1.44m (given low vol for first 8 days of month & KPI's increasing the longer vol & quarter goes on that number should now be higher), but assuming 1.44m -10.4 days until next rns from 20th 3/4th December.

[sogoesit] 23/11/2018 17:39

Thanks financethoughts, a good cash generative business imv.
Cash at end June 18 at $512m having converted $272m (net of tax) from $349m operating profit. Pre-tax cash conversion is near-abouts 100% in the last half-year.

PS - Jplus post 16119. I think you are posting on the wrong thread. Profits here are in the $100millions not $10millions.

[jplus] 23/11/2018 16:06

Quick question for those a bit more clued up around the RNS and guiding up than me, when they announced that they guided up & the house broker increased guidance from PAT $52m to $67m & rev. From 100m to 116m. Do you think they guided up simply because they have a clear run to $67m by year end based on profit on 20th Nov or does it imply they have hit house broker original guidance $52m and so had to update the market and guide again.

[alan00] 23/11/2018 14:06

If only they had an ISA account...!

[andrewclarke99] 23/11/2018 13:27

iWeb not paid yet :-(

[burn248] 23/11/2018 13:15

ii paid yesterday.

[michaeljames1] 23/11/2018 13:10

Glad to see someone else not with the IG dividend yet, I accept its generally a bit slower with them...

[metis20] 23/11/2018 12:41

Dividend paid into my ii account yesterday.

[financethoughts] 23/11/2018 12:14

Oops - ADVFN cut me off there.. we want to see EV lower than MCap - in some ways the lower the better so long as cash (or debt) is being justifiably positioned. PLUS EV sitting 25% lower than MCap. CMCX about 8% discount, IGG 15%. Neither competitor is awful, but no patch on PLUS.

[financethoughts] 23/11/2018 12:10

Spot on Sogoesit - forward yield now running around 15%, healthily covered. Always good to see a Co with a healthy EV discount to MCap too - EV as you know a much more meaningful figure as makes allowance for cash/debt levels on top of simple MCap (EV = MCap - cash + debt) therefore we want to see EV

[jim morrison 103] 23/11/2018 11:25

Hi guys now that dividend is payed is it to late to claim back that 10% tax also do you pay tax on the dividend again in uk many thanks

[sogoesit] 23/11/2018 10:29

If you use deGiro they "book" your dividends in advance and then the cash gets booked on the day or a day later.
PLUS's dividends were "booked" about 2 weeks ago and cash credited today.
This gives comfort that they're aware of the dividend and correct amounts.
They also now provide UK centric annual tax reports for capital and income.

(Reminder: their trade costs are £1.75 per trade and they provide margin).

[gettingrichslow] 23/11/2018 10:20

No sign of the dividend in my IG a/c. But they're never quick!