Plus500 Share Discussion Threads

[chucko1] 29/11/2018 11:49

There is not just one way to go, even if you think it’s gone up too far, too fast. It can drift, and the technicals will move away from being overbought. This is exactly what happened in May and June of this year after a move from 1100p to 1600p.

[davebdavid] 29/11/2018 11:25

Welcome back Elc!

[doomongor] 29/11/2018 11:20

Looks set to fall soon if you ask me... the share has risen too much too quickly and there's only one way to go. My Fibonacci also agrees with that of Odey. I paid my dividend back to my short provider and now I'm ready for this journey down.

[sogoesit] 29/11/2018 10:27

Unsurprising you missed out on Fibonacci; he died in the 13th century round-about 1250!

[chucko1] 29/11/2018 10:15

Worth having a think about what happened to INTU today. A stock that Odey significantly called to fail, despite the three bids tabled the past year or so. In fact, no one seemed to question the most recent bid apart from Odey who have a decent (by far the largest) short on it.

The relevance to PLUS is tangential, but Odey’s strong suit is its deep and uncompromising research on mid to large caps (not mega caps), and to me at least, their analyses are really impressive.

They have researched PLUS as deeply as just about any other stock they have, and are fully aware of the reasoning behind the short theses - unless the “biggy” has somehow escaped them. This would be surprising given the number of longs and shorts they have in the gaming/betting/CFD space, something, therefore, that is hardly of passing interest only.

By the way, I am not aware of Fibonacci having been mentioned in Odey’s analysis. Perhaps that’s where they got it wrong. Darn it, I should be more open-minded.

[sogoesit] 29/11/2018 10:02

Chart looking good for 1520 soon then 1630/1650 area.
One of my rare succesfull timings... if I knew how I would be trading this and losing money. Unfortunately, I'm a LTH. Lol!

[metis20] 29/11/2018 07:12

Yesterday's share repurchase at wav 1426p

Second time the repurchase has been above 1300p

Aggregate number of ordinary shares of ILS 0.01 each purchased: 10,000
Lowest price paid per share (GBp): 1,414
Highest price paid per share (GBp): 1,433



£1.035mn (excluding expenses) of that initial $10mn has been used to date.

[sogoesit] 29/11/2018 02:27

Do my filtered friends have bank accounts?
I thought all the “smart money” was in Bitcoin! Just something that really could go to zero.

[chucko1] 28/11/2018 18:09

I think it far more likely they went short on the August earnings, not on the zero thesis. Unless one can argue some connection ...

[gettingrichslow] 28/11/2018 17:49

Given the price ElCap went short at, he'll be 'looking at zero' when he checks his next bank statement!

[noujay] 28/11/2018 16:57

You really are comedy..looking at zero!!

[elcapital2018] 28/11/2018 16:27

you idiot!

[gettingrichslow] 28/11/2018 15:50

Waste of time worrying about what El Cap is on about. Remember a few weeks ago when he said that the most shorted share of all, Pets at Home Group was in big trouble? Shares up over 10% since in a falling market!

[bgw1970] 28/11/2018 15:42

Berenberg, Canaccord and Autonomous also cover Plus500

[tomleafs] 28/11/2018 15:38

Well they appear to be the only ones covering Plus from a research point of view so it would be more careless to simply ignore all the information they produce, wouldn't you say so? Would appreciate if you could elaborate on your concerns - what nefarious antics are they up too that they've kept so well hidden?

[elcapital2018] 28/11/2018 15:28

you idiots that take notice of liberum, are.................idiots. you lot need to be very careful here

[sogoesit] 28/11/2018 12:00

I'm still buying this stuff, whatever it's called, in the 1420's...

[metis20] 28/11/2018 11:50

Sept 6th - 9.39mn founders shares were sold at 1550p. The share price prior to the intraday announcement was around 1620p. The share price dipped on the announcement to about 1540p but returned to 1600p at the end of the day.

So, if history repeats itself and if the founders aim to sell all of their remaining 8.7mn shares, there should only be a temporary dip in the share price It may well be that those shorting the share will be keen to reduce their short (in view of the recent positive trading update and share repurchase tactics)by subscribing to a placing of founders shares. The 90 days is up next week.

Subsequent to the founders Sept 6th sale, by 8am on Sept 7th - Credit Suisse had placed another 11.4mn (approx. 10%)at 1540p. Over the next few days the share price dropped to 1400p, no doubt helped by an increase by about 1% in shorts above 0.5%

[gettingrichslow] 28/11/2018 10:58

Chucko, I agree with every word of your post. I did try to sell some snake oil to that clown but he never came back to me unfortunately!

[chucko1] 28/11/2018 10:29

Dave, my own view is that I could not give a damn. Let’s suppose I take a bull view of PLUS, then it’s a long term view and a drop of 100p or whatever because people fear what other people fear about the final owners’ sale means nothing to me. In any event, it’s so well signalled (the risk of sale), that there is a reasonable argument that this is already ‘in the price’. There’s a bunch of guys who’ve shorted this thing, possibly taking into account the past and future owners’ sales - if they had not done so then I reckon this share price would be about 200p higher. Of course, they are also taking into account the possibility that this thing has gone ex-growth and that the consequent balance of risks has shifted. They see other risks that appear to have been marketed to them so it will be interesting to see to what extent they feel comfortable sticking with these views at the same time that PLUS accrue decent income and repurchase their own stock at higher prices.

Not quite sure what happened to that “I’m too clever for my shoes” statistics/Fibonacci bloke whos secret sauce told home that there would be a week of consecutive 20p decreases on the share price We’re 4 days in and the share price is actually flat - and, by the way, Fibonacci is not statistical, anyway (it’s mathematical/hocus-pocus - take your pick).

[davebdavid] 28/11/2018 09:41

I know I have asked this before but cannot find a reply. What are peoples thoughts on the (possible) drop when the owners sell? Do you think this is already priced in or could we potentially see a fair drop early next month?