Plus500 Share Discussion Threads

[alotto] 12/2/2019 09:42

Low PE and company in profit.
What was the market expectation and how did it fail to meet it?
I was considering buying but I was waiting for today's results. Gladly I waited

[fenners66] 12/2/2019 09:38

"All amounts stated exclude client funds which are held in dedicated and segregated accounts with tier one banks, and are subject to annual audit and certification in line with best practices. Total customer deposits in the year were up around 29% at over $1.3 billion, with the growth reflecting the increased average number of customers. "

What rate of interest can they attract on those deposits ?

I suspect (don't use the platform) that the interest is not paid to customers for most of those deposits - so that could generate a risk free $20m a year....

[elcapital2018] 12/2/2019 09:32

It will settle around 1000 over the next few days imo

[gbh2] 12/2/2019 09:31

Jumped in early this morning; wish I could have found more cash the share price was way over sold imo.

[elcapital2018] 12/2/2019 09:31

This will drop again from 1200.

[ultimate1] 12/2/2019 09:29

What an astonishing over reaction to a pretty solid set of resukts. I’ve topped up nicely at this mornings prices. It is now on an absurd p e and licences in Japan and America are around the corner

[elcapital2018] 12/2/2019 09:29

HOw does your model think now after a 35% drop? Why waste your time!

[elcapital2018] 12/2/2019 09:23

Someone posted about the buyback. It is strange considering the news they knew. NOt reading anything into that, but it is strange nonthe less

[sailing john] 12/2/2019 09:22

Yes Liquid Kid exactly - I read the entire document before 8:00 - couldn't believe market over-reaction. A fantastic opportunity!
And the profit warning is due mainly to maintenance of ad spend - a positive strategic decision for the longer term imo
My model gave a PE of 6 and a Yield of 10-17% for 2019 at my 1030 buy price!
GL - SJ

[fenners66] 12/2/2019 09:22

"annual churn has fallen significantly over the last three years (from 62% in 2016 to 46% in 2018), and a further reduction in Q4 2018 bodes well for 2019. Importantly, churn amongst high value customers has also fallen materially. "

Still needs to be much lower than 46 %

But 89% of "professionals " trading for >1 year

[elcapital2018] 12/2/2019 09:18

Thankyou noujay. I respect that. If I could trust you not to send to others I would tell you what the rumour is

[fenners66] 12/2/2019 09:18

"riverman77
12 Feb '19 - 09:04 - 17808 of 17811

I see AUAC has rocketed and almost level with ARPU - if it stays like that I can't see how they can generate profit."

They can make a profit if they retain the customers - 101, 634 x ARPU 1523 = $154m turnover

vs the cost of aquiring new at 19,405 x 1489 = $29m cost

It is of course the rate of churn and the level of acquiring new that matters.

[noujay] 12/2/2019 09:17

No fair enough I'll say it. Well done.It seems overdone and your biggie I still take to be nonsense but nonetheless. Your breakfast was no doubt significantly more enjoyable than mine!

[liquidkid] 12/2/2019 09:14

Read way way down...

However, we have seen positive operational metrics since the start of this year, with New and Active Customer numbers and trading volumes currently above the levels seen at the end of 2018. The longer-term impact of the ESMA measures is being partially mitigated by increased deposit levels across this customer segment and falling churn rates.

[elcapital2018] 12/2/2019 09:10

* Following our latest assessment of the impact of the
ESMA regulatory measures, FY19 revenue is expected to
be lower than current market expectations. This,
combined with our intention to maintain our marketing
spend, is likely to result in 2019 profit being
materially lower than current market expectations;

[elcapital2018] 12/2/2019 09:07

im out for now it will probably bounce a bit. ANother massive profit

[elcapital2018] 12/2/2019 09:07

This isnt even the news that the hedge funds expect. Still more to come if theyre right. Must have had some problems with cashflow lol. Maybe the source has dried up and no these are real profits

[elcapital2018] 12/2/2019 09:04

Good morning ladies

[riverman77] 12/2/2019 09:04

I see AUAC has rocketed and almost level with ARPU - if it stays like that I can't see how they can generate profit.

[sogoesit] 12/2/2019 08:47

Yep, going to be an interesting year ahead!

[sailing john] 12/2/2019 08:46

I've just spent the last half hour buying.
Average around 1030 at a guess - lots of trades
GL - SJ

[hatfullofsky] 12/2/2019 08:39

Ignore the noise, the panic and the bashers

[mister md] 12/2/2019 08:36

seems the founders are the only winners here ?


Lucy Burton, financial services editor
6 SEPTEMBER 2018 • 8:46PM
Follow
Plus500's founders have sold £145m worth of shares in the business weeks after warning that the trading platform's record run was coming to an end.

Five of the businessmen who set up the Israel-based firm a decade ago have decided to halve their stake in the company "in response to significant demand from a small number of institutional investors".

The company told investors on Thursday that the founders also chose to sell 9.4m of their shares because of "their desire to diversify their investments whilst raising funds for personal reasons".