Plus500 Share Discussion Threads

[american idiot] 12/4/2019 09:12

The pack of cards continues to collapse here.

Check out that balance sheet !

Deduct the cash on there and theres nothing left.

Group revenue for the three months ended 31 March 2019 was $53.9 million (Q4 2018: $154.8 million)

Ouch !

[creditcrunchies] 12/4/2019 09:04

ESMA killed the cash machine it's got very little to with volatility in reality, these platforms make jack from pro traders plus their numbers are small compared to retail. I've got a break down of the numbers IGG released same pattern this industry isn't as rosy any more

[escapetohome] 12/4/2019 08:50

Invest. Non.
Gamble. Oui.

[hatfullofsky] 12/4/2019 08:48

Thanks Fenners, just spotted that and edited

[fenners66] 12/4/2019 08:48

So traders and gamblers making more from Plus share price this morning - quick profits for some - vs large losses for investors.

[bulltradept] 12/4/2019 08:47

Oh well called that one wrong, sorry to those who were holding in to the results.

[fenners66] 12/4/2019 08:47

Hatfull -

"Average user acquisition cost for Q1: $1,230 x 1,230"

Should be

Average user acquisition cost for Q1: $1,230 x 21,306 = $26,206,380

[sunnybeachboy] 12/4/2019 08:43

180m in the bank.Generates 120m per year profit No debt.How much should the market cap be ?

[fenners66] 12/4/2019 08:43

bor491
12 Apr '19 - 08:30 - 19770 of 19772

"what is troubling is:

Average revenue per user for Q1: $550
Average user acquisition cost for Q1: $1,230"


You have to remember they do not "acquire" the whole user base each qtr.
So 21,306 new users will cost $680 each - but the other 76,000 are contributing.

However after previous RNS's about improved trading - just a few months ago - and then the admittance of customer wins damaging profits , this is not investable any more.

Got out around £10 and glad I did.

[hatfullofsky] 12/4/2019 08:42

Average revenue per user for Q1: $550 x 97,921
Average user acquisition cost for Q1: $1,230 x 21,306

$26,206,380 spent on user acquisitions

[hatfullofsky] 12/4/2019 08:31

Cash at YE $315 - $70M Divi - $5 Buy back = $240M

[bor491] 12/4/2019 08:30

what is troubling is:

Average revenue per user for Q1: $550
Average user acquisition cost for Q1: $1,230

this would imply they are losing money massively?

[greatballsoffire451] 12/4/2019 08:29

Odey the new Woodford

[pennywise] 12/4/2019 08:28

Suggestion - please check. If the Q1 expenses are $50m+ there was not much profit or cash generation in Q1?? The interim dividend is not looking very secure? - No position, relucantly got out at £12 (thank goodness). Was monitoring with a view to return - but no longer am.

[volsung] 12/4/2019 08:28

I did say 400p for these

[sunnybeachboy] 12/4/2019 08:24

Close above 500 today650 in just over 1 month.

[markycrispy] 12/4/2019 08:23

Volatility equals opportunities for traders - Will add some IGG today as they look a more solid long term hold - I wish all holders well and hope they recover for you.

[riverman77] 12/4/2019 08:19

They have a huge net cash position so this must presumably put a floor on the share price. Does anyone have an estimate of the latest cash figure?

[markycrispy] 12/4/2019 08:19

why would they have a buy back programme when they knew the figures to be so bad - beats me - wont be touching this for a while

[hatfullofsky] 12/4/2019 08:18

Bounced off 400, let see if that shows some support MCAP now £400M

[jarega85] 12/4/2019 08:17

Ouch! Cost of customer acquisition against revenue is absolutely awful. Surprised it has only dropped 40%.

[fishking1] 12/4/2019 08:12

Trading is on hold

[hatfullofsky] 12/4/2019 08:12

This is a good example of a bad Buy Back - The Company had completed $7.8 million of the previously announced $10 million buyback programme.

Just through away nearly $4M