Plus500 Share Discussion Threads

[anley] 28/1/2014 12:37

We do not know who the seller or sellers were - not yet until we get an official notification via the SE.

The 4 private shareholders are:

Shimon Sofer with 10m+ shares
Elad Ben Izhak with 10m+
Omer Elazari with 6m+
Shlomi Weizmann with 6m+

and at the time of the floation they all sold a few million shares EACH - top slicing and that in my view is what has gone on again but who did it?

The Board of Directors has 33%

The plot thickens for us........

That is how I see it............

[nw99] 28/1/2014 11:47

Tempted to buy back in looks stable today

[opodio] 28/1/2014 08:43

hungry to get to 330p

[madmix] 28/1/2014 08:25

Yesterday's volume was 10m+, yet BQ Soft only sold 1.5m as far as I can see.

But there's no sign of an overhang this morning, with the shares bouncing nicely.

I bought in yesterday FWIW.

[cfro] 28/1/2014 08:03

Now we know who the seller was, but who is the buyer...

[nw99] 28/1/2014 07:58

Let's watch for any RNS in case they continue to sell more

[nw99] 28/1/2014 07:57

If there was a buyer other than the market the stock would not have tanked let's face it

[5oletrader] 28/1/2014 07:35

I don't think it's a question of how much more are they going to sell... The question is - who are they off loading them to?!? Obviously a buyer in the background!

[nw99] 28/1/2014 07:05

BQ reduced holding from 8 to 7% hence weakness Wonder how many more they are going to sell

[opodio] 27/1/2014 20:51

overhang gone, big surge tomorrow imho. dyor

[doctorjohnson] 27/1/2014 20:36

That's interesting Aishah. You're right, sorry, it's about 8%, not 12.7%.

With OPEY is was an accelerated book building though, announced in the morning. No announcement from PLUS today. I don't know if it can be a placing – just not sure on the rules for publishing trades from a placing.

[doctorjohnson] 27/1/2014 20:03

Good post Anley. I'm trying to work out what these trades are. 9 million shares is 12.7% of the company, so is not one of the fund managers you listed. It could be a combination of them but I think it's highly unlikely. So, that leaves the big private holders.

Someone must have bought these shares today. I find it impossible to believe that a market maker has taken them on his books. No market maker in his right mind would take on that much stock without a buyer lined up. He'd get sacked.

All I can think is that a very large private holder or a syndicate of private holders arranged to sell these to a buyer at a discount, and the deal and the price got leaked around the market before publication. Hence the shares heading down to these levels. Either that or is some sort of fund-raising by the company (diluting shares), but are trades from a placing published prior to the announcement? Are trades from a placing even published at all? I'm not sure about that. Anyone know?

[aishah] 27/1/2014 19:49

OPAY had a secondary placing whereby an early significant (25%) holder exited. They have a broader range of investors on board now. Drop here on huge volume and no news

[43rick] 27/1/2014 19:36

Do not forget the 20th Nov 2013 RNS

"The Company now anticipates that revenues for the year ending 31 December 2013 will be significantly ahead of market expectations."

About 8% of the PLUS shares were traded at 265p after hours today. A similar situation occurred with OPAY yesterday when about 25% of the OPAY shares changed hands at 365p after a fall from about 440p peak over a week or so.

OPAY has now bounced back to around 395p today having fallen to around 367p yesterday pm.

[aishah] 27/1/2014 18:51

Below 20 and 50 SMA now.

[opodio] 27/1/2014 18:45

Plus500 Ltd. (AIM: PLUS), a leading online service provider for retail customers to trade CFDs internationally, will announce maiden preliminary results for the year ended 31 December 2013 on Wednesday, 19 February 2014.

[anley] 27/1/2014 17:55

Well we will see within the next day or two if any of the following shareholders sold - all or part:

Investec 3.39%
Hargreave Hale 3.44
Newton 3.90
Odey 3.97
or 4 other private shareholders who held between themselves 32m shares

So at 265p and with over 10m shares traded today is this the new bottom? If so then I am buying back my sale at 330p.

That is how I see it............

[43rick] 27/1/2014 17:07

about 9 million shares traded at 265p after hours today - indicates the reason for the drop in share price in recent days - a large holder has offloaded and presumably the shares have been placed with other investors at 265p

[interceptor2] 27/1/2014 15:25

Worth remembering how scalable this business is, what the Americans would call a "cookie cutter". They have a worldwide market to take advantage of, and have the cash to expand. I am in Spain at the moment, and see PLUS are advertising on many of the financial websites that I use, the same in France too.

As Davidosh has pointed out, their trading update was 6 weeks before the end of the financial year end, so we could still see a pre close trading update before the full year.

ic2...

[druinsky] 27/1/2014 14:53

Wall street moving up, punters must be opening new positions and PLUS will benefit

[cfro] 27/1/2014 14:35

...but we also need to hope they have decent levels of customers left if they lose their shirts too easily....

Good point,

i dont suppose there is ever a shortage of stockmarket trader cannon fodder for the likes of PLUS. :-)

But seriously, it is the company's customer retention capability that is important and the main way of keeping customers for them is by having strict and automated stops in place on the CFD's, so as losses are kept to a 'minimum' and traders can live to fight another day.

Had some more myself down here too.

[davidosh] 27/1/2014 13:39

I agree totally with you guys and one would expect they are doing increased levels of business but we also need to hope they have decent levels of customers left if they lose their shirts too easily with the volatility.

I have started adding again as well.

We should also remember the year ended in December and yet they said this in November..

The Company now anticipates that revenues for the year ending 31 December 2013 will be significantly ahead of market expectations.

If they keep the growth going then they could be on a single digit p/e after the next update to forecasts and they do pay a very healthy dividend so it will get bought back up once confidence reappears again

[interceptor2] 27/1/2014 12:55

The thought had also crossed my mind, that PLUS would be likely to benefit from a more volatile market. Full year results not far off on the 19th February, and they should be rather good looking at the wording of the last trading update in November. "Will be significantly ahead of market expectations"

Wonder if we will see a pre close trading update?

ic2...

[nurdin] 27/1/2014 12:29

Had a few myself :o)

[wjccghcc] 27/1/2014 12:10

Agreed. Just added some.