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PLUS Plus500 Ltd

1,805.00
-4.00 (-0.22%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Plus500 Ltd LSE:PLUS London Ordinary Share IL0011284465 ORD ILS0.01 (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -4.00 -0.22% 1,805.00 1,808.00 1,810.00 1,811.00 1,781.00 1,781.00 154,030 16:35:17
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Security,commodity Exchanges 832.6M 370.4M 4.6668 3.88 1.44B
Plus500 Ltd is listed in the Security,commodity Exchanges sector of the London Stock Exchange with ticker PLUS. The last closing price for Plus500 was 1,809p. Over the last year, Plus500 shares have traded in a share price range of 1,278.00p to 1,920.00p.

Plus500 currently has 79,368,334 shares in issue. The market capitalisation of Plus500 is £1.44 billion. Plus500 has a price to earnings ratio (PE ratio) of 3.88.

Plus500 Share Discussion Threads

Showing 20751 to 20769 of 25650 messages
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DateSubjectAuthorDiscuss
28/6/2019
14:18
Another lesson learned. Don't invest in the stock market. So angry.
asusasus
28/6/2019
12:24
Yes, that makes sense from my point of view, but I have to mention that financing costs ~1% of the position per week. It is 12% per quarter. And most of the traders tend to close positive position in a small gain. Overall, yes crypto currently produces losses for plus500 but the magnitude is much smaller than this analysts anticipates. (Check out the traffic volume compared to the winter of 2017-18.) I estimate that the new customers number will be around 30k.
babyborn1261
28/6/2019
10:22
It looks to me like that analyst, who is against plus500, is saying they still are in store for a p/e 6.6 and a div yield of 9. That would be brilliant if that was the case wouldn't it ?.. Or have i read it wrong ?
18steven
28/6/2019
10:20
Thanks for sharing babyborn this is what was said by that particular analyst "canacord"...

The leading cryptocurrency index, the CRYX (www.cryxindex.com) shows continued strong growth in the worlds leading currencies. The Index is currently +7.2%, implying a 40% gain in June'19 and +205% since the start of the year. As it sets new YTD highs we think it is fair to
assume it will have triggered interest and aided new client sign-ups at both these companies.
However, clients tend to be long so such strong gains are unlikely to have been helpful to the
Market P&L's. We are happy to re-iterate our SELL recommendations on both stocks. IGG trades on a consensus FY20 PE of 14.0x, falling to 12.6x and yields 7.4%. PLUS trades on a CY19 PE of 6.1x, rising to 6.6x and yields 9.8% falling to 9.0%. Our EPS forecasts are 29% below consensus in CY20.

18steven
28/6/2019
09:45
I checked it out on my Bloomberg
and I found out that Plus500 was falling because an Analyst from Peel Hunt said that the company is facing uncertainty due to the new regulation environment. The analyst also initiated a PT of: 5,25
Don't fall for this. This analyst has no sense for this stock.

babyborn1261
28/6/2019
08:13
Not far off the 500 I called. Hit 512.Market mafia are absolute dogs keep some cash available just in case they retest the 52 week low guys
sbb1x
28/6/2019
08:05
Cheers pal. Just what I need.
asusasus
28/6/2019
08:04
You not sold yet then.....? A fool and their money, are lucky enough to get together in the first place.;-)
bulltradept
28/6/2019
08:01
Going below 500 this. I just cannot stomach it.
asusasus
28/6/2019
04:29
30 plus1's today
bazildonbond
27/6/2019
20:32
I agree not impressed by the article the discussion on this board in the last few months has been of better quality.

The point of the impact of the last crypto bubble was the number of new mug punters that the craze brought in.

There may be some customer acquisition this time but I suspect with the new rules it will be limited.

However I believe past performance showed Plus betting against crypto and so the large rise may well lead to a large loss again.

If this time was different the AGM would have been different with some back slapping. That we are told did not happen.

40+ pence fall hmm

fenners66
27/6/2019
19:25
Closed @529 hmm
sbb1x
27/6/2019
17:10
You do know most of the trading this time around is due to institutions and not mug punters right?
zccax77
27/6/2019
16:43
Sharp sell off in crypto in past few hours will help P&L. Cryptos off 10-15% with Bitcoin back under 11000 but still a massive rise in Plus's Q2 which is negative as plus appear exposed to the long side. On the positive side crypto trading costs quite high and leverage for EU non EPC just 2:1. I don't agree with most of the article above especially as he is quoting historic numbers that aren't relevant to current performance SJ
sailing john
27/6/2019
12:48
Why I think buying into the Plus500 share price now adds up
Paul Holmes | Tuesday, 25th June, 2019 | More on: PLUS

The share price of Plus500 (LSE: PLUS) crashed in February, and the reasons were various. Increased regulation, accountancy errors admitted in its 2017 financial report, falling first quarter profits and clients winning their bets caused analysts to downgrade their targets and investors to flee. In my opinion the firm is over the worst, and its share price is now displaying evidence of bottoming out. My optimism also extends to the wider retail betting industry. Let me tell you why.

The Financial Conduct Authority (FCA) and the European Securities and Marketing Association (ESMA), recently clamped down on retail trading brokers and spread-betting firms. After a period of investigation, the ESMA placed strict limits on the leverage clients can use to place their market bets. The rules came into place from July 2018. Many brokers have folded since, both in the UK and wider Europe, after many of their clients stopped placing financial bets. But like all other sectors, the fittest survive. Plus500 is fit and has the right strategy in place to ensure it survives and thrives.

Why the fundamentals and technicals are a plus for Plus500
In my opinion, the various shocks that caused February’s severe sell-off are now priced in. Since collapsing from a 52-week high of 2,076p, the share price has traded in a narrow range for several weeks. Evidence of this range is illustrated by price currently trading close to the 50-day simple moving average. This simplified technical indicator suggests the market sees no reason to downgrade the firm’s value further, after closer analysis of the fundamental data. So let’s move onto those fundamentals.

At the time of writing, Plus500 traded at 600p. With a market capitalisation of £660m, the heady days of being valued unrealistically at over £2bn are long gone. The firm has zero borrowings and liabilities of $51.90m. The firm’s P/E ratio is now 5.27 and the last pre-tax profits up to December 2018, came in at $503m on revenue of $720.4m. Rewind back to the 2014 revenue figure of $228.86m and pre-tax profits of $138.12, and it’s clear to see the improvement the firm has recorded since its July 2013 flotation.

Despite its customer growth finding reverse gear, falling by -4% during 2018, a snapshot of current activity highlights the current performance. According to the firm’s latest key performance indicators for the first quarter of 2019, the current active client number is hovering at 100,000, where it’s remained since the second quarter of 2018. The new client acquisition number comes in at 20,000 during the same period.

One reason I remain bullish about retail trading and the spread betting sector in general is due to my conviction that the industry has created new foundations from which to grow, after the huge shake-up which the FCA and the ESMA caused. In an excellent commentary a month back, fellow Fool Paul Summers also highlighted a reason why the share price of Plus500 might recover: Bitcoin is now up approximately 150% year to date, which can only benefit brokers such as Plus500, who allow their clients to trade crypto-coins.

18steven
27/6/2019
12:34
They could easily report a loss for H1 if Crypto keeps going
hatfullofsky
27/6/2019
12:15
muppet

he was buying this at £11 to cover - he wasnt right at all u idiot

1oughton
27/6/2019
11:57
cmc results were a disaster but yet their share price increased ?
18steven
27/6/2019
11:47
fenners66
21 Jun '19 - 12:53 - 20735 of 20770

Just caught up with the thread again 500 posts but 95% are now filtered so that makes it a lot easier.

Noticed CMC results recently were a disaster

I expect that Plus cannot be much different and then we are told that there was no, NO, update at the AGM !

Its the only time the management get the opportunity to talk directly to all the shareholders , to share what's happening with them. Ok so only a few bother to turn up - but the management have to prepare for all of them .

To go to an AGM prepared NOT to tell your owners how the business is doing is another disgrace.
On top of the "typo" excuses previously and losses on client trading that previously didn't happen.

Total disrespect for shareholders.

On that basis I have no faith in them and speculate that the reason for no update is that the numbers are awful.

Fully expect this to get back to the lows on the next update - their only hope being that there is something encouraging in the next qtr - but if so I would predict they release any good news as soon as they can - unlike turning up at an AGM and saying nothing!



Of course now I am thinking I should have shorted at the time....

fenners66
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