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
  16.00 2.14% 764.80 764.60 765.20 779.00 749.80 760.00 237,352 15:59:38
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 564.9 394.4 261.1 3.0 867

Plus500 Share Discussion Threads

Showing 21051 to 21075 of 21375 messages
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DateSubjectAuthorDiscuss
15/9/2019
19:21
I think they stopped as they have used up nearly £6.7m for some 900k plus shares. Maybe they will wait for pull back and then buy you never know. I think its overpriced now as there has been no news and it's been going up which is a good thing however dont know what's the fair price when Peel Hunt says reduce with 600, Berenberg says hold with 800 and Liberum buy with 1000.
warik
15/9/2019
12:55
Average of previous 5 days - 5th-11th September - was 712p 5% above that average is 748p - so could have paid up to 748p on 12th September according to the 5% rule - but max paid was 740p. Buyback stopped on 12th at 13:28hrs with a 739.8p purchase. Closing price on 12th was 750p Looks as if cap on buybacks on 12th was 740p.
metis20
14/9/2019
18:30
This is in the FCA handbook on buybacks
monty456
14/9/2019
18:24
As part of the rules the company cannot pay more than 5% above the average of the last 5 days. the
monty456
13/9/2019
08:02
Again interesting - Yesterday's total vol was about 900k and the buyback volume was 7k The smallest daily vol since the 2019 buyback started (apart from that odd first day) was on 9 Sept. On 9 September the total volume was about 500k and the buyback volume was 43k. Maybe your idea of a share price cap that changes from day to day may be part of the formula.
metis20
13/9/2019
07:51
Thanks - hadn't looked back at other days - I suspect it isn't that simple to unravel the formula and likely to include a variable volume cap based on some percentage of trades. Edit could be 742p of course! (looking back at your link - no time to review other days) SJ
sailing john
13/9/2019
07:13
sj - interesting idea but they were buying above 740p on 22nd August 2019 Https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/PLUS/14198189.html However - does the buyback target vary from day to day with an ultimate buyback target share price value of a set amount? That overall target was 800p for the 2017 buyback. It looks as if the max. daily permitted spend is £500k for the current buyback.
metis20
13/9/2019
07:07
Metis - I think the buyback price cap yesterday was set at 740p as they were all at 740 and below and bought when the price dipped below 740 at 1pm. No idea if this is a fixed cap or is adjusted dependent on other factors. Provides a nice floor though SJ
sailing john
13/9/2019
06:22
Looks as if some shorts were closing yesterday because the buyback was much smaller than usual (7k versus daily average of 60k) and the share price went up about 13p. Just possible that the target price for the current buyback is 800p. (That was the target for the 2017 buyback.) The current buyback is for up to US$50mn and so far US$8.6mn have been used (excluding costs).
metis20
12/9/2019
15:59
I’m not into charts, but if I was ... ... I’d be looking for 800p and then a bit of a tussle.
chucko1
12/9/2019
14:44
Agree with that, and the 6mth chart looks super - nice upward trend since the drop in April
valentine73
12/9/2019
13:49
SJ, I do agree with your point about the increasing maturity of PLUS. Many of the previous risks of investing in PLUS have been reduced (few remaining owners’ shares, KYC issues and ESMA etc.). The point remains that PLUS is uncorrelated with the overall market, and is not expensive at this price.
chucko1
12/9/2019
13:33
Nice timing for your buy
valentine73
11/9/2019
10:29
Re Shorters - They will close when they think they are wrong about price direction. I don't think anything has changed in that respect (their views not mine) so as the price increases they are more likely to increase their positions as we have seen over recent months. Not something I worry about personally with 107% £880m long and 7% short less than £60m and both sides of course think they are right about future direction - time will tell. I'm pretty sure shorters see ASIC tightening as a threat and it is but perhaps just one third of the 15% revenue they currently have from the region imo. Nothing like the ESMA situation. Against that is the low valuation with PE sub 8 and a yield of around 8% at 730p On the plus side PLUS are clearly maturing into a lower churn provider and now have enough clients that they are established and respected in the regions where they operate. SJ
sailing john
11/9/2019
10:10
At what point do the professional shorters ( hedge funds etc) start closing their positions.With undisclosed shorts under 0.5% there could be over 10% of our stock being shorted & the majority will either be losing money or seeing a substantial reduction in their paper profits if they are still short from earlier this year.
base7
11/9/2019
08:30
Thanks metis20, I actually picked up a few yesterday based on the research I did last year, trying to get up to date now.
gbh2
11/9/2019
08:20
gbh2 - see Https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/PLUS/14199514.html that news, which came out on 22nd August, was accompanied by a c30p drop in share price on the 22nd. The share price has steadily been recovering from that low of 683p with the help of the up to US$50mn share buy back and improved volatility in markets. No increase in shorts over 0.5% published since 4th September.
metis20
10/9/2019
16:11
Has plus much exposure to the Australian market?
gbh2
10/9/2019
11:15
hTTps://uk.advfn.com/faucet/xfwjqc for 30 more Plus 1 faucets from the link.
bazildonbond
05/9/2019
09:26
Or not....
valentine73
05/9/2019
07:37
Nice to see this back over 700
valentine73
31/8/2019
08:54
From recent Interims Operational Highlights: · For the second consecutive year, Plus500 has been rated the No.1 CFD provider in the UK8, Germany9 and Spain10 by number of client relationships, and Australia's best CFD mobile platform11 · Attracting a growing number of higher value customers, through the introduction of sophisticated trading tools and broadening of the product offering: o Over 100 new CFDs introduced to the trading platform during H1 2019, including EUA commodity, Lithium and Battery and Thematic indices and Uber, following its IPO o Leading charting functionality launched on WebTrader and iOS platforms (Android following soon), including volume indicators, drawing tools and an extensive range of technical indicators · Customers deposits, net at 30 June 2019 up 41% to $151.1 million (31 December 2018: $107.2 million) · Continued decrease in customer churn - Q2 2019 churn rate at 16% is the lowest since the Company's 2013 IPO · First major CFD provider to add WhatsApp to its range of customer support channels, in line with Plus500's commitment to excellence in customer service
metis20
30/8/2019
15:42
Plus, or minus?
meanwhile
30/8/2019
11:14
Thanks for a fab summary Metis20
andrewclarke99
30/8/2019
09:01
Long term thoughts - much depends on volatility and cost of acquiring new customers. Less important imo are new regs. The bitcoin bubble pulled in a huge number of new PLUS customers cheaply and resulted in a huge jump in profits. How likely is that volatility and customer excitement likely to be repeated in some other form? Because of that volatility half-year net profits are very variable - here are the most recent in US$ starting with H1 2016 44 74 91 108 262 117 52 Half year profit figs are important because of the dividend policy - "The Company remains highly cash-generative and maintains its core 60% dividend pay-out ratio, in line with its dividend policy, with interim and final dividends split in accordance with half yearly profits; The Board will continue to assess the availability of any excess capital and prioritise its use, as it has always done, between value-adding investment, growth opportunities and additional returns to shareholders." Https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/PLUS/13965655.html For example FY2018 net profit was $379 and dividend payout was $227.4 227.4/379 = 0.6 so dividend payout was 60% of net profit Thinking of growth, this from the 2018 prelims - · Continued expansion of global presence and diversification of revenues outside the EEA: o Australian domiciled revenues increased approximately four times year-on-year and represented 12% of Group revenue in 2018; o Launched operations in Singapore; · Leading industry positions improved: o The largest CFD provider in the UK, Spain and Germany; o Best rated mobile platform among CFD traders in Australia; o Leadership in technology and product innovation: - over 77% of revenues from mobile devices; - maintained position as the highest rated industry app by customers in both Apple's AppStore and Google's Play Store; · Move up to the Main Market of the London Stock Exchange completed on 26 June 2018; joined the FTSE250 in September 2018. Regulation: · The Group's technology edge enabled it to comply quickly and efficiently with recent regulatory changes, including MiFID II, GDPR and ESMA intervention measures; · Non-EEA countries represented approximately 33% of the Group's FY 2018 revenues and 40% of H2 2018 revenues; · Elective Professional Client ("EPC") categorisation requests in FY 2018: o 16,475 customers applied for EPC categorisation; o 7,229 customers (44% of the customers who applied for EPC), were approved; o Revenue from EPCs in 2018 represented approximately 29% of the Group's annual EEA revenues, and 61% in H2 2018; o The EPC categorisation request, consideration and approval process is progressing broadly in line with the Group's expectations.
metis20
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