Plus500 Share Discussion Threads

[djokovic1] 29/10/2019 07:51

Agreed on Vol Metis. Also the cash generation (good proxy for net income) in Q3 reflects the strong improvement in margins. 55m * 4 = 220m annualized net income, take away 10% for Australia regs= $200m annual net income. 18% cash flow yield. Granted this quarter better than average due to higher vol Also positive is they had a strong quarter despite 3.5m positive customer pnl.

[warik] 29/10/2019 07:43

Metis - Same here but since Trump & China truce volatility has decreased I dknt know if you have noticed apart from Bitcoin going up by nearly $2500. I dont know for certain however Plus500 are very careful adding stuff on their RNS as they are very share price sensitive going back on last 5 years RNS. Stating 15% impact of Australia & revenue based on volatility I have never seen them in RNS apart from one in April.

[metis20] 29/10/2019 07:34

"The Company repurchased 1,639,246 shares in the quarter for a total consideration of $14.7m as part of its $50.0m share buyback programme that commenced on 20 August 2019. Cash balances as of 30 September 2019 were approximately $297.5m (30 June 2019: $327.3m), reflecting the share buyback and the dividend payment on 9 July 2019 of $70.2m." So cash generation of c$55mn for Q3 - profit for H1 was c$50mn. There have only been 5 quarters when the revenue has been higher - those were fuelled by the bitcoin bubble - taking share price to over 2000p. warik - Revenue increased from Q2 $94mn to Q3 $110mn - so I do not see any signs of reduced volatility going from Q2 to Q3.

[warik] 29/10/2019 07:19

But otherwise a good quarter. They added similar stuff in March update and stock fell. I have noticed in this stock they dont care how much you made if you add negativity for the future then this falls....Australia & EOY lets see how market takes it.

[warik] 29/10/2019 07:17

This says to me volatility decreased....let's see what market thinks. Like all operators in the sector, Plus500's performance for the remainder of the year is dependent, among other things, on financial market conditions providing sufficient trading opportunities for customers. However, we are encouraged by the continued improvement reported in Q3 and we remain on track to meet expectations for the year as a whole."

[djokovic1] 29/10/2019 07:11

Strong trading update, ARPU up, AUAC down, EBITDA margins up. Revenues for Quarter at 110m above backed out cons. at 105m

[bjfanc] 29/10/2019 07:11

Good quarter.

[sailing john] 28/10/2019 16:14

7am start tomorrow 3QTS! Mr M appears optimistic into the close! GL - SJ

[metis20] 28/10/2019 16:06

Rubric down another 0.11% to 0.54% on Thursday 24 October. Total above 0.5% published now down to 6.68% from a recent peak of c7.3%

[fxprotrader] 25/10/2019 18:37

peter file

[fxprotrader] 25/10/2019 18:22

peter file

[fxprotrader] 25/10/2019 16:35

No luck required. I always get this one right. It will be a zero, but when is the question.

[warik] 25/10/2019 16:21

FX- Good luck to you. Rubric closed another 0.12 on 23rd so now only 6.79% great update and we could be 900p not so good update and 700p let's see where we land.

[fxprotrader] 25/10/2019 15:25

Theer is no comparison to IG or CMCX. That is very naive and only mug punters would think so

[fxprotrader] 25/10/2019 15:25

Theer is no comparison to IG or CMCX. That is very naive and only mug punters would think so

[fxprotrader] 25/10/2019 15:24

it is not runing away, shorts will increase as the buy back stops. I will soon be shorting again.

[warik] 25/10/2019 15:19

Looking at the slide today looks like the 245000 trade was a short. IG is up & CMCX is very stable. Anyone knows whats happening shorts not updated yet. Hope to get a great update but markets look stable not good for us.

[valentine73] 25/10/2019 07:52

Someone has posted on here that the update is due on 29th - next week

[hatfullofsky] 25/10/2019 07:42

I was expecting an update this week, hopefully next week then.