Plus500 Share Discussion Threads

[ellist1] 13/1/2020 21:55

CMC markets also shooting up today..

[nw99] 13/1/2020 20:28

After the golden cross 11 is the target

[mnomis] 13/1/2020 20:06

Take a little off the table at £10 or let it ride?

[black bird] 13/1/2020 16:07

look to the fundamentals, founder buys , buy backs ect. a good share for me.BB

[montynj] 13/1/2020 12:37

This stock is also one of sharewatch naps for 2020

[nw99] 12/1/2020 12:02

Excellent we are in good company then

[chucko1] 12/1/2020 11:56

Er, no - Odey own a large slice of the company and is the largest holding in James Hanbury’s Odey funds.

[nw99] 12/1/2020 11:07

Odey will cover short soon rocket ?

[chucko1] 12/1/2020 10:48

Odey continue to be more positive than the analysts. The latter have never shown any understanding of the long term issues important to PLUS.

[tomv33] 12/1/2020 10:37

This is in scsw top 10 shares of 2020

[chartsworth] 07/1/2020 15:37

You could draw a ruler along the 1 Year chart (which is why I'm in)...

[nw99] 07/1/2020 13:19

Cracking chart

[hatfullofsky] 07/1/2020 13:14

Pop ! Onwards and upwards

[sailing john] 07/1/2020 12:06

Mr M doesn't appear to know what he is doing!
No surprise there when it comes to PLUS!
5% up then 10% swing down and back up since TS!

[chucko1] 07/1/2020 11:56

There are gaps to fill on the chart, and gaps to fill in a true understanding of this stock. It would seem.

[stoxx67] 07/1/2020 11:02

how do you arrive at £14 nw99 ?

[nw99] 07/1/2020 09:31

Nice chart heading to £14

[hatfullofsky] 07/1/2020 07:15

WTF - Credit Suisse

Largest buys were at the open (everybody knows this is when the spread is widest)

1,375 883.4 8:01:05 LSE
1,800 900.0 8:08:47 LSE
2,166 916.0 8:12:03 LSE

[chucko1] 06/1/2020 23:05

RNdm355, you are seemingly fixed in your view, so I don’t suppose this stock could be for you.

Seems odd that longer term shareholders have actually made a huge return. Largely in dividends that comes from a cash balance. No debt. So why conceal anything? Unless it was a change they were hiding, but that doesn’t stack up either as previously it was in both directions (gains and losses) depending upon quarter.

It’s the badly researched (or speculative) stuff like yours (“certainly concealment”) which makes this cheaper than it merits. That’s fine - it means I can make more money. Many thanks to you and various hedge funds!

Odey’s analysis was that it was not mentioned as it was blindingly obvious to those who closely follow the stock, but not to all investors. Plus should have considered this but overlooked the perception of its importance.

[djokovic1] 06/1/2020 20:25

Plus revenue is = Bid offer spread revenue (always positive) + Funding charge revenue (always positive) + Market PnL (can be positive or negative)

Bid offer spread: Is the revenue captured by Plus when customers trade on their quotes

Funding charge: Is the revenue from the funding cost of customers holding a position (think of it as the cost to the customer for obtaining leverage)

Market PnL: Is how much money the customer positions have made in the period mark to market. Obviously this could be positive or negative.

Over the last 5 years this is how the overall PnL contribution has played out: Bid offer spread (90%) + Funding charge (10%) + Market PnL (0%)

So in a quarter the market PnL will obviously never be exactly be 0, but over time the outcome has been that the market PnL has been 0. One way to think about this is over the long term customers don't really have an edge (as one would expect) but quarter to quarter this can obviously vary. For example: Market PnL for Plus was significantly negative when cryptos rallied hard in Q4 2017 and most customers were long crypto and market PnL was significantly positive in Q1 2018 when that reversed and cryptos tanked.

So in summary, there is no point to focus on quarterly market PnL except so as to figure out the true underlying operating PnL driven by bid offer spread and funding costs which in turn is driven by volatility as higher volatility drives more trading.

[rndm355] 06/1/2020 17:23

Please explain what the customer losses mean, or point to an explanation if possible?