Plus500 Share Discussion Threads

[hatfullofsky] 19/2/2020 08:50

Looks like we'll test the 850 support today, hope it bounces

[12strings] 18/2/2020 13:03

I'm of a similar mind ... Historical PE around 9, falling with assumed growth trend in 2020. The share buy-back program has been acting as a support to the SP, which, given the ongoing weakness, is a bit concerning. So I'd say PLUS is a speculative buy at these levels, especially given the promise of distributing 100% of 2019 profits to shareholders. So around 70p/share = 8% dividend. Have they announced an ex-div date anybody??

[djokovic1] 17/2/2020 09:11

Thanks Hat, I am pretty much in line with Berenberg's numbers but as you allude to, they are very off on what the share price should be especially with $300m cash on the balance sheet. Currently trading at 7x 2020E and 5x ex cash. If nothing else, we should see a move higher on Q1 numbers which should be good due to higher volatility (and as indicated by management that trading has continued to be good).

[pbutterworth1] 14/2/2020 23:44

Still large(st) investment here looks cheap

[hatfullofsky] 14/2/2020 16:19

As a result, Berenberg said it now expects Plus500 to generate sales of USD359 million, down 4.6% from USD376 million forecasted previously. Earnings before interest and tax estimates were also lowered, to USD183 million from USD199 million, resulting in earnings per share estimates of 138.04 cents versus 140.00 cents seen before.

EBIT of USD183 million on a MCAP of £956m with $300m Cash - i'll take that any day

[bulltradept] 14/2/2020 14:58

The I/C had this as a sell, but moved to hold now

[hatfullofsky] 14/2/2020 14:23

All AT's Bots are moving this

[hatfullofsky] 14/2/2020 14:18

No great volume so can only assume this is being walked down.

[markbelluk] 14/2/2020 13:55

Selling pressure and patterns on the order book indicate short pressure to reduce price or fund reducing holding

[markbelluk] 14/2/2020 13:54

I realise shorts have reduced but the data is delayed so how do you know someone has not increased today ?

[djokovic1] 14/2/2020 13:27

Hilarious, would love to see what arguments Berenberg makes to justify that Plus is only worth £7.9

[cambridgedon] 14/2/2020 13:09

No that isn't it, short interest has fallen to 3.74% most recently reduced yesterday.
CD

[markbelluk] 14/2/2020 12:47

DJ Im guessing its a short increase, probably off the back of clueless Berenberg

[hatfullofsky] 14/2/2020 11:41

Small top up at 876

[djokovic1] 14/2/2020 11:11

This move doesn't make any sense, but another great buying opportunity. Added some more.

[hatfullofsky] 14/2/2020 07:31

Berenberg are morons

[basem1] 13/2/2020 11:58

Very hard and that is the great unknown here

[hatfullofsky] 13/2/2020 11:55

Always a percentage of net profits so hard to predict

[mister md] 13/2/2020 11:45

anyone know the expected total dividends per year from now on ?

[hatfullofsky] 13/2/2020 08:58

Sector down but this is getting ridiculous.If you strip out the cash we're on crazy low multiples

[hatfullofsky] 12/2/2020 23:02

... as predicted the buying opportunity presents itself.

Trouble is you can't change momentum, short term pain .......

See you all at 1500

[sailing john] 12/2/2020 22:42

GAIN Capital’s volumes up by 23% MoM in January

[hatfullofsky] 12/2/2020 21:07

So predictable ...I don't see anything here that will hold this back, 1000p see you soon.Of course there may be the usual retrace after results but I expect a quick recovery if that does happen