Plus500 Share Discussion Threads

[chucko1] 24/4/2020 12:35

Oh, but I do question the “high yield and low p/e” (they are virtually the same thing, of course). Then I recognise the low quality analysts covering this, and others like you who are not especially bright who consistently trot out all sorts of idiocy. It’s a long list, but it keeps some of us here in good profits so it’s more than welcome.

PLUS throws out a lot of curveballs - some of us can deal with the higher risk and greater volatility (of the stock), and some too easily draw incorrect conclusions. Without the latter, the former would not have it so easy. So thank you.

[fxprotrader] 24/4/2020 11:41

Most traders lose money dopey, you probably more than most

You have missed the point because you re stupid. Im not going to waste my time educating morons.

[planelondon] 24/4/2020 11:13

Yes FXprotrader, IG’s customers feel so much happier about losing their money, knowing that part of their loses are going to IG’s counterparties (predominantly, the vampire squid, Goldman Sachs). It makes all their losing trades so much more worthwhile than losing it to a firm that provides them services and retains their trading risk.

[dennislevine] 24/4/2020 10:34

yes

those IG punters behind the doubtful debts should have been on Plus to benefit from NBP

[rhatton] 24/4/2020 10:32

So every one using plus, retail or pro has negative protection?

[fxprotrader] 24/4/2020 10:29

Wow, this is simple stuff girls

The MASSIVE difference is IG do not benefit from clients losing, but PLUS does and so amends its prices to ensure its profits

The loss rate is similar across the board, i think PLUS is 76% but that will include those that lose on purpose

[sailing john] 24/4/2020 10:21

Dennis - spot on

I hadn't noticed that comment from IG but not surprised given the oil moves last week that will have caught out some Pro Traders on 74* leverage offered by IG on oil contracts. And of course unlike PLUS - Pro Traders at IG don't have negative balance protection.

[dennislevine] 24/4/2020 09:53

"mug punters losing their shirts", seems IG has plenty of these

From IG trading update today - "an increase in the provision for bad and doubtful debts"

Risk warning for IG "76% of retail investor accounts lose money when trading spread bets and CFDs with this provider"

Plus it is 76.4%

[sif12] 24/4/2020 09:00

IG definitely has a certain portion of its customers who are less well informed/ lack financial experience.

However, Im not one of those who suggests that the game is any different across the various providers.

[fxprotrader] 24/4/2020 08:55

There is no comparison to IG

They dont rely on mug punters losing their shirts...and of course those that need to lose

[base7] 24/4/2020 08:53

Not expensive if we continue generating exceptional profits in these times of extreme volatility & our major stakeholders anticipate a share price in excess of £20

[jw330] 24/4/2020 07:55

I think they should have bought back most of their stocks under 10 quid in an ideal world, its getting expensive for them now.

[rachael777] 24/4/2020 07:44

does the buyback have a price ceiing ? It stopped abruptly yesterday at 1189p - is that the new floor for the share price now ?

[hatfullofsky] 24/4/2020 07:41

IG (MCAP 2.7BN) 25k new customers, Rev £173m (36 days of 62) PLUS (MCAP 1.3bn) 82k, Rev $316m

I don't think IG is worth 2x PLUS

[jw330] 24/4/2020 07:25

Use ig as a guide but times it by two I would say...plus500 blows them out the water in regards to efficiency

[metis20] 24/4/2020 07:13

Today's IGG trading update -



"IG Group Holdings plc ("IG", "the Group", "the Company"), a global leader in online trading, today issues an update on trading in the final quarter of its financial year ending 31 May 2020 ("Q4 FY20").

Trading

IG is a business with a clear purpose - to empower informed, decisive, adventurous people to access opportunities in the financial markets. Revenue in any period is impacted by the level of financial market volatility and the extent to which clients identify opportunities to trade. Financial market volatility has been sustained at exceptionally high levels since the last week of February 2020, and the Group's clients have responded to the opportunities such market conditions present, and client trading volumes have been exceptionally high. The Group's revenue, which is driven by client transaction fees, has therefore also been exceptionally high during this period."

[djokovic1] 24/4/2020 00:00

Completely agree Chucko.

I find it crazy that analysts think because you made X market PnL in Q1, it must be given back.

No! You start again from 0 and the expected Market Pnl in the future is 0 regardless of what the market pnL was in the previous quarter (positive or negative).

It is quite crazy that the sell side doesn't understand this. And it is one of the reasons why we get this opportunity apart from multiple other factors such as current clients will likely be much more sticky than the crypto only clients, huge cash balance (huge div coming), continued high volatility, people sitting at home with nothing to do and no sports, and cheap valuation to start with.

And of course the insiders know all this, which is why they bought in size.