Plus500 Share Discussion Threads

[galileo8] 27/4/2020 08:54

They do for some companies, like I said look at GVCGVC's InterTrader buys CFD and spread betting broker Sigma Trading. Share: It has just been found out that institutional Forex brokerage group called Sigma Broking Limited which is regulated by the FCA has sold its CFD and spread betting arm Sigma Trading to InterTrader Limited which is based in Gibraltar.Tell me why I'm wrong it's not a possibility

[jw330] 27/4/2020 08:43

Yeah oil volatility should keep punters going for at least another quarter

[t 34] 27/4/2020 08:38

Yeah , cfd and sportbetting , they go together like horse and ………;…?????

[galileo8] 27/4/2020 08:32

Just added to my position, Plus500 are making tremendous amounts of money at the moment and currently I think the divi yield is around 15 percent based on their payout objectives for full year. I think it could also receive an approach for the company, probably from one of the large online sports betting companies. Remember this is a market they are looking at, GVC bought Interdealers recently!

[jw330] 25/4/2020 18:11

Ceri thanks for sharing your portfolio. All sounds very sensible. I dont really know how L and G makes money but how exposed are they to changes in fiscal and monetary policy of the government? I think there's going to be a deluge of tax increases after this round of QE and private pensions are going to be at risk of a tax raid. Negative real interest rates will also mean there will be low demand for annuities maybe?

Thanks DJ on explaining the crypto position

[simplethesis] 25/4/2020 17:26

Yep, and, to state the obvious, spreads are charged on the notional so crypto as a percentage of the total notional will now always now be relatively small.

[djokovic1] 25/4/2020 16:16

Crypto: Yes if it suddenly went up a lot they would have negative market PnL but it is a low leverage product. Retail is only offered 2:1 leverage so their is less exposure to crypto (both on upside and downside) than oil, indices, FX etc.

And a look at history Q4 2017, when Crypto hit 20k.They still had a very strong quarter though market PnL likely was quite negative. The reason being a lot of new customers joined Plus for Crypto and the gain from spreads/funding made up for the negative market PnL. Note: They didnt break out the numbers btw spreads and market PnL during that time. And remember this was a time when leverage was much higher, before ESmA.

So overall if crypto has a sharp rally up, I would expect some negative market PnL but likely more than compensated by additional spread/funding PnL due to customers joining for crypto trading.

[jw330] 25/4/2020 15:17

I think the biggest bubble in the world is definitely in the bond market. How long can governments get away with paying investors negative yield? I see a lot of people are long crypto on plus500. Is that going to adversely affect plus500 if crypto suddenly went upwards?

[ceri evans] 25/4/2020 14:22

Well, the only shares my family own at present are, in orders of magnitude:

LGEN
PLUS
IMB
TRIG

My L & G pension has been 90% in cash since the start of the year and my QROPS (untouched to date) is still invested almost exclusively in emerging markets.

I recently advised a friend against investing in oil.

LGEN I took the view that they would lose income through fees upon funds but make gains where some of their pensioners with annuities would, sadly, perish earlier than expected. In 2-3 years, this might be back to 300 and they are paying dividends.

IMB seems relatively unaffected by Covid-19, as should TRIG be.

We will see how it all pans out but the outlook will be very mixed, I feel sure.

[the white house] 25/4/2020 09:44

On topic, is it not the case, that the Chief Executive was not part of the original group and was brought in as more of a figurehead that a BIG company needed to be seen to have. I would think that the founders thought that their bright idea did not warrant a secretary aka senior administrator type having their pay jump by millions when unlike other CE he added less value in building the company. Now the hand are back with full control I would think that very soon they will want to make a show of strength that they are in control and the Co. is doing VERY well, thank you, in their hands.

[the white house] 25/4/2020 09:38

I disagree, I think that FXprotrader is our lucky charmEvery time he posts the price goes upMy friend and I call him the Magic ManLong may he continue to post and support the rise

[fxprotrader] 25/4/2020 09:14

I will come back and laugh at you chuckie egg. You seem to have caught Stupid19

[jw330] 25/4/2020 09:07

Just want use the bb for serious conversations and find the next investment opportunities so please filter and ignore idiots.

What are peoples opinions on the general macro environment atm? I think the next bubble to pop is going to be the low grade corporate debt markets. Are the governments able to prop these up indefinitely? In case of this bubble bursting would that cause crypto and gold prices to rocket?

[djokovic1] 24/4/2020 22:28

Chucko whats the point. Better to use filter on Elcap/FXpro and Rackers and life is much better. And if every other contributor did the same, there would be much less noise on this thread and it would be better for all.

I like hearing opposing points of view, like JW questioning stuff recently but we all know Fxpro has no substance behind what he says and its just a waste of time. Rackers is the same.

Filter has been my friend and this thread has been less painful with that noise drowned out. If only everyone did the same, problem would be solved.

[chucko1] 24/4/2020 21:30

Ah, so a lot of City folk know, but it’s secret. It’s also well known. It’s also libellous, so it’s false. It’s also so sensitive that on a specific PLUS call hosted by Odey last year, the matter of governance and propriety never arose, even though the audience consisted of many very wealthy/successful city and industrial folk - who were baying for blood after the share price had got smoked after the issue of customer losses and their restatement arose. After this call, I asked you in coded terms whether you were aware of this call, but you knew nothing. This rubbished the notion that “the city know”. Your city may know, but your city are a group of beer-swilling morons who wouldn’t know a put from a bond. My city has a visible IQ.

FXPro, you are a clown. You’re a wannabe big shot who simply was a junior nothing stockbroker. Ten a penny whom the big boys cannot even be bothered to laugh at.

[sif12] 24/4/2020 16:24

yep, if/ when we move past 1300 looks clear through to 1500

[mr roper] 24/4/2020 16:23

Beautiful intra day reversal

[rose_by_another_name] 24/4/2020 14:55

Something to do with anti-Semitism going on?

[jw330] 24/4/2020 14:32

best thing to do is filter fxpro and racki at the same time as soon as possible