Plus500 Share Discussion Threads

[simplethesis] 01/6/2020 11:28

2.7.19 RNS is pasted below. A similar statement is likely in early July this year.

"Plus500, a leading online service provider for trading CFDs internationally, today issues the following trading update at the end of the second quarter of its 2019 financial year.

The Company is pleased with the overall performance, and continues to perform in line with current expectations.

Following a first quarter which was impacted by low levels of volatility in financial markets, revenue for the second quarter increased to approximately $94 million* (Q1 2019: $53.9 million), giving a total of approximately $148 million* for the first half. The level of client spreads and overnight charges for the second quarter was approximately $93 million* (Q1 2019: $82 million), giving a total of approximately $175 million* for the first half.

During the first half, around 48% of revenue was generated outside the EEA, whilst approximately 23% of revenue was generated by Elective Professional Clients within the EEA.

Of note, there were signs of reduced levels of marketing across the Company's peer group which, along with continued strong and focused marketing investment by Plus500, led to an increase in the rate of new customer recruitment and a reduction in the average cost of acquisition.

Further details of the Company's operational and financial performance will be provided in its half year results for the six months ended 30 June 2019, to be issued in August 2019."

[sif12] 01/6/2020 11:27

yep think we'll get an update in July.. then full HY in August.

[pastybap] 01/6/2020 11:17

In both 2017 and 2018 when trading was strong, they issued additional ahead trading statements in first week of June. Given how strong trading should have been this year, I think there's a strong probability- though not a guarantee- of an update to this week.

[rhatton] 01/6/2020 10:39

That will be August for the interims

[hatfullofsky] 01/6/2020 10:01

HY Update - Order book very weak

[rhatton] 01/6/2020 09:54

Why is there an update in 4 weeks?

[hatfullofsky] 01/6/2020 09:53

Trading update in 4 weeks, they'll be many opportunities under 1300 before the rise to 1500

[ceri evans] 01/6/2020 09:44

Now it's falling close to my couple of "sweeper" buys. Thursday should be an interesting day.

[rose_by_another_name] 01/6/2020 09:35

I have a limit order in at 1290.
edit- that was quick.

[fxprotrader] 01/6/2020 09:27

You will get caught out, maybe not this time but soon

[ceri evans] 01/6/2020 09:04

Thank you. Not in the first dip: no liquidity, but I got 3,675 at an average price of £13.04. Now, we wait...

[sif12] 01/6/2020 08:51

Thanks Ceri for sharing. you got 1305! :)

[rose_by_another_name] 01/6/2020 08:50

As a shareholder in Plus, not one of their
punters, I am OK with that.

[fxprotrader] 01/6/2020 08:30

When youre trading on Plus its they who are the other side...hence why they WANT you to lose

[rose_by_another_name] 01/6/2020 07:34

When you make money trading, there is another
trader who is losing it. Tricky to make sure
you are the former and not the latter.

[ceri evans] 01/6/2020 07:27

No, I don't think that technical analysis works in the time-frames within which I operate. If I could write a typical script for Plus for today, it would involve a dip to £13.05, buying at that level and selling within 48 hours at $13.45.

I am trading Plus because i am reasonably confident that there will be a point in the future when the price will be higher than today. (That's where charts may help.) For example, I was looking at a pretty grim paper position in late March, holding 7,000 Plus shares at an average cost of £9.78. I sold them on 30th March at about £10.10. Of course, I could have done much better by holding on but I never get my trades bang on. I was just happy to escape with a profit.

I would NOT trade oil. In 1986, one of my colleagues passed the opinion that there was no theoretical impediment to a negative oil price. It took him 34 years to be right, but his argument was a good one. Also, with oil you have monthly contracts, so rolling a position across months adds costs.

In my experience, the key to any trading position, whether oil or Plus500, lies in the buy part of the trade. Once you have your position (only thinking long trades here) then it helps with the logic of when to sell. Right now I hold 21,000 shares in Plus500 and have £80,000 ready for the next purchase. If the price goes down then I buy and if it goes up then I sell.

My dealing costs on Plus are £3.99 per trade, so it the price for 1,000 shares is a penny better than that for 2,000 shares, then I do two trades.

I hope that this helps with understanding my rationale.

[sif12] 31/5/2020 21:00

Ceri are you using Technical analysis, candles, support resistance?

I can see some of the 'patterns' but dont have the nerve...

You mentioned previous work history in Oil.. wouldnt this be the ideal time to trade OIL?

[ceri evans] 31/5/2020 20:52

Sadly, I'm not that important - I only observe the trends and trade accordingly.

On Friday, I put a sale in for 1,000 at a market price of £13.29. It went through at £13.22 and I was so brassed off that I bought them back at £13.19 and sold them at £13.34. I move in lots of 1,000 - 2,000 shares so as to achieve the market price.
My dealing cost is £3.99 per trade, so it doesn't impact much upon profit.

I can paint the house and occupy my mind with trading Plus500 shares. Physical and mental activity at the same time.

[sif12] 31/5/2020 20:22

Ceri.. so youre the reason it goes up and down 5 times a day :)

[rose_by_another_name] 31/5/2020 20:19

The capital amount in each trade must be substantial.

[ceri evans] 31/5/2020 08:36

I was concerned in case I was only making money through the rising share price, so I started keeping a daily value of the shares + cash at the closing price. I then compared the value at close on 7th May (the first daily total I had) with the value at close on Friday, but using the closing price on the 7th (£12.97). This shows that my trades added value at the rate of £426 per market day, so I am genuinely making trading profits.

[t 34] 30/5/2020 17:41

You making a lot of money

[ceri evans] 30/5/2020 17:13

I was first made aware of Plus500 through a friend who, sadly, passed away two years ago last April.
I didn’t invest in Plus until I was involved with helping his widow with probate. My first venture was hardly propitious but I worked my way back into profit, using skills learned in trading oil way back. As the pot grew, so did the profit. In 1Q 2020, I did 35 pairs of trades at an average profit of £458 per trade. So far in 2Q I have done 32 pairs of trades at an average profit of £871 per trade. These are not earth-shattering gains individually, but they mount up. My friend’s widow and her 2 sons are following the same plan, quite successfully.
I appreciate the lucid and informative analysis performed by some of the respected posters on this board and wish to thank you for your insights.

[sif12] 29/5/2020 16:04

Great points.. as I mentioned previously you should contact the brokers or at least some of the online 'financial journalists' :)