Plus500 Share Discussion Threads

[return_of_the_apeman] 17/9/2020 09:09

Thinking this should close above the resistance at 1500 today and become support :-)

[t 34] 17/9/2020 08:30

Plus had rev. for IH 435mln usd so more per quarter then igg . There is a chance that plus will overtake igg in term of revenue permanently.

[irishmatt] 17/9/2020 07:30

Worth a look at IG results this morning, revenue still heightened but not quite as much as a few months ago

[chucko1] 16/9/2020 16:25

They are no fools, MW, but then - we have no idea whether it's a naked short or simply a short against a long in, say, IG. The opposite of what Odey had in size a year and more back. Odey were not bearish on IG - simply a device to hedge out (correctly) regulatory risk.

Of course, if we see 13 other shorts as we saw two years back, this means something different.

[ceri evans] 16/9/2020 15:34

Today's trades:

Credits : £63,069.07
Debits : £62,084.17
Profit : £984.90

[ceri evans] 16/9/2020 13:54

In the meantime, I've been quietly trading away.

Completed trades so far this month:

Credits : £306,912.44
Debits : £304,000.52

Difference : £2,911.90

Current holding: 28,984 at an average cost of £13.70

[sailing john] 16/9/2020 13:47

Re Shorts

Marshall Wace don't know what they are doing!
They held 0.48% in March and failed to close when price dipped below 700 mid March - totally ignoring the significantly ahead TS's and multi million $ director buys!

They have been averaging up since then to hold a 0.8% short today
So several hundred points down since March plus the divi that they have had to stump up!

No other shorts declared so presumably they think they can enter higher and I agree!

SJ

[assagai] 16/9/2020 13:27

Can't believe a Hedge has increased their short. Thought these guys were supposed to be smart?
Added at £14.60, couldn't resist!

[sailing john] 16/9/2020 13:23

IG Q1 TS (Jun-Aug)tomorrow should give a better idea of current market and their view of current trading/outlook

Also CMC 1H TS (Apr-Sep)due 8th Oct

From PLUS today
"Revenue, in particular Customer Income, has remained strong in H2 2020 to date, supported by further growth in the Company's Active Customer base. The Company has also on-boarded a high level of new customers so far in the second half"

And from 1H results - 11th Aug
Customer Income so far in H2 2020 is more than double that of the prior year (2019 was $220m in H2)

Both very positive for Q3

Interesting change of tone for H2 outlook
Today's TS - "macroeconomic and sector-specific newsflow continue to provide significant trading opportunities for customers"

11th Aug results - "Heightened market volatility expected to normalise during H2 2020"

Everything sounding very positive for H2 - plan to update model for Q3/Q4 when IGG have reported tomorrow.

[hatfullofsky] 16/9/2020 12:42

Crazy reaction, should be 1600+

[dumbbunny] 16/9/2020 11:24

Perhaps, shareholders haven’t realised quite how valuable the PTE status is. It’s already added to the cash balances +$100m for pre-2020, and another $40m up to the half year in 2020. Further opportunities for reductions in corporation tax to 7.5% remain, and it could run for a further six years. It will keep shareholders in Special Dividends for many, many years to come and exceed well in excess of $250m during its lifetime.

[markbelluk] 16/9/2020 11:10

Stuffee Feyenord is yet another guise for conardj etc etc

Filtered

[stuffee] 16/9/2020 10:25

Although I strongly oppose Glass Lewis' views, maybe a Zoom style meeting where there can be more interaction would have been preferable. I also found it bit difficult to hear all of Chair Penny's words.

In any event superb trading update this morning, but as has been the case on virtually all previous occasions, no share price reaction. Maybe Market is focusing on 2025 earnings and ignoring everything else!

Fey, I don't know how you can say things 'not looking good' with this trading statement.

[sailing john] 16/9/2020 10:16

Elad's bonus resolution withdrawn for now but will be revisited at the remuneration EGM following discussions with major shareholders.
Nothing else to report - no questions of interest and just 15 mins of formal business. All other resolutions passed
SJ

[stuffee] 16/9/2020 09:56

Personally, I dont have problem with the $1m bung to Elad. He has made tremendous contribution to Plus over the years and his efforts to achieve the technology tax status will be of huge benefit to us all. I'm always supportive of generous reward for achievers but critical of even mediocre rewards for mediocrity.

I am alarmed at Glass Lewis' suggestion that shareholders should oppose Penny Judd's reappointment. She's a high quality Chair, great improvement on her predecessor. I would be horrified at any suggestion that one of the other (unimpressive) non- execs should take over.

Maybe we will hear more in a few mins from AGM.

[markbelluk] 16/9/2020 09:19

Marshall Wace LLP 0.80% 0.10% 14 Sep 2020

Short increase

[markbelluk] 16/9/2020 09:04

Plus500 is seeking approval at its annual shareholder meeting today for a special bonus for Elad Even-Chen, its finance chief, to reward him for helping it pay less tax.

The $1.23 million one-off cash payment comes on top of Mr Even-Chen’s pay package, which this year could reach $4.86 million in salary, bonuses and share awards.

However, the board is expected to face strong opposition after Institutional Shareholder Services and Glass Lewis, two leading advisory bodies, each recommended that investors vote against the payout.

Penelope Judd, Plus500’s chairwoman, also faces a potential rebellion against her re-election to the board after Glass Lewis criticised the format of the company’s meeting, which is being held virtually because of the Covid-19 pandemic.


Glass Lewis said that “we do not believe that the company has provided sufficient disclosure around the meeting logistics to ensure that shareholders can participate, including the ability to ask questions during the meeting”. It said that Mrs Judd, 57, “bears responsibility for not sufficiently addressing this issue” and that investors should oppose her appointment.

[markbelluk] 16/9/2020 08:34

Looking at the sell batches it could be a short fund pushing it down today