Plus500 Share Discussion Threads

[gabemckeown] 27/10/2020 14:42

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[markbelluk] 27/10/2020 14:08

?Liberum are @ $100m

"we assume a relatively conservative income forecasts for 4Q20 of $100m."

[rhatton] 27/10/2020 13:56

hats, which would imply some strong customer performance? Otherwise why would they say it.
Liberum are at $116 million in revenue for Q4. They also mention a loss in customer pnl of $40 million

[hatfullofsky] 27/10/2020 13:49

gabe - they are 1/3 of the way through Q4, so maybe they are tracking to $24m EBITDA.

[johnkettleyistheweatherman] 27/10/2020 13:04

gasp for us pig filth

[gabemckeown] 27/10/2020 12:38

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[gabemckeown] 27/10/2020 12:35

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[base7] 27/10/2020 12:28

Thanks to all of you who have emailed the key personnel for clarification.They have certainly produced a mixed message & if some of us, with our relatively modest holdings ( ie relative to IIs) have sold this morning, or are considering selling , I am sure that our CEO wont want our IIs having the same thoughts.I am sure that our CEO & /or FD have spoken with our larger shareholders & "comforted " them that all is well, knowing that uncertainty could result in larger holders disposing of some or all of their holdings -which would not have been the desired outcome from todays update.

[hatfullofsky] 27/10/2020 12:10

Madness !!!! What PLUS don't need right now is to be shouting from the rooftops "we've done brilliantly, we're going to smash expectations and pay a significant exceptional bonus" during a pandemic where so many are suffering, physically and financially.FFS read into the commentary as you wish and make investment decisions based on the information to hand. Absolutely no point trying to shame a company to change their conservative estimates.

[rhatton] 27/10/2020 11:46

SJ do you think they have tried to come across as a more mature credible company by issuing forecasts for the future? Given that most think the forecasts have always been behind the curve then this has backfired somewhat. The only thing plus could do was to say they would beat the consensus forecasts newly listed on the website. Why they didn’t who knows?

[sailing john] 27/10/2020 11:40

Sadly whatever the outcome they have lost credibility on forecasts - they may as well not bother issuing them in future.

I'm wondering if the new CEO has been involved in this. There has imo been a notable change in stile to one of extreme caution. No problem with caution but there is a need for credibility and Q4 clearly doesn't fit with the actuals for Q3 and forecasts for 2021!

[mighunter] 27/10/2020 11:36

Have also emailed. $49m of Revenue and $24m of EBITDA in Q4 to hit consensus results. When average MONTHLY YTD run is $86.7m Rev and $55m EBITDAThere's being conservative and then there's just being plain wrong...

[gabemckeown] 27/10/2020 11:30

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[rhatton] 27/10/2020 11:30

SJ, 1 month into Q4 could customer TP have been positive enough thus far to warrant meeting concensus?

[sailing john] 27/10/2020 11:28

rHatton - Yes received a reply but doesn't address the Q4 implied Rev/EBITDA issue so I have sent another email!

[doctor888] 27/10/2020 11:13

@rhatton have a link for the Liberum note?

[rhatton] 27/10/2020 11:12

Rob replied as I’m sure he has to you guys too with basically a cut and paste of parts of the update.

[sailing john] 27/10/2020 11:07

I doubt they will be willing to make any clarification/U turn on Q3 TS but I hope the impact of lots of investor emails will mean that future TS's will be issued with a little more thought and scrutiny! I hope Blackrock who will have seen a circa £7m reduction in their 5% holdings today are also making waves!
SJ

[rhatton] 27/10/2020 11:05

New Liberum note out just now.

Guiding for income forecasts of $100 million for Q4.
Also guiding for ARPU in Q4 of $705

[sl71] 27/10/2020 11:03

lets hope they are taking the opportunity to up the pace on the buyback today

[sailing john] 27/10/2020 10:59

And copy to the FD - Elad Evan-Chen [e-mail]
and [e-mail]

[markbelluk] 27/10/2020 10:58

>would just do the basic Maths and publish without doing any further thinking/enquiries.

SJ neither do I. In my mind this there is intent, but to what end?

[markbelluk] 27/10/2020 10:49

As suggested on LSE please contact Rob:-

Rob Gurner
Head of Investor Relations
M [phone]
[e-mail]

Asking questions like "Why would you update the market saying that Q4 is likely to be a sh it show, when this is the least likely outcome?"

I trust your English will be better than mine.

[sailing john] 27/10/2020 10:44

Mark - that's exactly what I said in my email to Rob and Elad. Although I didn't think prof analysts on 6 figure salaries would just do the basic Maths and publish without doing any further thinking/enquiries. I wonder if they have spoken to Rob/Elad. I doubt it!

Still annoyed - SJ