Plus500 Share Discussion Threads

[base7] 27/8/2021 00:52

Increased Markets volatility likely to increase our opportunities over coming months together with early results from our share dealing service & likelihood of increased investment into our new US subsidiary will keep me invested over coming months & glad to have increased recently at around 1370p.IMHO much still to go for

[ceri evans] 26/8/2021 17:21

I'm going to miss your informative posts, S-J.

I managed to reduce my holding by 10,000 last week at my target prices, although I was hindered by being on a ship on the 17th August. I will be looking to trim much further over the rest of the year.

Good luck. S-J.

[sailing john] 26/8/2021 16:29

XD today 43p (less tax) paid Nov 11th

I'm out as I can't see what will move price for the next few months
Sold a decent position in 3 trades at above 1470p so there are buyers taking volume at that price
Remains on watch for the next opportunity although big gains getting harder
Good luck everyone
SJ

[simplethesis] 18/8/2021 10:53

SJ - note the "significantly ahead" comment was for revenue.

[coxsmn] 17/8/2021 18:08

Liberum raises target on Plus 500 ahead of launch of new share-dealing platformhttps://www.sharecast.com/news/broker-recommendations/liberum-raises-target-on-plus-500-ahead-of-launch-of-new-share-dealing-platform--8065991.html

[sailing john] 17/8/2021 10:10

Results pretty much as WE expected (posts above) with eps at $1.62 vs $1.68 my model (diff higher admin for various reasons - legal, advisory and share based payments)

Clueless Analyst Consensus for FY as at 21st May (plus website) was just $2.21 or just $0.59 for H2 lol!!! Hence significantly ahead comment in results!
Mr M awaits their new guess!

I have tweaked my model by increasing admin slghtly giving 2H eps of $1.27 FY $2.9
FY detail now $m
Rev $626
Selling $241
Admin $51
PBT $334
PAT $294
eps $2.90
eps £2.10 (at 1.38)
As always interested in other views
My Quarterly Rev for 2H remains $140/q being $160 Cust Inc - $20 Cust P&L
nai SJ

[riverman77] 17/8/2021 08:21

Yes and still ludicrously cheap! Should be well over 2000p given the cash on balance sheet.

[base7] 17/8/2021 08:17

Solid results ,decent dividend & positive outlook statement

[doctor888] 20/7/2021 08:22

Thanks, Barry Harmer! Much appreciated.

[barryharmer] 20/7/2021 02:29

Yes Doctor888, you do. Fill out the form on this website

Here are some of the answers:

Reason why a certificate is needed:
Claiming reduction of tax deducted by the Israel Govt from dividends paid by Plus500, a share traded on the FTSE
Period for which you need a certificate:
06/04/2020 - 15/07/2021
Which country's tax office requires certificate?
Israel
Type(s) and amount(s) of income for the period:
Shares Plus500
????? Shares Dividend US $0.8292 per share less 20% holding tax This certificate is required to reduce the holding tax from 20% to 15%
Article of the DTA:
1971391
Beneficial owner - Please enter Yes or No:
Yes
Basis of claim if you're not the beneficial owner:

Subject to Tax provisions - Please enter Yes or No:
Yes
Circumstances under which you require certificate:

Received as individual/partner/limited company:
Individual, through ISA provider ?????
UK income or capital gain:
Please refer to my submitted Tax Returns


Hope this helps

They now require you to do this every year.

[doctor888] 19/7/2021 15:47

Anyone apply to reclaim the withholding tax from ESOP? Do we need a letter from HMRC if the shares are held in an ISA?

[aleman] 19/7/2021 13:41

Nearly 22 now. Highest for 2 months.

[aleman] 19/7/2021 10:23

VIX up to 20 from 17 on Friday and £ is down to $1.37. Will consensus EPS edge up from 210p?

[barryharmer] 15/7/2021 19:23

Yes, Tuesday 13th via Hargreaves Lansdown

[groveman1] 15/7/2021 16:15

Anyone received their dividend yet (due from July 12th., I believe)?

[aleman] 12/7/2021 12:04

sj - This has consensus of 10 brokers, giving 289 cents EPS (call it about 210p on current exchange rate) but that's on only $521m revenue, which looks likely to be exceeded slightly on my revenue figure and significantly on yours.

[sophia1982] 12/7/2021 12:03

Peel Hunt has revenues of 476m and adj EPS 224 for the current year

[sailing john] 12/7/2021 11:15

Q2 Cust Inc 158m vs my model of 170m and Cust P&L -15m vs my model of -20m
Overall act Q2 Rev of $143m vs my model $150m. So surprisingly close see post 432 above

My model gives selling at $130m for H1 and Admin of just under $20m
1H PBT of $196m and eps of 122p for 1H

Left my model for Q3 and Q4 at $140m/Quarter (160CI - 20P&L)
Giving FY Rev $626m eps 217p
vs Aanlyst consensus Rev $477m eps 157p as at 21st May (Plus website)
Though not unusual for some analysts to be a long way behind reality!
Will monitor for post Q2 updates
nai SJ

[aleman] 12/7/2021 10:39

A similar declining trend in H2 should see revenue around $190m, so $536m for the full year if markets continue the calm and modestly upwards trend of H1, both of which do not suit PLUS looking at previous history. It's a good number and slightly ahead of forecasts but I see this as a base line which could be easily beaten if markets stop rising modestly, turn down, or turn volatile.

Any other views?

[coxsmn] 12/7/2021 10:05

Agreed.I'm pleased with the update.Very good customer acquisition numbers.

[aleman] 12/7/2021 10:01

Customer income of $346m is pretty good isn't it? Forecasts are a bit variable but seem to be around $500m for the year. It looks highly likely $154m will be beaten in H2 and so earnings and dividend forecasts should be beaten. Won't that mean EPS are likely to be pushing 200p? In the comparable period of 2020, VIX hit 66 in March and was about 25 in July. This year was about 20 and now 15 in a generally rising market so PLUS have done well and should be well placed for whenever markets decide to thrown another wobbly, while currently looking good value in quieter times.

[rhatton] 05/7/2021 11:51

Trading update likely tomorrow or early next week?

[joe say] 30/6/2021 08:18

And that's why I find buy backs a total waste of shareholders cash