Share Name Share Symbol Market Type Share ISIN Share Description
Plus500 LSE:PLUS London Ordinary Share IL0011284465 ORD ILS0.01 (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  -9.00p -0.51% 1,745.00p 411,076 16:35:03
Bid Price Offer Price High Price Low Price Open Price
1,747.00p 1,749.00p 1,763.00p 1,735.00p 1,746.00p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 323.72 187.58 129.57 13.0 1,998.8

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Date Time Title Posts
19/7/201817:22PLUS500 - CFD trading systems13,351
31/1/201809:41Ways to get Plusone Coins1
31/1/201713:49Plus TRADES thread.9
06/7/201520:58PLUS Markets (a subsidiary of ICAP plc)14

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Plus500 (PLUS) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2018-07-20 15:54:551,748.3719332.19O
2018-07-20 15:54:491,745.1614,830258,807.84O
2018-07-20 15:54:341,749.384006,997.51O
2018-07-20 15:54:321,754.592,38341,811.99O
2018-07-20 15:35:201,745.0015261.75O
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Plus500 (PLUS) Top Chat Posts

Plus500 Daily Update: Plus500 is listed in the Software & Computer Services sector of the London Stock Exchange with ticker PLUS. The last closing price for Plus500 was 1,754p.
Plus500 has a 4 week average price of 1,598p and a 12 week average price of 1,386p.
The 1 year high share price is 1,816p while the 1 year low share price is currently 585.50p.
There are currently 114,544,716 shares in issue and the average daily traded volume is 617,513 shares. The market capitalisation of Plus500 is £1,998,805,294.20.
rifleshot3: You do wonder whether some form of old boy network even manages to influence international financial markets. This business, which is run with de minimis headcount, has mastered customer cost per acquisition and has all the hallmarks of a truly slick technology and marketing business, continues to trade at a significant P/E discount to its main rivals CMC and IG. And that is despite being more profitable and more cash generative then both on (correct me if I've got this wrong)a like for like basis?? Vested interest and empty headed, fact-light, word of mouth in high places is keeping this cheap. At some point the market needs to sharply wake up to how undervalued Plus 500 remains or a PE House will snap this up (cash generation alone would justify a significant premium on current share price). Institutionals need to get involved soon and underpin a proper re-rating.
davebdavid: Can anyone see any downward movement 8n the shares when the new Esma rulings kick in from August? I know the news will have been filtered in to the current price over the last year but when reality kicks in can anyone see drastic changes to profits/share price?
chucko1: cfro, I just read his article according to your link. I love it when analysts (self proclaimed) make errors such as this as it helps to explain the headwinds that PLUS has sometimes to overcome. Keeps it cheap which is fine as all we do is collect large dividends with little downside risk. However, I would add that this error has been repeatedly made by many and may continue to be as the issue at hand (hedging their exposures) is quite complex to both explain and understand. Nevertheless, for someone who claims to have the qualificatoins he states, this is not an impressive analysis at all. I think there remains a consituency of investors/analysts who have trouble believeing the success of PLUS and do not form their analysis with an open mind. They bumnp into "facts" which they believe justify their doubts such as European regulation, share price run up, crypto decline and unbelievable performance metrics vis a vis competition. They do not ever mention market volatility and new licenses and what those might mean because instead of being "facts known today", they are matters where you have to make forward looking judgements. Those judgements are usually the only route to meaningful investment returns. As this stock joins the FTSE 250, it may be the case that it becomes increasingly researched which "should" mean that it is better understood. But I ony see that as being a marginal thing as research on even FTSE100 companies can be poor.
davebdavid: I was getting a little worried first thing this morning as the share price dropped again. Is this just the general market conditions at the moment (Trump v China battle)? Or can anyone see anything else that is hitting the share price.
poolefox: The share price was bound to soften after the founders sold some shares.The fact that they still own 16% of the company which is a considerably large holding especially considering that only one remains on the board.The first quarter has been a perfect storm for Plus500 and this will be proved in results.As another poster stated Plus trades on 5 times forward earnings only held back by concerns over ESMA and FCA legislation for CFDs plus mistakes in the past,another poster working for a Hedge fund manager considers them ridiculously undervalued I expect a major bounce on 4/4
stuffee: Important to point out that 5 founders sold the 15m shares yesterday, not the Board. Only one of these, Gal Haber, was stll a director; he was Chief Exec until Feb 2016, when he stepped down to a more minor role. These 5 founders had been trying to sell these shares for the last 5 months; their attempt to place these shares in Nov 2017, when price was £8.50, failed due to market slipping. I feel the expectation of this placing has held price back since Plus announced its impressive statement with its 2017 results. Although I guess the indigestion from this placing (and also ESMA uncertainties) will hold back share price for maybe a week or two, thereafter I believe there will be fun. I suggest some of the comments above are a trifle unfair, criticising the Board for bullish statement on trading then dumping stock. The executive Board are heavily incentivised through continuing large Share Appreciation Rights in Plus (effectively CFDs). I also suggest Plus suffers from a slight discount to IG through its AIM quote rather then being fully listed. I have been encouraging the Board to seek a full listing, when Plus would gain considerably from FTSE 250 Tracker Funds.
poolefox: EPlus500, the top contributor to the fund for the year (+11.60%). 2017 was a period of significant progress for the company. At the start of the year consensus thought earnings per share would be down c.30%. We now believe they will finish up c.85% after five upward profit warnings. They continue to win market share, generate more operating cash flow than any other European CFD operator, and have more active accounts than the next three largest companies together (IG Group, CMC and Saxobank). We had some satisfactory regulatory clarity from ESMA as well in December 2017 on how further regulation will look in 2018 for retail clients so we believe a tighter regulatory environment suits Plus500 well. Historical examples from Japan and Singapore would suggest that lower leverage limits create a healthier CFD market in the medium term, albeit with a possible short-term revenue headwind for a couple of quarters. Apart from the leverage limits, all other changes proposed by ESMA should be of benefit to Plus500. This contrasts with IG Group which still offers binary options and where negative balance protection is neither routine nor without cost. We also believe the market will be surprised by how much of Plus500 revenues comes from 'professional' clients, to whom ESMA regulation does not apply. There will be very little reason for eligible Plus500 clients not to opt for professional client status, which we do not believe to be the case for IG Group clients. There were two new licence wins in the year for Plus500, including Singapore. We believe the company is well positioned to win further licences this year. Despite regulatory changes going through in 2018 (2017 also saw a lot) we believe the company is well positioned to generate good revenue and earnings growth this year. It starts 2018 with c.100% more active customers than the prior year, and has new licence revenue from Singapore starting in January. At its core Plus500 is a market-leading technology and online marketing business combined with a compelling consumer offering, excellent risk management and phenomenal cost control. We see the analogy of Ryanair versus the flag carriers 20 years ago as very appropriate to how Plus500 is positioned Monthly performance Year-to-date performance CAGR since inception These figures refer to the past. Past performance is not a reliable indicator of future results. $ R Class 145.44 $ I Class 158.41 £ I Class 181.67 £ R Class 156.33 € I Class 165.90 Fund Size $159 million Strategy AUM $372 million Fund Inception 06 Jun 2013 Class Inception 22 Aug 2013 Fund Type Irish Long Only UCITS James Hanbury Adrian Courtenay Jamie Grimston For full bios visit now. In the medium term, we expect Plus500 to drive home its competitive advantages in existing markets, and move into new territories and verticals. Our base case is that potentially there are multiples of upside to the current share price. Figure xtract from Odey Allegra factsheet
stephen2010: Check out ALBA. Huge multibag potential. ALBA currently trading at 0.39p target price 6p making a nice 15 bagger. Please read the following: MARKET CAP PUZZLE ❖ Alba (market cap £8.4m) is in a resources neighbourhood populated with listed companies with much enhanced market capitalisations, such as UKOG.L (£134m) and JAY.L (£172m). With either shared project interests or adjacent tenements to these companies, Alba should trade at a much higher valuation than its current token value. Like Bluejay, Alba owns 100% of its ilmenite project. Direct comparisons with UKOG are also instructive. While both companies own other projects, UKOG’s 49.9% of Horse Hill Developments Limited (HHDL), when compared to Alba’s 18.1% means that Alba has approximately one third of the value of Horse Hill compared to UKOG but only about 7% of the market capitalisation. Once the market recognises these disparities, the room for growth in Alba’s share price is undeniable. VALUATION RATIONALE - Our valuation in this First Equity Limited initiation note uses a risked valuation approach for Alba’s two main projects, at Horse Hill and TBS. The Horse Hill licences are valued using independent published technical data from Schlumberger, Xodus and Nutech on the oil potential of the licences, along with our own assumptions on recovery rates, oil discovery value, resource and development risks factors. From this a risked value of $127m net to Alba on a ‘Base Case’ basis is derived for Horse Hill. Given the similar geology and economic potential of both TBS and Dundas, we have adopted a risked closeology valuation approach, by computing an NPV for Dundas of $223m and then applying a three-tiered risked probability calculation to arrive at a value of $54.7m for TBS. Once Alba announce its JORC resource and exploration target at TBS and Bluejay its Feasibility Study results, this number is likely to be revised upwards very rapidly, possibly up to $200m, representing up to 7p per share in additional shareholder value. We compute a valuation of $185m (£139m) for Alba, equating to 6.0p per share, of which 4.1p is attributed to the stake in Horse Hill, 1.8p for TBS. Given this analysis and wealth of valuation catalysts anticipated across the project portfolio in the coming months, we recommend the shares as a ‘BUY, with a Target Price of 6.0p, representing a potential 15 times plus uplift from the current share price.
jpfoster21: some thoughts on the current Plus share price if anyone fancies a read hxxps:// Any comments/discussion welcome.
dasv: markets live just now 11:09AM Plus500 Ltd (PLUS:LSE): Last: 376.25, up 6.25 (+1.69%), High: 403.00, Low: 370.25, Volume: 6.87m BE Quite a turn of events, this. PM Indeed PM Left field bid news here Real time stream connected. New messages will appear here the moment they are published. BE And let's be clear here. It's a shotgun engagement. PM You term this an engagement, rather than a marriage... PM That feels significant BE Well, yes. I think we're a long way away from talking about this deal as if it's completed. BE Basically, it's a shotgun engagement before she's even had the chance to pee on the pregnancy test. PM Bryce! BE Sorry. You're reading the FT, to remind ...... BE So there are a few important things to note .......... BE Firstly, the MAC BE We don't know what it is. But we know there is one. BE The Material Adverse Change clause. BE Conference call was vague to the point of obfuscatory, but we did get this .... BE The "general concept is if business material declines from what was presented to us, this clause will take effect” BE Which in the context of a business that's just lost half its business, feels significant. BE We'll be told about the specific MAC scenarios later, apparently, though no indication when. BE In the meantime, Plus saying it'll be one month until the ID checks are done BE And this deal won't be completed until, perhaps, September BE (With no UK takeover code applying, please remember, so timelines are even fudgier than usual) BE Secondly ....... PM One of the conditions is that it's done by eyar end, mind BE True. BE Secondly ..... BE We learned via the conference call that Playtech approached Plus500, and that “discussions began over a week ago” BE I assume "over a week" means about eight days ago. PM hehehe PM Maybe 9 BE That's not a lot of DD, really. BE So we have a deal on the table for September that can be called off on as-yet undefined terms. BE It seems to me that either Plus500 will be worth a lot more than 400p by September, or a lot less. BE So, yeah, it's an engagement. An engagement before they both head down to Superdrug to find out the specifics of their predicament. BE Thirdly ...... BE We have acceptance from the Plus500 crew ...... BE ... who have 35.6% BE But not, notably, from Odey. PM Interesting, taht BE Yup. No mention in the statement, and one would assume as largest shareholder Odey would be wall-crossed over the weekend. BE Read a lot of arb stuff this morning saying Odey's in sub 300p so will be happy. BE Personally, I'm not so sure. BE Odey funds had 3.97% of Plus at float BE Went up to 13% during July 2014 at around the 440p level. BE Then up to 20% by buying in May BE Given the volatility we can only stab at the prices there, but using closing levels Odey looks to have been buying at prices around 478p, 376p, 322p and all the way down to 285p. BE Back of the envelope, I reckon Odey's average in price will be about 400p. PM hehe PM So currently 6% out of the money PM And there I was thinking the Odey buying was rather clairvoyant... BE If Odey (or Odey's deputies, as we've mentioned before) is confident of the business I can't understand why the fund would tender at breakeven. PM Hmm -- but the statement from Plus pretty much admits that they aren't up to managing the business they have created. certainly not on the publicly-listed stage PM I suspect -- barring a MAC event -- that Odey have no option PM But to accept PM But we'll see PM Meanwhile, it's fair to early to say whether Playtech becomes Dan McC's new plaything BE Yup -- what's interesting here is that it's capitulation from the Plus500 management. Hard to see a holder voting to basically force management to continue running a business they don't want to. BE Though if Odey was averaging down through May volatility for a rescue bid then I guess that would've been extremely .... clairvoyant. BE Have some sellside. Here's UBS. BE Playtech today announced the proposed acquisition of Plus500 for 400p per share, an 8% premium to Friday's close which itself was less than half the 12 month high of 781p seen before the news on 18 May that the "UK Financial Conduct Authority required a review of Plus500's anti-money laundering financial sanction systems… prohibiting all transactions for existing customers until additional AML procedures have been completed" (source: Playtech's press release today). This significantly impacted Plus500's share price and the business, with its management today indicating revenues are expected to be below 2014's levels "with margins expected to be significantly lower" as, according to the company's release today, "recent events and associated publicity have meant that Plus500 has become the subject of increased scrutiny and has received additional requests for information from its regulators". BE In 2014, Plus500's revenues were $229m/£139m, EBITDA $145m/£88m and EPS 89c/54p. At its recent AGM on 27 May, Plus500 revealed Q1 sales of $82m and that through the end of May it had added a further $26m, putting year-to-date revenues ahead of H1 14's level, but since the FCA inquiry c$4m of revenues had been lost. It said at the AGM it expected it would take another month to re-approve existing customers' documentation and modify the process for onboarding new customers. It had $92m of cash at the AGM date, meaning the acquisition price represents a c£400m EV, or 4.5x trailing EBITDA, although this year's profits should be much lower. BE Given Plus500 only announced the regulatory issues two weeks ago, it seems to us that the deal has been concluded in seemingly record time. We believe Playtech's management will likely feel that its own experience of operating a multi-jurisdictional regulated business will allow it to resolve Plus500's regulatory issues as fast as possible. However, investors are likely to be nervous, especially given the pace at which the deal has been concluded and given that Plus500's management appears willing to take a price almost half of where the shares were a month ago. BE Nothing from Liberum yet, sadly. BE Here's Daniel Stewart instead. BE Plus500 today announced that they have reached an agreement with Playtech regarding the terms of a recommended cash acquisition through which the entire issued ordinary share capital of Plus500 will be acquired by Playtech. The recent suspension of Plus500 shares and freezing of customer accounts whilst anti-money laundering procedures were tightened was enough to question the sustainability of the Plus500 business model. Playtech’s expertise in operating in multi-jurisdictional regulated markets will go some way towards alleviating such fears. Furthermore, we believe the acquisition makes strategic sense for Playtech, which recently acquired TradeFX, an online CFD, binary options broker and trading platform provider, and enhances its offering within the online trading market. The offer of 400p per share, represents a c.8% premium to Friday’s closing share price of 370p, valuing Plus500 at £459.6m. The acquisition is expected to be immediately earnings enhancing, with completion set for September 2015. BE Which says nearly nothing, as per.
Plus500 share price data is direct from the London Stock Exchange
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