Share Name Share Symbol Market Type Share ISIN Share Description
Plus500 Ltd LSE:PLUS London Ordinary Share IL0011284465 ORD ILS0.01 (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  +4.80p +0.78% 622.20p 676,312 16:35:12
Bid Price Offer Price High Price Low Price Open Price
623.00p 624.80p 640.20p 618.00p 628.00p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 564.91 394.43 261.13 2.4 705.6

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Date Time Title Posts
25/5/201911:07PLUS500 - CFD trading systems20,409
16/4/201913:56PLUS Markets (a subsidiary of ICAP plc)17
05/9/201818:57PLUS500 in FTSE250-
23/8/201814:23share drop5
16/8/201807:57be careful...2

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Plus500 (PLUS) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2019-05-24 16:44:20627.3012,22076,656.55O
2019-05-24 16:43:55623.4620124.69O
2019-05-24 16:23:05626.541,76611,064.70O
2019-05-24 16:14:47629.942011,266.17O
2019-05-24 16:10:00629.942091,316.57O
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Plus500 (PLUS) Top Chat Posts

Plus500 Daily Update: Plus500 Ltd is listed in the Software & Computer Services sector of the London Stock Exchange with ticker PLUS. The last closing price for Plus500 was 617.40p.
Plus500 Ltd has a 4 week average price of 522p and a 12 week average price of 399.70p.
The 1 year high share price is 2,076p while the 1 year low share price is currently 399.70p.
There are currently 113,407,268 shares in issue and the average daily traded volume is 703,159 shares. The market capitalisation of Plus500 Ltd is £705,620,021.50.
bulltradept: "So traders and gamblers making more from Plus share price this morning - quick profits for some - vs large losses for investors." Meh, all big boys now, investors can take it if they've practiced proper position sizing as in portfolio mgt. Otherwise and to quote. "A fool and their money are lucky enough to get together in the first place."
fenners66: So traders and gamblers making more from Plus share price this morning - quick profits for some - vs large losses for investors.
growthinvestor2001: well lets say I have 10,000 shares and the div was 50p (and lets pretend the share was relatively stable - no news etc). I sell a day or so before ex div day (like many others - you'll notice a pattern normally of the share price dipping just before ex div). Then on Ex div day first thing I would expect the share price on the open to be roughly 50p less than I sold it for. I then buy back those 10,000 shares for 50p less, thus leaving me with 10,000*50p cash still in my brokerage account, minus say £12 sell and another £12 re-buy costs. Notice I instantly have my dividend - can can go and buy other things with the cash and I still have the same 10,000 share investment. If you do it the traditional way and hold the shares the same thing will happen with the share price drop (say 50p drop by the time it opens on Ex Div. However you will get 25% LESS dividend than me so 37.5p per share because of the withholding tax and you won't get it paid for months. Even if you went through all the pain of trying to reclaim some of it you would still get less than the 50p and you would then have to wait , in this case , FIVE MONTHS!! before they pay you that dividend. You can see my way is more advantageous financially, in terms of time to get the dividend and also in terms of no paperwork to fill in and chase up.
andrewbaker: They are buying their own shares on the cheap, Odey is buying back after selling, and the share price has been up and down significantly (halving and doubling almost on a yearly basis) for the last five years. This is not just a business whose customers are gamblers, but a business where the business itself - as represented by the shares - is a gamble. It will continue to trade well, as do nearly all bookies and similar because their punters are hooked/addicted, and the share price will continue to be volatile. Not the least reason is that many of their customers probably punt on the shares too. The fact that 80+% of their customers lose money is par for the course where gambling is concerned. If they didn't, the business wouldn't do so well. You can't tell an addict that he is one: if he knew, he probably wouldn't be one, because that's the nature of the beast. In short, PLUS is a share to buy and own when the price is low, and to sell when it has risen enough to book a healthy profit. And whilst the the underlying business is sound, as it is now, keep doing it (like Odey, maybe?)
barryharmer: The big secret that will cause Plus500 to crash…. Really? Possibly Plus500 cut a few corners in the early days before the regulators gave them a big slap on the wrists and caused the Playtech debacle, but things have changed. Since then,they have brought in senior management and directors that have a strong and trusted background in compliance, as well as many of the founders have stepped back from their executive roles. If there are some bad skeletons in the cupboard that the industry know about, then how come Plus 500 was allowed to move to the Footsie? Most of the founders are no longer employees of the company, and are selling shares to raise capital to use as venture capital in new potentially extremely more profitable start-up businesses. Plus 500 are generating huge revenues, and paying most of the profit back to shareholders – the suggestion that these dividends are funded by founders share disposals is laughable. The business is a technology business to profitably run an online trading system for amateur traders that are really just gamblers. They have a successful affiliate marketing network that delivers to the get rich quick novice day trader’s a simple to use platform, and that they will mostly end up either just losing their deposits by making bad calls, or eating it away with the fees associated with spreads and/or overnight funding. As with most gamblers, once they have a little bit of luck / success, they then go large, and blow the winnings. This same mentality also makes the gaming industry very profitable, and nobody is predicting that they will burn all their punters through churn, as one broke punter is replaced by another optimistic punter with a full wallet. Plus 500 realised before the regulators enforced it, that negative balance protection was a gold mine… if the mix of gearing and volatility was high, it was very probable that a share price would dip below the margin, and closing the position was a win for the house. If it went the other way, the punter would not want to close the position until it was falling again as they were hoping it would continue in the direction they wanted. The shorters are Hedge Funds, known for giving their investors relatively poor returns on their investments due to a mixture of taking risks and charging exorbitant fees. They are most probably playing a game with Plus500 as they don’t like the fact that they are not “City Boys”.
barryharmer: Somebody buying Plus500 exactly a year ago at closing price would have made a 56% gain on their investment, as well as receiving 21% of their original investment as dividends, if they claimed back the 10% withholding tax. Plus500 28/12/17 closed 889 Plus500 28/12/17 closed 1392 Year gain = 889/1392 = 1.56 = 56% Gain Dividends paid = 137.86 +81.29+63.5 = 240.2525 US cents – deduct 15% and convert to £UK gives you approx. 189 UK pence 189/889 = 21% dividend. The unfortunate few who bought near the peak of £20+ are feeling a bit sorry for themselves, but with another bumper dividend predicted to be announced Feb 12th, and a strong hint that the business is running with strong growth and not affected as much as its competitors by the new ESMA regulations introduced in August, we should see the share price zoom back up into the £20+ range, if not hit and eventually exceed the £28 predicted by Liberum Capital (the house broker). Soon the shorters should realise that the founders are selling because they have more exciting new companies to help to market that will give them more satisfaction, kudos and huge gains, that would dwarf the gains that would be possible with Plus500, even if Plus500 hit £50 per share. They have been selling regularly since the IPO, and even the last sale at £13.90 produced a huge profit for the founder (who no longer is a director) and was happy to sell out at £4 per share back in March 2015. Since those days the senior management has been strengthened by the inclusion of directors with a strong regulatory background, and the company has been very careful to comply with best practice for the industry. Some of the new rules introduced by ESMA such as negative balance protection and the ban on binary options did not affect Plus500 as they were already compliant from the start of the business. The other concern with Plus500 voiced by some commentators (in league with the shorters?) is the sustainability of the growth of the business. They have a warning “80.6% of retail investor accounts lose money when trading CFDs with this provider.” and IG has this warning “79% of retail investor accounts lose money when trading spread bets and CFDs with this provider.” – Plus has 1.6% more retail investors losing money with them than IG. I could not find a figure for the percentage of retail customers who lose money on Bet365 website, but an educated guess is that it is getting close to 100%, but nobody expects the company to contract in the near future as gambling is a growth pastime, and the losers either find more money, or new gamblers take their place. The reason that the gamblers are attracted to Plus500 is the mixture of innovative internet marketing and the “user friendly” proprietary user interface that is available across most mobile platforms and available in 32 languages. I also predict an extra-ordinary increase in customers and volume of trades via the Australian subsidiary when the year end results are published… this is because you can choose which subsidiary site to use, and if you don’t like the restrictions that ESMA has introduced, just open an Australian account and continue as normal. If you compare all the metrics of Plus500 with its major competitors IG and CMC, you will see a huge difference in the figures. Plus500 is far more efficient business, producing greater profits with lower costs. It also is very investor friendly with its dividend pay-outs, guaranteed 60% of profits after tax, and then most years a special dividend to push the pay-out last year to very close to 100% of profits. This year Plus500 moved from AIM to a full listing, entering the FTSE 250, if it was not a reputable company, complying with all the required regulations, it would not have been accepted. In my opinion there is no reason why the company’s growth, profitability and dividend pay-outs should not continue into the future. Myself, my family and friends have had significant holdings in Plus500, I started building mine in October 2013 @ 181 pence, and have no regrets. May the share price soon reflect the true value soon.
saltraider: Metis, I think the shorters will be in better shape than that. The data on shorts over .5% only give the date of the last change in the short position (over .5%) and this change may have been relatively small and even negative in some cases. So a sizeable proportion of these reported short positions will have been built up when the share price was quite a good deal higher than on the last reported change date. I don't think many shorters will be under water at the current price level. They will all be suffering significant reductions in their gains as the share price rises and some may well be looking to get out at a discount by buying founders shares. From a conspiracy theorist's standpoint perhaps some of the shorts are even secret bulls aiming to get the price down so that they can buy a last tranche of founders' shares at a really low price ... and then make big gains as the share price rises again with shorts and founders overhang both out of the way. Or maybe they all do think there is a 'biggie' to come and Plus is going down to the floor. Since this is also ElC's theory, it is almost certainly not the case.
chucko1: OK, this is interesting. So the bulls are of the belief that enhanced volatility will lead to the level of profits that will take PLUS somewhat higher. I agree that volatility is THE key component, but followed by their increasing success in international roll-out. Multiply the two factors together and you will not be far off (barring “the big thingy”). So what of volatility? The VIX is often cited and it has moved somewhat higher since early October and has remained there (increased further, in fact). But there are also a series of VIX futures with contracts extending out to July 2019. What is notable is that the front VIX contract (Nov18) is 20.36 (and is what is commonly referred to as the VIX), but the later contracts only fall to 19.05 (in the case of the JUL19 contract). This quite gentle shape suggests that “the market” believes that volatility will remain relatively elevated well beyond Q4. Maybe, maybe not, but in theory, PLUS could actually hedge their higher earnings in part by selling VIX futures contracts! Or you individually could hedge the PLUS share price! (shame to say you would have to have a pretty big position as just one contract has a sensitivity of $1,000 per 1% volatility change (arithmetic change, not geometric). I’ve got a better idea - I just checked on the PLUS500 web site and you can trade the VIX on there! Full service on this board, I tell you. Worth pointing out that as the Dow has rallied some 350 points, the VIX has just fallen from 21.3 to 20.2. This negative correlation is persistent. What this means is that owners of PLUS really do not want to see any meaningful recovery in equities, and so as previously stated PLUS is a wonderful diversifier if sized correctly.
andrewclarke99: Agreed. Will be interesting to see the effect on both IGG and Plus share price when the market opens
stuffee: The Market has IMO been over spooked by ESMA effects, coupled with the ludicrous profit estimates by the Company's brokers. Plus achieved pre tax profits of $346min in first half 2018 and the brokers are effectively estimating just $74m for the second half or $420m for year, equivalent to eps of c 220p. The super bears can have a field day by broadcasting future annual profit suggestions of just $148m (double 2018 H2). Inevitably the vulnerable share price has been hit due to the ESMA uncertainty. I am not too discouraged re ESMA. As discussed here, unlike many competitors ESMA should not have too great an impact on Plus. After allowing for 28% of its clients ( including those in growing markets such as Australia and Singapore) not within the EEA and outside ESMA's jusisdiction and the growing number of EEA clients switching to professional status, the gearing restrictions should only effect a minority of its business. And of course although the professinal clients are a minority by number, they represent a far higher value of business. In any event the Company has mentioned that relatively few of these non professional clients geared up to the maximum in the past. Plus has always offered clients negative balance protection and should gain from ESMA's new rules on this which might well eliminate smaller competitors. Like many other examples of new legislation affecting businesses, it tends to have a significant immediate impact and then over say 12m to 18m, trading recovers to former levels. The new ESMA rules took effect from 1 August and interesting, the brokers have already stated that trading since then has been "more than encouraging". Estimates for 2019 (which are probably too conservative) are pretax profits of $380m, eps of 200p and dividends of 167p. A prospective PE of around 8 and yield of over 10% won't be avalable for too long IMO. This is too great a discount against competitors, which are not growing so impressively and have now lost many of their leaing market positions to Plus. Before El Cap, sb888 and any interesting successors start learned pleading that Plus is so different to IG, since it does take small positions, they should appreciate Plus has disclosed profits from such trading positions are relatively tiny; like others, it earns its keep from dealing spreads and overnight interest charges. There is not so much difference in business models, apart from Plus' great success in new markets and superior growth. Plus does not enter the FTSE 250 until 24 Sept, so I expect considerable tracker fund buying in Sept. Markets always hate uncertainty and I guess Plus price will maintain its volatility until it starts disclosing Q3 results but I don't feel the current yield of 10% will be around for too long.
Plus500 share price data is direct from the London Stock Exchange
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