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
  32.50 3.12% 1,073.50 532,851 14:11:26
Bid Price Offer Price High Price Low Price Open Price
1,073.00 1,075.00 1,115.50 1,037.50 1,037.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 267.31 142.74 101.79 9.8 1,156
Last Trade Time Trade Type Trade Size Trade Price Currency
14:11:26 AT 300 1,073.50 GBX

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Date Time Title Posts
31/3/202008:28PLUS500 - CFD trading systems21,917
07/12/201916:12Ways to get Plusone Coins13
30/8/201916:42MINUS 500-
16/4/201913:56PLUS Markets (a subsidiary of ICAP plc)17
05/9/201818:57PLUS500 in FTSE250-

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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 1,041p.
Plus500 Ltd has a 4 week average price of 650.80p and a 12 week average price of 650.80p.
The 1 year high share price is 1,115.50p while the 1 year low share price is currently 399.70p.
There are currently 107,692,654 shares in issue and the average daily traded volume is 1,419,996 shares. The market capitalisation of Plus500 Ltd is £1,151,772,934.53.
1smallcap: chucko1 is right, PLUS are going to knock it out the part this Q and possibly this year. Share price far too low. No reason at all for the sell off last week other than being dragged down by the market. If we had a crystal ball I wonder what the forward dividend yield is right now. 15-20% most likely.
riverman77: Boom in Tesla share price reminiscent of bitcoin craze a couple of years ago. Reports of records number of new users opening broker accounts. Could be good for PLUS. Interestingly, if I Google 'Buy Tesla shares', Plus500 is the first ad that pops up.
josh 32: I think all things considered and relative to the all time highs of both igg and cmcx plus share price should be at least 10 pound 50 pence
18steven: Why I think buying into the Plus500 share price now adds up Paul Holmes | Tuesday, 25th June, 2019 | More on: PLUS The share price of Plus500 (LSE: PLUS) crashed in February, and the reasons were various. Increased regulation, accountancy errors admitted in its 2017 financial report, falling first quarter profits and clients winning their bets caused analysts to downgrade their targets and investors to flee. In my opinion the firm is over the worst, and its share price is now displaying evidence of bottoming out. My optimism also extends to the wider retail betting industry. Let me tell you why. The Financial Conduct Authority (FCA) and the European Securities and Marketing Association (ESMA), recently clamped down on retail trading brokers and spread-betting firms. After a period of investigation, the ESMA placed strict limits on the leverage clients can use to place their market bets. The rules came into place from July 2018. Many brokers have folded since, both in the UK and wider Europe, after many of their clients stopped placing financial bets. But like all other sectors, the fittest survive. Plus500 is fit and has the right strategy in place to ensure it survives and thrives. Why the fundamentals and technicals are a plus for Plus500 In my opinion, the various shocks that caused February’s severe sell-off are now priced in. Since collapsing from a 52-week high of 2,076p, the share price has traded in a narrow range for several weeks. Evidence of this range is illustrated by price currently trading close to the 50-day simple moving average. This simplified technical indicator suggests the market sees no reason to downgrade the firm’s value further, after closer analysis of the fundamental data. So let’s move onto those fundamentals. At the time of writing, Plus500 traded at 600p. With a market capitalisation of £660m, the heady days of being valued unrealistically at over £2bn are long gone. The firm has zero borrowings and liabilities of $51.90m. The firm’s P/E ratio is now 5.27 and the last pre-tax profits up to December 2018, came in at $503m on revenue of $720.4m. Rewind back to the 2014 revenue figure of $228.86m and pre-tax profits of $138.12, and it’s clear to see the improvement the firm has recorded since its July 2013 flotation. Despite its customer growth finding reverse gear, falling by -4% during 2018, a snapshot of current activity highlights the current performance. According to the firm’s latest key performance indicators for the first quarter of 2019, the current active client number is hovering at 100,000, where it’s remained since the second quarter of 2018. The new client acquisition number comes in at 20,000 during the same period. One reason I remain bullish about retail trading and the spread betting sector in general is due to my conviction that the industry has created new foundations from which to grow, after the huge shake-up which the FCA and the ESMA caused. In an excellent commentary a month back, fellow Fool Paul Summers also highlighted a reason why the share price of Plus500 might recover: Bitcoin is now up approximately 150% year to date, which can only benefit brokers such as Plus500, who allow their clients to trade crypto-coins.
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.
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.
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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