Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
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Yes, always a worry when companies venture off from what they do best and start of an acquisition spree.
But they haven't decided to take on debt to pay more dividends or do further buy backs so they are pretty conservative in this respect.
They may also just like a 200m buffer. If working capital of 525m is needed as stated. When they are on the wrong side of customer trading performance which we have seen can be over 100m, having an extra buffer means they can ride it out very comfortably.
Fair enough, but this has been on a low p/e for many years now. It remains to be seen what they are planning to do with all that excess cash, probably small acquisitions as you mention.
@tom, while the company looks undervalued in terms of p/e buy backs are good. It's Cheaper too for the investors that reinvest the dividends.
Sure, like all buy backs it increases EPS artificially, but on balance I'd rather the buy backs in this case.
Note they have said cash required for working capital is circa $500m. I believe this is the first time they've mentioned this so no doubt it's for a reason, presumably more acquisitions funded by cash. Time will tell whether this increases shareholder value or whether we'd be better off having the cash returned either by divi or buy back.
Rubbish dividend - they should be paying more. Half of the profits sit in the bank doing nothing, the other half get split between the dividend and a share buy back which is to raise the eps to make the BOD look good and try and prop the price up.
Outstanding profits and returns only negative at Plus is falling customer numbers.
We know that revenue & EBIT are substantially ahead of FY21 & that expectations are for us to exceed expectations for the year - & we were first told that with more than 6 months of the trading year remaining,reiterated a few weeks ago with the H1 update.I expect a strong dividend & continuation of buy backs with view to our extremely strong( & presumably still growing ) cash position .Hopefully news of our expected expansion into Japan & confirmation that our US division is growing strongly
My guess next div $1. Any Takers.
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Rather looking forward to the interims soon. I wonder what dividend?! It could be immense. More importantly I think the decline in commodity prices and terrible world economy is sparking bullishness that central banks will have to stop these interest rate rises soon. This must have led to trading activity but there is also the volatility from profit warnings in almost all sectors that must be so imminent and prevalent. What a share this has been confounding so many sceptics. Contrast it with last year’s wild bullishness on so many unbelievably high rated shares.
Active customer and new sign ups seem to be drying up, i would have thought russia/ukraine would make for volatile markets with lots of people using PLUS, is it due to the cost of living crisis meaning people arent trading as much?
If interested in the link send me a pm
I have published a guide to reclaiming back some of the dividend withholding tax if you are UK tax payer. https://www.********************451546706002918
I've got them in HL and ii. HL I had the dividend On Tuesday. ii still nothing and they always have a delay with receiving it
Mine was hl as well. Interesting that we are now a few weeks away from the cut off for a really big dividend credited again even if maybe November payment. Just wondering how big with this great profits.
Mine was paid Tuesday with H/L. Once I had a broker that got paid a plus dividend by cheque and because it was in $ it took weeks to clear, but that was years ago and they are no longer in business.
Thanks! Was it from II?
I was paid Tuesday as well. I wonder what the August dividend declaration will be. It could be massive.
They paid mine on Tuesday
Has anyone got dividends paid on the 11th? II still hasn’t paid and says they will do only when they get the cash
Us progress particularly exciting as there is massive US potential-apart from potential from our entry into new markets.Buy backs will clearly continue,with approaching $1bill in the bank & our yield should increase substantially with view to increasing earnings.
My only regret is not having a substantially higher stake !
(Alliance News) - Plus500 Ltd on Tuesday said its revenue in the first half of 2022 surged as the contract-for-difference provider benefits from "substantial progress in the significant and fast-growing US futures market".
For the six months to June 30, revenue was USD511.4 million, up 48% from USD346.2 million last year. Ebitda was USD305.3 million, up 63% from USD187.6 million. Ebitda margin was 60% in the first half, up from 54% a year before.
Well that was a nice surprise!
Trading update due soon will hopefully confirm that we co to us to make progress & factors affecting CMCX are not affecting us -although perfectly understandable that The Market will turn cautious ahead of trading news
CMC drop is a bit strange, they already warned about reduced profits and they came in as expected. Not invested there but typical market reaction.
The CMC news will definitely have an affect on Plus's share price today (and over the next week I'm guessing).