Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
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Thanks both - wasn't sure how long positions (other than shares) were detailed on RNS's. :)
Oi, financial instruments could be long positions. Frankly the change here is absolutely tiny so nil impact imv.
Looks like they sold shares and replaced most with a CFD long. Not sure if it was tactical to dip below 10% (however slight).
Am I reading today's RS correctly? That Odey have increased their exposure to financial instruments (shorting?) than a straight investment in the shares?
(for my part - I'm expecting Q1 - with all the turmoil - to have been positive for Plus)
My guess is next week not this for the Q1 update. Don't really understand why this isn't rated more highly - probably the potential for them to get burned on the trading account. However if they keep churning out $100m profit per quarter on the underlying business flow and don't **** it away on the trading account then we should consistently get 5%+ dividends and sooner or later all the share buybacks have to start increasing the sp. This should be above 1500p and really hitting new post Covid highs every quarter the results are stable
Any views on how Q1 went for Plus? Also any idea when the update will be? Looks to be either the first or second Tues of the month (so 5th or 12th Apr).
I have them at roughly 180m in customer income, but would be disappointed with less given how volatile the markets have been.
its a UT trade as in Unwind crossover trade. G&&gle it.
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Not I. I bought 2,000 at £14.61.
I already had 2,000 at £13.79.
Fingers crossed.
This is the share which has made me the most profit.
Who has bought £633k of shares today?
IMO - they've bought that business for it's operating licence and that alone. All the IP, the personnel, and any other other assets are superfluous. PLUS will simply leverage their own platform and marketing expertise into the Japanese market.
Also small number of employee s at < 10.
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Cal I think your on the money there, seem to remember the US aquisition was $30M so really a licence play.
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Aquisition of EZ InvestSecurities confirmed today.
It gives access to the Japanese retail trading market, which it states is a substantial market for them and represents a major growth opportunity.
RNS Number : 3633F
Good to be sat on a huge pile of cash!
Just checked and couldn't find a Nickel market/product. Which is probably a good thing!
They brought in "targeted hedging" a year ago, from memory. Less conservative than some of the peer group but hopefully they aren't too exposed to current commodity markets.
And about buying now? f I had any spare money to invest in Plus right now I would (and I'd really consider selling some of my other holdings if it goes under £13 - missed it last week sadly, when it did so.)
I don't think they take the other side (like others do) - it's been the age-old conundrum/argument on this and advfn's board. Plus never hedge (which, as you will know, has it's advantages and disadvantages) as far as I'm aware. I think, from memory, a lot of people got their knickers in a twist a couple of years ago about this very fact (when customer profit didn't go Plus's way, and everyone got upset because they didn't hedge). Perhaps this time, that lack of hedging might work in our favour. note the word might.....
Bought back in this morning. Easy decision as far as I'm concerned.
Positives are obvious - Loads of cash, ongoing buy-back, good dividend, super cheap on all metrics and exceptional trading environment (VIX +25).
So what are risks? I see three:
1) Russian customers or banking partners frozen out. Although guestimates suggest Russia less than 3% of revenue (assuming not using VPN to trade).
2) Regulation (there is always regulation and this is usually reflected in Plus trading at a discount to IG / CMC etc)
3) The one I worry about. Hedging Oil/Gas/Gold etc.....Is there a risk Plus are on the wrong side of this action. I just hope their risk team were prepared and hopefully Plus may have made some money long commodities.
Investor will be selling Plus to fund losses elsewhere and I'm not concerned that the share price has fallen, it always will in an indiscriminate sell-off.
But, I don't think the current share price reflects the opportunity. The possible reward (2000p near term) outweighs the potential loss (1000p near term). From what I gather February was an all-time record month for some of the peer group.
Has to be an easy decision to buy Plus500. But, would love to hear other points of view.
I would also suspect PLUS is benifitting from account activity in these volatile markets.
Its a good time for the company to make the most of its buybacks.
Beauchamp posted that on the 24th Feb, so it was then.....
Plus is likely to have done so well out of all this volatility and the pe on last years earnings is around 6 and are those earnings going to fall. I am not convinced they will and do not think by much if they do.
I can never get my head around the fact that Plus's share price drops like a stone the moment something bad happens.......when any savvy investor knows that bad stuff happening is absolutely wonderful for Plus as it investors choose these opportunities to risk their money on Plus's platform.....
Ah yes, I missed it being ex divi.