London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Berenberg initiated with a consensus EPS and an 800p PT. They missed most of the key issues, but have at least met the UK CEO. It is, at worst, another analyst hence another group of salespeople and another audience.
Volatility has continued throughout Q1 and since the comments in the trading statement were published we have been in a strong uptrend. Given most insvestors/punters are long, I'd expect that to translate into very strong trading numbers. I also like the sponsorship of athletico Madrid - a shrewd move Imo. Lots of coverage from Tuesday's game Vs Barca and you can't do all the acquisition via digital. I know from experience that you need strong ATL activity to complement digital activity. Agree with the comments, big question is whether they can turn the higher digital spend into cash. That said, there won't be an easier quarter than this to prove their acquisition model continues to work. I'm looking for a really strong set of results. I am somewhat concerned that they have appointed a 30 year old as CFO. If we want a £1bn plus mkt cap, will the individual be strong enough?
See Financial Results 17 Feb Ist Para - Financial Highlights - 3rd line - EBITDA Margin 48%
Just checked last couple of trading updates and I dont think they actually state ebitda margin. It's mainly centered on revenue, new customers and average revenue and cost per new customer. Obviously if these are strong it would read through into ebitda but I don't believe they state it explicitly.
You & I agree on that, testpack3. Good comment.
The interesting KPI, which will decide if the sp is to breach £7 again will be the EBITDA margin. 2014 was 64%ish and 2015 44%ish, but obviously much lower than 44% in the second half of year. BOD explained the lower EBITDA margin as a result of higher marketing and regulatory costs. No doubt it will be a v good trading update, and if EBITDA margin is above 55%, then I would expect 10% increase in sp. If PLUS traded on same PE as more well known peers, sp would be £10+. .
In a way it's good to see the right topic will spark debate but thats out behind us. Also as a long term holder here I see we have a trading update on 18th April. From the final results we were given an indication "Current trading: · Strong start to Q1 2016 with increased number of New Customers and Active Customers, revenues and EBITDA margin". Do we see anything that would have stopped this momentum? I believe not but interested in opinions?
I would appreciate if either of you stop posting/responding concerning your holdings/cfd or any other non related discussion. Thank you
Oh dear, another schoolboy error from you. Volatility posted his 'chunky' holding Fri at 13.18. My response with my holding was Fri at 2300. Oh dear, Oh dear. As I said before, plse engage brain - sorry , U dont appear to have one.
You make it up, as you go along - sad really! Volatiltyisgood mentioned his/her holding only AFTER you revealed yours. Oh, if only you had a brain to engage.........
Re: Bragging gambler. I only mentioned my .holdings' with PLUS since Volatilityisgood mentioned that he (she) had a 'chunky' holding. So, more advice for a junior investor, plse engage brain before doing anything.
Good on ya, Volatilityisgood (nice handle, by the way) – we really have got under his skin. What testpack3 doesn’t appreciate is that if there weren’t for GENUINE shareholders like us investing in PLUS500, he wouldn’t have its share to take a punt on. It’s good he’s gone the extra mile and also told us how much money he’s made on his bet – but like most bragging gamblers, we will probably only hear about his winners and not his losers!
Testpack, well done nice profit and brilliant timing to get in at 240p. Thank you for clearing that up ie divi/CFD adjustment. I hold 20k at an average of 400p
With a handle like that you will appreciate a cfd trader. The post was marked for justdeezerts, but since you want to put yr nose in, it's only a matter of semantics. I stated a divi in my original post since some posters may not have been au fait if I had mentioned a CFD adjustment. And fwiw I hold 8000 shares in Plus on a CFD, majority bought a "2.40 ish. The margin was paid with the profit I made when holding the shares thru a broker (TDW) before the FCA problem. Trust you;ve done better.
I've observed this chat board for years and have joined today to try and end this ridiculous 'conversation'. Justdezerts is completely correct. As a CFD holder, you don't hold the underlying asset/share and thus are not eligible for any dividend. If you hold a CFD when a share goes ex div, then the CFD market price rebases to the new ie ex div price. CFD holders do not receive a divi but there account is also rebased - that way there are no winners or losers from the divi. Spread betting on shares works the same way - otherwise everyone would just short the day before a share goes ex div and then close the share on ex div day and bank the profit. Unfortunately, its not that easy to make money on the stock market! For what it's worth, I hold a chunky amount of these shares and take this investment very seriously. So let's cut the rubbish out and focus on proper debate.
Here's my last message on dividends and to you in particular. You're not a shareholder (as you intimated you were), when telling us you received 'your dividend' on 24 March - as if you had been favoured ahead of other shareholders. And yes, here's another reference about CFD traders, of which you have admitted to being one: "CFD trading is very similar to shares trading except that when you trade a contract for difference you don't own the underlying share. Unlike investing in stocks, when you trade CFDs, you are not buying or trading the underlying asset. What you are buying is a contract between yourself and the CFD provider.' In other words, you're a punter (like the ones found at Ascot and Kempton Park) and may I suggest a deceitful one at that! . You're certainly NOT a shareholder, so please don't pontificate to GENUINE shareholders on the subject of dividends, as you know little or nothing about them. My discussion here was never about the advantages of CFDs over share ownership, or vice versa, so it's pointless trying to extend this any further. So now it's "Goodnight from me" (in memory of the late Ronnie Corbett) .
To prove you are not more foolish than you look ( yr friends n family will appreciate that), plse tell me exactly what you meant by the statement - ' Genuine PLUS shareholders need not panic, or be concerned!' - , and then tell me what benefits 'genuine' shareholders have which CFD shareholders do not have. Another visit to google for you methinks. haha
If you write rubbish on dividends like an idiot, continue to write rubbish on dividends like an idiot, then I guess I have to draw the obvious conclusion........
If it looks like a divi, smells like a divi, acts like a divi, then it is a divi, irrespective of where the money ( the important bit) comes from. Eventually, ( in May), the money will come from PLUS. Now be a good boy and be quiet on this subject.
I stand by what I said - the 41.5p per share paid to you on 24 March was NOT a dividend. You are also right that I know little about CFDs, so I would refer you to the following internet reference: "Dividend charges or credits are very similar to interest charges, because they are used to ensure that CFDs mirror the value of their underlying stocks. If a trader holds a long CFD on a stock during a dividend payment period, they will receive payment for that dividend on the ex-dividend date, from the BROKERAGE COMPANY. (not the company paying the dividend)." You are clearly not a genuine shareholder and you know even less about dividends (or how they are paid) than you do about CFDs. DYOR
I understand your concerns HeresHopin, but I think the decision to accept the bid by PTEC would have seen the owners and Directors of PLUS well compensated financially, and maybe ongoing employment in the group. The Directors would not be particularly concerned about the feelings of ii and pi's. I also think this latest announcement about boiler rooms has nowt to do with PLUS, and I am confidant, that when we see the next 1/4's trading that the sp will breach £7, but here's hoping. GL all
What do you mean - genuine shareholders need not worry etc. You obviously know nothing about CFD's, or how they work, and I suggest to you that making comments on subjects you know nothing about makes you look rather stupid.
testpack3 - if you received it on 24 March, it most certainly didn't come from PLUS, nor can it be considered to be an actual dividend. I think HeresHopin is spot on here - it is most likely to be a cash adjustment from a third party, as a result of a CFD transaction. Genuine PLUS shareholders need not panic, or be concerned!
I received on 24 March 41.5p per share.