Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Regarding tax "Accordingly, Plus500 Ltd's Corporation Tax rate for these three financial years has been reduced from 24%, 23% and 23% in each respective year to 12% in each of these years. Over $100 million of initial repayments and cash savings are expected to be delivered, with a c.$47 million rebate already received from the ITA in July 2020."
I had interpreted this incorrectly - I had assumed the £47m related was a rebate relating to 2017, 2018 & 2019 and the rest related to 2020 & 2021. Looking at the tax over 2017, 2018 & 2019 the $100m is for these prior periods.
I appreciate that ,Taverham ,but Plus have been operating successfully this way for years & have returned over $1bill to shareholders since IPO -so at what point does the risk premium reduce from 100% & our SP re rate to narrow the gap ?
True Taverham but YOY one strategy returns much larger profits..yoy yoy AND doesnt put people into massive debt (IG £11m bad debt, PLUS negative balance protection), one company makes 52% increase in profit and increases dividend by 0%, the other increased divi 249%...I can go on
Mr BB, IG are rated higher because as I understand it they back off their trading risks through market positions whereas plus take on the risks , making most when markets fall and vice versa.
The only explanation I can think of for the poor response to these sparkling results is that the city still think we are on aim, looking for oil in Africa and run by a russian!
Excellent results ,as expected & while they may expect Markets to ‘normalise ‘ in H2 ,they may not & volatility in currencies ,Cryptos ,commodities etc are likely to persist due to C19 & economic uncertainty around the world .
Interesting comment about the possibility of making acquisitions in territories where we currently don’t operate ,presumably with view to buying reasonable market share in those territories & then increasing it by migrating clients to our platform & focussed marketing to increase our share of those markets .
Additionally Australia is a smaller part of our total operation so while regulatory changes there will have an impact it will hopefully be less material than anticipated (by some).
I too wonder why IGG are rated so much higher than ourselves when we outperform them on every metric .
Returning over $1bill since flotation is staggering
we seem to have some large sales go through.......not sure why but perhaps an institution met their price target
Yea we are still getting tossed around but with 3,834,757 share buybacks @ 13.50, shorts to close, Directors to buy?, Institutions, solid yield?, no debt, ridiculous FCF blah blah..I cant find any better options anywhere!
Clear out the crap then we can move forward
I am hoping, once the institutions work out that the back tax, covers current divi and that the p/e is less than 3 they will pile in . Even if the performances normalises the yiled here will remain above 7% imv - so what could be better?
Surprised to see this price action...
Thanks.
Surprised this isnt flying a lot higher this morning
I think it's before JSM1. They can't comment on every individual's country of residence/tax regime and the israeli agreement (or not!) between the respective countries etc etc.
its about 73p - 20% TAX
Expect a large final and special though....
Great results...wishing I was overweight in these now
Can anyone confirm whether the 70p dividend amount is before or after tax?
Amazing...amazing results...70p interim dividend at around 12% yield....no debt....nearly $600m cash...share buyback of $67m....the list goes on....this is the cheapest share in the market....I will be loading up even more when we open!