Member Info for CHEQUEMATE

Largely agree Tom but I have never seen a share price rise on ex divi date.

Any idea of what divi is in £ terms rather than $s?.

CM

Definitely didn't expect such a fall today. May be more to come yet as folk get out before ex divi tomorrow when share price can be expected to fall further. Far from sure I want to take more losses. Perhaps there is a big buy order waiting on the side. Can't see why this will rise much from here today.

Always hoping I am going to get a better price!.

Good luck all

CM

all time high of 623p today. Hmm.

Hope all is well folks.

Good luck

CM

Merit with both sides of the argument - sell ahead of ex divi and hope to buy in cheaper (timing is crucial) or hold and possibly buy more at reduced price but get dividend.

I too have been caught out in the past by trying to be clever and have got caught out. One of those cases when I feel what ever I do is likely to be wrong!. Short term I am sure there will be a retrace but likely to be a recovery and maybe quicker than anticipated. Those funds buying in to PLUS because it is likely to be promoted into the FTSE250 are unlikely to off load their holdings so there may only be limited sells.

If one is to sell ahead of ex divi date, then one has to take into account the spread and cost of commission on selling and buying. Perhaps the best time to sell would have been earlier today or there may be an opportunity tomorrow should the share price rise on the back of folk buying in last minute for the dividend, which there is likely to be some. Tried that myself in the past I think on other(s) stock..........and that didn't work either I seem to remember!.

Good luck to all whatever you choose to do.

CM

Share price negative now, sale may not have helped, although it looks like one non executive and his wife. He seems to have a history of selling. Hopefully he doesn't know something we don't. Hmm

CM

Yes, it's 5% of course. Sorry, it was getting late!.

CM

Moron = Miton!; lol!. Really shows we should all read what we have just posted.

Glad/hope the issue is sorted. It is not the nature of this board to be calling each other names.

CM

Nice to be the pigeon today and not the statue!.

Utterly amazed that the share price has jumped back up so far so quickly; never would have expected that when I saw the share price hovering in the low 1600s yesterday morning. Despite investing in shares for many years I sometimes just have to hold my hands up and say "what do I know?!".

I was unaware there is a withholding tax on dividends paid by PLUS. For anyone that is interested, I have posted a link to other countries where withholding tax applies (link permitting).

https://www.dlapiperintelligence.com/goingglobal/tax/index.html?t=17-withholding-tax

I was tempted to top up a little this morning when I saw the share price rising, but have decided to stay with the (meagre) holding I have. I am comfortable with what I have invested and don't want to become too exposed (for me).

Sheltie - never doubted for one moment what you posted about folk investing for the dividend; that may well be one of the reasons why the share price has risen over the last 2 days.

It will be interesting to see if there are any RNS issued in the near future regarding institutions buying in due to PLUS likely inclusion in the FTSE250 index. Although any holding under 3% (I believe) don't need to be notified.

Good luck all

CM

I was too quick to re-enter the market this morning it seems, having waited for the retrace to bottom out and rally. Taken back by 2nd. retrace this afternoon, didn't see that coming; obviously.

FlatBottomBroke - sorry to see you down, as indeed anyone. Sometimes things happen very quickly and we can all get caught out. There may have been some panic selling, but a lot has had to do with stop losses getting hit but also all the algorhythm trades which from my experience of seeing them within my other holdings is rarely a good thing - they seem to drag the price down. Far from sure that what have been reported as buys today were genuinely buys; more likely to be sells, otherwise I would have thought the share price wouldn't have fallen by so much.

The market looks not so much as to what has happened in any report but is forward looking and it obviously has taken exception to some of the contents. Perhaps we have all been rather taken in by previous RNSs and got carried away by the share price movement over the last couple of months or so.

As far as target prices set by brokers go.........I wouldn't take too much notice of them. They should be nothing more than of interest and can often be far fetched.

Sheltie - you mention that todays sellers haven't much time to buy back in to get the dividend and that is true. However, come ex-dividend date share prices tend to fall by the dividend amount. It is possible the share price will fall further than where it is today.

Lets see what tomorrow brings. Just not confident there will be much of an improvement and may well be a further retrace with the share price having not rallying into todays close.

Seems today we have been the statue and not the pigeon.

As always, good luck all.

CM

Back in at 1849, with the sp having fallen back a little since then, it remains to be seen if that was wise.

Vindicated or not, the sp is rebounding nicely from a much bigger drop than expected. I can't watch this all day. Surprised at extent of rebound so quickly. Could have bought back In at much Lowe level but somehow just haven't pushed the buy button. Never a good idea to trade in first hour. I had thought about putting a buy limit at £19 before market opened so will still be within that now, but for how much longer.

Good luck

CM

Soon find out. One of those decisions that whichever way I went I felt I was likely to get it wrong!. May have my finger on the buy button.

CM

Although sold out on Friday with a near 50% profit, I too will be looking out for the RNS on Monday. I will see what happens and won't rule out re-investing. Personally, I don't mind re-investing at a higher cost if I got things wrong rather than taking a hit by staying invested if I got things wrong. I've seen too many falls in share prices on the day of results despite how good the results were.

Fortune favours the brave, yes, but some are braver than others.

Good luck all

CM

Thanks for your thoughts and comments. I decided to twist rather than hold partly because I have seen too many profits sink on the day of results being issued, even good results. If the share price jumps up on Monday then good for those of you who have decided to hold. I will see what is in the results and the outlook. If I was to have set a target price for when I invested originally at around £12.00 then I probably would have looked at around £16.oo. Only of course, when a price it reached we tend to hold on longer; sometimes with regret.

Sometimes we have to say thank you, wave goodbye and move on (at least temporarily maybe).

Regards

CM

I may be wrong but.................I've sold out right at the end of play. I was more than happy to get more than £20 per share, if not a little more. Could have got a reasonable amount more early on today, but with "only" 300 shares that hasn't made a huge or life changing difference. A month or less ago I would have bitten someones hand off to be offered £20, giving me a profit of not far off 50% over 4 months; there are very few shares which can give you that over a full year and more.

Yes, I know the results are out on Monday and I expect them, on the face of it, to be good. However, what is of concern to me is what the outlook will be. I am sure the ESMA rules will affect PLUS if only in the short(ish) term but it is easy to gloss over quite what affect that will have. IGG have stated in a RNS that they expect revenue to be lower in 2019 than in 2018 reflecting the affect the change will have on it. That is not to say PLUS will be afffected to the same degree of course.

In a RNS issued on 7 June PLUS stated:

"As previously announced in the 1 May 2018 trading update, the full impact of the ESMA measures, which are now confirmed to take effect from 1 August 2018, are difficult to assess. Similarly, the Group's performance could also be impacted by the rate at which customers request to be reclassified, and are accepted, as elective professional clients."

Then in the RNS issued 2 July:

"Following the recent regulatory changes announced by ESMA, due to be implemented by August 2018, Plus500UK and Plus500CY began evaluating their respective customer bases regarding Elective Professional Client ("EPC" status in February 2018 and consider 12 per cent. of its customers in the EEA may be eligible for EPC status. Given that this 12 per cent. generate in aggregate approximately 75 per cent. of the Group's EEA revenue, the Board believes that the Group's EPC offering puts it in a strong position to maintain revenue from those customers following the implementation of the new ESMA rules. As previously disclosed, the Group's performance could be impacted by the rate at which customers request to be reclassified, and are accepted, as elective professional clients."

What happens if say, 1/2 of those 12% are not eligible or don't want to have EPC satus?. Will that not have a negative affect on the share price?.

I am just airing my thoughts, nothing more. It is not my intention to try to influence anyone; we must all decide what is right for us at any given time. Maybe the share price will jump 5% or more on Monday, who knows?. But for me I would rather take the profit I have made.

I can always buy back in.

Good luck all

Regards

CM

Latest update won't be a lie but will it be already priced in?. Will the market read something into the results that we don't see in our enthusiasm?.

CM

What will be interesting on Monday within the results will be the outlook. The expectation of good results and the likely promotion of PLUS to the FTSE250 next month has likely been driving the share price North with funds and institutions likely to have been buying in. However, regardless of the results, should there be any negativity within the outlook, particularly regarding any affect that the ESMA rules will have, may hit the share price, if only in the short term.

That, together with how the share price has performed of late, rising strongly, does in my opinion give some risk. I have seen numerous companies reporting strong sets of results only to see their share price fall on the day. Has the market already priced in the results?. Such strong rises in share prices over such a short time span tend to be followed by a retrace. Difficult to know/guess which way this is going to go. Indications would suggest North, but........ gut feeling suggests otherwise. Hmm.

Just my opinion.

Regards

CM

Looking back at your post, perhaps you meant LSE site rather than relating it to MGR, in which case you would be correct. Apologies for any misunderstanding.

CM

Don't know where you got your:

"Some rampers come on this site saying multibagger, you will get returns 10 times what you invest etc. etc. Not me."

I have looked back over posts going back 3 years and can see no one suggesting anyone would get returns 10 times what they invest. Infact, the only poster suggesting any multibagging at all is........you, at 4 times. To suggest the share price is likely to be over £2 within 12 months is being mighty enthusiastic and rather fancyful imo; although I will be happy to be proved wrong.

I am more than satisfied if any share price rise is steady.

Good luck

CM

Keeping a much lower profile generally, trying to relax far more over my investments.

Still have the good weather to enjoy and trying to make the most of it. No doubt it will all seem a long time ago not too long from now, and be assigned to the history books, as "do you remember the summer of 18?", rather like "do you remember the summer of 76?".

Agree BT, no good trying to change my mother, not that I would want to. I am heading South again after work tomorrow, sleeping in the car en route, to pay a fleeting visit, returning Sunday afternoon. Things are very much up and down. I have to judge things as they are and be prepared to do what is necessary. My investments are at best of secondary importance.

".unlike Jorge, one of our 2 puppies. He hasn't a clue, is frightened of everything he meets and pees all over the place when he gets excited!" Hmm, know the feeling. Not QUITE at the point of peeing all over the place when I get excited......YET!. That may come with a little more age I guess!.

GBG down a bit today. Looks like the algo trades are back, so price may be driven down a bit.

Hope all is well with all

Regards

CM