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Placing announced, hence dip. Mind you, also announced a move the the main market, which will help the s/p longer term and also the payment of the first quarterly dividend of 4.5p per share (i.e. a decent yield).

Good results. Revenue up 8%, profits and EPS up 32-33%, debt more than halved, free cash flow around 5x increase, total dividend for the year of 3.5p, outlook positive ('sales pipeline has continued to grow').

Very odd to have dropped on what look to me like excellent results. Any company that increases its dividend by 43% is a friend of mine. Looks like good support at 215 in any event so should be back up from here (it had been on a bit of a sharp rise, so some correction was inevitable,but this much looks overdone).

Looks overdone http://citywire.co.uk/money/the-expert-view-bt-berkeley-and-johnson-matthey/a818787?ref=citywire-money-latest-news-list#i=6 - says fine, if one comes in the end, is only likely to be around 9p/share - not the 30p drop we saw.

today - how much of the drop reflects this?

Nowhere near as much as showing (my buy is showing as a sell). And drop is 0.5% not 51%! Good dividend here.

AlexJ, your negativity is a bit baffling imo. This looks rather like QPP in that time showed that they actually had a very valuable legal business in there which Slater and Gordon saw and snapped up. I would say it's the same here. I.e. a predator swooping when an attractive company has had its s/p hugely dented by shorters, on the basis of some truth, but also much made-up fear-mongering. Plus500 haven't lost half its customers - 25% at most. And their reputation will be fine - most traders are not long-termers I'd guess and new ones would not really be aware of all this further down the line. What we can agree on though is that the price is very low! I'd have expected more like 450.

why the rise? Nice to see.

wot, once you've bought in you mean ;)

Decent enough AGM update: ""I am pleased to report that SMS continues to make significant progress in 2015, its 20th year in business, and to deliver continued growth across all segments of the business. Total annualised recurring revenues have increased by over 10 per cent. from £26.2 million as at 31 December 2014 to £29.0 million as at 30 April 2015, in line with management's expectations."

This is what we need now - nice bit of consolidation with gradual rises. No wild swings up or down.

er no. Money laundering yourself and ML by a company whose share you own are rather different things. I'm not aware that the latter is an offence. And as I said, it would be odd for them to ditch for that reason at this stage now that AML compliance is sorted - that would be shutting the stable door after the horse has bolted. Anyway, good to hear someone who thinks the Plus customer proposition is a good one. I hold IG as a a s/holder and use its platform but don't find it at all user friendly in its look. I've not tried Plus myself but from what I here, it is very user friendly in terms of its interface. GL with your trade.

Familyguy, I confess I didn't see exactly what point Indiana was making. I think what he's saying is that JPM won't sell, but it's not clear. Given that Plus will now be AML compliant, it would be odd for them to sell now on that basis.

The easy gains have yet to be made. I see a lot of upside from here. I would recommend going long anywhere in the late 200s-early 300s as it looks set to be up in the mid-300s when the shorters have tired. I think the shorts are dreaming if they see a gain here now short-term. See what I've done? Clever eh. I'm afraid raulc is short and not the oracle of Delphi. In a word, people long here need to hold on and not watch the screen and thus be tempted to sell. Wait a few months to see how things pan out and preferably longer. That way you'll make money. Odey won't sell until things are going well for the company again (until then he won't make any money either) and when he does, others will buy in because it will be back on an even keel, so the price won't be affected much at that stage.

But what if calling it caused it?

Indeed. Particularly this part: "As a consequence of the substantially increased size of the enlarged Group, it was announced that Optimal Payments would seek admission to listing of its ordinary shares on the premium segment of the Official List of the UK Listing Authority and admission to trading on the London Stock Exchange's main market for listed securities. The process to move from AIM to the main market is underway and, following such a move, it is expected that the Company's ordinary shares would be eligible for inclusion in the FTSE 250 Index of the London Stock Exchange."

today

today, hence drop

I suppose the only real issue is with the last sentence of the outlook statement, which reflects sterling's strength. Perhaps the election will lower sterling somewhat. "France is performing ahead of management's expectations with a significant order book extending into the second half of 2015. As a result, the Board now expects Sprue's revenue for 2015 to significantly exceed market expectations, however, due in particular to Sterling's strength against the Euro continuing to adversely impact gross margin, it expects the Group's profit before tax (before share-based payments charge) for 2015 to be marginally below market expectations."

Agree - very good. On cash flow, I liked: "During 2014, the Group placed significant emphasis on improving cash flow generating net cash flow from operations of £8.8m (2013: £2.2m). The balance sheet remains robust with net cash of £15.9m (2013: £5.2m) and no debt. In addition, improving cash flow further in 2015, the Group will shortly move to a monthly VAT return regime to be able to recover the excess input VAT from HMRC monthly rather than quarterly which will provide a sizeable one off but permanent cash flow benefit to the Group provided the Group's European sales remain around the current proportion of total sales." I also like the 33% dividend increase, increase in cover to 2.2 (from 1.8) and commitment to a progressive dividend policy.