Member Info for ggplyr

Yes, this and them presenting on investor meet Company looks like they have decided to increase share holder engagement.

PLUS are presenting on "investor meet Company" for the first time this month

Plus has CFDs, people on this board will use a stock broker for trading to buy stocks.
CFDs are leveraged so larger risks and larger potential reward than trading stocks.
So your question is like asking a group of Smokers why they aren lt using cocaine, both drugs but it doesn't mean you can expect all smokers to do cocaine.

There should be a voting button. 5 votes needed to remove posts that are ramping other stocks.

Re equity/funding. They said specifically they won't need to for 3 years.
It does make sense to raise equity at the moment with the share price still depressed.

"The same level of profit as the year before Covid on revenue nearly 20% lower - there seems to be tighter control on expenses."
Not at all, last year the provision increased by about 2.5m, this year it increased by 0.2m.

I second that- its nice to have insightful conversation/discussion. I don't want to read a play by play of someones trades, i doubt anyone else here does either.

Thanks Simplethesis

It's liberium lead not plus lead. I don't see the problem?
You and I could host our own conference call it doesn't mean we have to invite simpleThesis (but I probably would invite simpleT to share his thoughts)

SimpleT, did you listen in? Any highlights?

good chat

Inflation goes up, cost of borrowing goes up, returns go down. Future investments require a higher rate of return to be justified, so share prices fall.

But PLUS has no debt & has little capex requirement. Volatility goes up so short term prospects are better.
But Plus falls with rest of the market, but I assume only briefly.

Cheers for the explanation

What I wasn't sure of is do they have to pay 31p a share?
The option is free but not too sure if the ones that vest at 31p are free.

Ian smiths replacement might get them, depends what gets agreed I guess

I read this before but I was never 100% sure what it meant- Is it that as soon as the share price hits 31p they get the shares for free?

Ian smith has gone - so thats 1.235m of shares not being taken. The amount for James Roberts does seem on the high side- at 31p is nearly £400k (with his salary only being 150k)

I still haven't got my head around the process for issuing them now. if the price hits 31p and everyone wants the shares they are entitled to then the "Employee Benefit Trust" needs a lot more shares - it can buy them on the market like it did recently, but it needs way more than it has and the volume would likely materially bump up the share price in the short term. Alternatively it can just issue new ordinary shares.

Lloyds and Natwest both recently reported releasing some of their bad debt provisions. More lenders to follow suit. TIME will presumably do the same in due course.

Huge improvement in forbearance etc. Provision hasn't been reduced so they still have 2m of provision to be released.

Grow the book first rather than pay a dividend, keep 1m for working capital, 5m to to loan out (i.e. 25-50m to loan out when the cash is leveraged)

IGG client income in fY20 = £959m
Net trading revenue in FY20 = £649m
The difference between these two numbers is the cost of hedging, i.e. £310m a 32% of their client income. prior year this was 26% of their client income.
PLUS does not have this cost, it has volatility in terms of Customer trading performance that overtime is expected to be neutral.
PLUS Customer income over 2019 & 2020 was $1.326bn
The Customer trading performance over that same time was a loss of $0.100bn. This is 8% of customer income, which can be compared with IGGs cost of hedging... and still while this is an 8% loss, over a long period this is expected to be 0.

"I think being significantly reliant on your clients losing money for you to make some is a fatally flawed business model."
This statement shows you don't understand it.

Kindly crack on ramping up IGG on the IGG board.
Or at least do a little research on the company first (