Member Info for justdeezerts

UBS started covering AHT from Nov 14 with a 'Neutral' recommendation. Since then they have continued with its 'Neutral' status including a Target Price of 900p in its 3 June 16 update. Based on that track record, why would anyone be influenced by its latest 'Sell' recommendation? DYOR

" Notice is hereby given that an Extraordinary General Meeting of Plus500 Ltd. (the “Company” or “Plus500”) will be held at Regus offices, Level 9, CityPoint, 1 Ropemaker Street, London EC2Y 9HT, on 15 December 2 016, at 11.00 a.m. for the following purposes: As special business to consider, and, if thought fit, pass Resolutions 1 to 3 inclusive below: 1. As required by Israeli law and in accordance with the recommendation of the Remuneration Committee and the Board of Directors, to approve the following remuneration terms for Mr. Asaf Elimelech, the Chief Executive Officer and an Executive Director of the Company: a. An increase to the service contract fee payable to Mr. Asaf Elimelech for his services as Chief Executive Officer and Executive Director from NIS 840,000 (approx. USD 221,000) per annum to NIS 1,100,000 (approx. USD 289,100) per annum, effective 1 January 2017. b. The payment of an annual bonus for the year ending 31 December 2016 of NIS 1,000,000 (approx. USD 262,800) in recognition for Mr. Elimelech’s services to the Company during 2015 and 2016. c. The payment to Mr. Elimelech of an annual bonus for the year ending 31 December 2017, as set forth in the explanatory notes. d. The grant to Mr. Elimelech of a share appreciation right in the amount of NIS 1,200,000 (approx. USD 315,400) vesting after two years from the date of grant, with a maximum payout amount of NIS 4,800,000 (approx. USD 1,261,700). 2. As required by Israeli law and in accordance with the recommendation of the Remuneration Committee and the Board of Directors, to approve the following remuneration terms for Mr. Elad Even-Chen, the Chief Financial Officer and an Executive Director of the Company: a. An increase to the service contract fee payable to Mr. Elad Even-Chen for his services as Chief Financial Officer and Executive Director from NIS 840,000 (approx. USD 221,000) per annum to NIS 1,100,000 (approx. USD 289,100) per annum, effective 1 January 2017. b. The payment of an annual bonus for the year ending 31 December 2016 of NIS 1,000,000 (approx. USD 262,800) in recognition for Mr. Even-Chen’s services to the Company during 2015 and 2016. c. The payment to Mr. Even-Chen of an annual bonus for the year ending 31 December 2017, as set forth in the explanatory notes. d. The grant to Mr. Even-Chen of a share appreciation right in the amount of NIS 1,200,000 (approx. USD 315,400) vesting after two years from the date of grant, with a maximum payout amount of NIS 4,800,000 (approx USD 1,261,700). 3. As required by Israeli law and in accordance with the recommendation of the Remuneration Committee and the Board of Directors, to approve the fees payable to Ms. Penelope Ruth Judd for her services as Non-Executive Director of £54,450 gross per annum effective 28 June 2016. By order of the Board of Directors "

Yes, I came across this company a few weeks ago - definitely one moving below the radar. Appears to have some global names as clients (e.g. Pepsico & Philips). Surprisingly for a quoted company, only 7m shares in issue and @ 345p has market cap of a mere £24.15m. The directors + 3 other shareholders account for 57.35% of total shares, so if this company does meet its the growth forecast, a re-rating could be expected. However, if it falters in the future, shares could prove difficult to jettison. Best of luck & DYOR

I have just purchased 500 shares @ 292p. It is showing as a 'Sell''. How many more transactions are being logged wrongly. Company with great potential IMHO, but DYOR.

http://www.leaprate.com/2016/11/uk-online-trading-survey-ig-leads-with-cmc-markets-plus500-and-fxcm-gaining-in-cfds-and-fx/

Welcome with your first post on this site. You use phrases such as ".. from a simple search of a few key words..." (as opposed to "Following my in-depth investigation etc..."). Also you say. "My guess is that marketing spend......" (as opposed to "My detailed enquiries on future marketing spend suggests etc...."). You haven't really provided any of the concrete evidence I need to help me decide whether this share is a long-term Buy or a Sell.

I agree that this has become a trading stock and on AIM that often exaggerates share price movements. Half year results were announced on 5 Sept 16 (only 3 weeks before Q3 ended). Directors would have had some idea of Q3 trading, yet still went ahead with an interim divi of 23.24 cents (a 10 per cent increase over 2015). Even if Q4 revenues are no more than same period in 2015, total will top £300m for the year - an increase of 10 per cent. Based on a committed policy, total divi for 2016 should be no less than 2015 - i.e. 84 cents per share. Applying $1.25 @ £ and deducting 15% withholding tax, this still gives a gross divi of over 70 pence per share. Where else can you get a yield of over 10 per cent pa?? Still long-term hold IMOH Best of luck all DYOR..

Totally agree, testpack3. Recent price drop over-exaggerated. Creeping appreciation is definitely the best way forward. Current year interim divi was 20 per cent increase on 2015. If current growth rate continues for the rest of year, total divi (including special divi) for 2016 could be 90+cents. Add in the US dollar v. sterling appreciating 15% post-Brexit, I reckon gross div yield will over 10% pa. Name me another growth share comparable with PLUS? Always DYOR.

Your positive points noted. However selling for 'personal reasons' and 'wishing to diversify' (i.e. outside of the company) are IMHO, two important negatives and never reassuring for long-term investors. Especially as the rest of us are not privy to the 'Inside Information' supposedly given to the institutional buyers with inducing them to buy into this placing). Just on divi yield alone (assuming current profit levels remain sustainable), PLUS has always appeared undervalued @ 750p ex div. So a placing @ a 7.5% discount to yesterday's closing SP seems opportunist and irrational to long-term PIs. As you say, TR1 disclosures will hopefully paint a more reassuring picture. Finally, any thoughts on the logic why the placing announcement was split between after hours yesterday and pre-market opening this morning? Do we really believe the placing was hammered out overnight? Why not announce the whole thing @ 7am today? Don't understand what was achieved, frankly.

I agree dropinmonkey. 12 months ago, Founders were prepared to sell out everything for 400p to their friends. Luckily for PIs, they were thwarted by of all people, the FCA. So getting another 250p now for a big chunk must have been too tempting to refuse. Their action is disappointing for PIs. but with the 3rd quarter's trading all but complete, presumably the 'institutional purchasers' must have been reassured as to trading levels. It is a pity the Founders appear short-sighted by not moving the company to the top league (like its sponsored Atletico Madrid), rather than languish in the manipulative AIM market. Or perhaps they have tried to do so and have encountered a problem - hence this placing. Assuming future divi policy is sustainable at current levels, PLUS remains a good investment IMHO, but yes, PIs may need to consider following the Founders and reduce expectations for a future exit price.

Satisfactory results cautiously prepared, IMHO. Sustained dividend growth should be reflected in a upwards re-rating. Probably won't happen though, whilst shares continue to be traded on AIM.

bgw1970- how are you comparing PLUS figures with those of its competitors? IG's FY14 presumably refers to its year end May 14. Yet PLUS500 has a December year end. So, if PLUS500 ARPUs were 55% of IG in its year ended May 14, precisely what period of PLUS 500 accounts are you taking to make the comparison?

Hi Steeltrader. Yes, you're right - the interim for half year to 30 June 15 was paid on 29 Feb 2016. Below is an extract from the RNS announcing the details: " Further to the announcement dated 23 November 2015, Plus500 is pleased to declare an interim dividend in respect of the 6 month period to June 2015 of $0.2121 per share, with a total dividend pay-out of $24.37 million. This dividend represents a distribution of 60% of H1 2015 net profit, in line with the Company's stated dividend policy. The dividend will be paid on 29 February 2016 to shareholders on the register at close of business on 8 January 2016 with the shares marked ex-dividend on 7 January 2016. As further described below, the record and payment date allow for shareholders who are not Israeli tax residents to apply for and benefit from a reduced withholding tax rate. "

........previous year to that, interim results were announced on 13 August 2014 - so we must be somewhere in the zone now.

Last year, the RNS for the interim results was announced on 27 August 2015.

Hi Steeltrader! He hadn't been on the website since 8 July, He didn't even respond to Dan_the _Man (posting on 11 July), so I thought we'd got rid of him. Then you rekindled his interest with your post yesterday ......URRRGHH........

Including the special dividend, total dividend paid out based on 2015 results amounted to 84cents per share. Assuming 2016 figures are no worse (and based on recent market volatility, why should they be?), we can possibly expect a repeat total pay out. At current dollar rate of $1.35 in £, that would be total dividends of 62p per share. Even after a deducting a net withholding tax of 15% applicable to UK private investors, it equates to 53 pence, which at 700pence would give a dividend yield of 7.5% pa. Whilst annual profitability may not be sustainable at current levels, still seems like a good medium term investment to me – comments please!

Atletico Madrid (shirts sponsored by PLUS500) are in final (to play either Man City, or Real Madrid). Global TV audience for last year's final estimated at 180 million. Great advertising opportunity!

Can someone explain why an institutional shareholder such as Odey (among others)... has to declare its open CFD position, when notifying PLUS of a change in its total shareholding in that company. A CFD, as its name implies, is a guessing game on the anticipated movement of the share involved, but It has nothing to do with actual ownership of the underlying share, in which the punter is taking a gamble.

You & I agree on that, testpack3. Good comment.