Member Info for MarkBellUK

Opul I agree with your sentiment but Im not sure this is last chance (although I hope it is)..ive average down 4 times now and have a large holding....im nearly £20k down and I started in the 280's...crazy

I wouldnt be surprised to see a low ball offer coming in for MCRO at these numbers

Well its 7.18% down again at the time of writing in the USA so tomorrow will be fun ffs!

Fatty are you short?

>but it will have a tangible negative effect also on the financials of many companies including Pharmaceuticals

" GlaxoSmithKline PLC on Wednesday reported a 14% slide in quarterly profit but reiterated its annual guidance "

Nothing new today in fact if anything positive that they are still on track with previous guidance

>as their are a lot of hedge funds sitting under 0.25% disclosable short interest.

Can you post the details you have of those under 0.5% please?

IMHO You cant go wrong in the 220-240 range

Buy or top up if you can

Oversold great entry point now

PS all markets (EU) getting hammered as France & Germany are on the edge of 2rd full lockdown which apparently UK now strongly considering

I think its off the back of MCRO NYSE which finished down yesterday @7.51%

Special Dividend

The favourable conditions have so far enabled Plus500 to build up cash of $723 million, about half of which analysts at Jefferies estimate could be available for distribution to shareholders or set aside for acquisitions.

The broker said: “We assume a $50 million special dividend this year, although this still implies considerable headroom for further distributions and/or acquisitions.”

Liberum, which has a price target of 1,950p, said today’s better-than-expected third-quarter performance also reflected the benefits of the group’s best-in-class trading platform: “Its scalable technology and agile marketing algorithms has enabled it to win significant market share and drive continued improvement in financial returns.”

The City firm increased its full-year earnings forecast by another 8% and pointed out that shares were still only trading on 4.8 times 2020 earnings.

Shares in Plus 500, the online spread-betting platform, slumped this morning as bosses gave warning that the boom in trading over summer was starting to cool.

The company, which lets people bet on movements in financial markets, has enjoyed a bumper year so far as investors tried to profit from the wild swings in global stock prices.

Revenue in the third quarter almost doubled to $216.4 million compared with the same period a year earlier, while the City had only been expecting $150 million or so. Analysts at Jefferies described the performance as another “blowout” quarter.

However, the growth was below that seen in the second quarter, which was Plus 500’s best ever, and bosses said that “this gradual reduction from peak levels” had continued into the final quarter.

As a result, despite the latest top-line jump, they kept their forecasts for the year unchanged which Jefferies said “implies a material slowdown” in the remaining couple of months. The gloomy outlook spooked investors and sent the shares 146p, or 9 per cent, lower to £14.75.

OK!....not sure where to even start with this one tbh

>This gradual reduction from peak levels has continued into Q4 2020

The issue is $261.4m Q3 to $49m Q4 is not a gradual reduction and is completely fabricated bs

Absolutely no way will Q4 be in line with analysts expectations....minimum $150m Rev (more likely $170m)

Look out for directors buying on the cheap I say...

** Jefferies analysts say PLUSP's expectations imply a
material slowdown in Q4 to revenue of just under $50 mln and
EBITDA of $25 mln, which is highly conservative, particularly
given the context of the U.S. election season

Shorts getting sweaty???

Ardevora reduced on the 9th Oct mate

Im not even sure the results have be that decent. This is been sold off like they are going bankrupt despite RNS " the Board has taken the opportunity to review the Group's borrowing requirements in the light of the strong cash generation of the business"

Things might not be amazing but they sure aint 240 bad IMHO..its bs fear built into the price when then main debt doesnt even mature until 2024