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Still downward pressure on this share, despite positive news this week (hopefully will make a difference to income).
Which gives you some idea of the trust lost in Plus by the big institutional buyers, because of the previous shenanigans by the Plus BoD in the past. Re-locating to London or New York from opaque Israel would be a good start imo. Others may differ in viewpoint of course. And those shares...........there's previous with the BoD handing them out to directors. Much better, for all concerned, to cancel them.............otherwise they're still there, however tortuous to re-issue, to be re-issued......
It's these little peccadillos that Plus could eradicate so easily. If those shares in treasury are so difficult to reissue then they should cancel them imo - it then stops argument about Plus potentially giving them out to Directors or them being reissued. If what you've written is true (that they are v v difficult to re-issue). It's a small thing, but as another poster has written - the shares would re-rate immediately. Right now you've got 37mill shares just sat there not doing anything but fudging people's calculations/true value/skewing people's views on the value of the company (via it's total shares). Just a thought.
Quite a week all in all. Possibly some profit taking next week (down to high 19's perhaps?) with a slow rebound back up to £23-£25 depending on investor sentiment etc imo.
It feels like the next natural stop is £25 but with a slight profit-take/downward pressure - in between, as you say. You called the £21.00. nice.
I'm definitely guilty of that too (and I've written about it at length on here - to the utter boredom of others I think!) Taverham. I think its the fact that once trust is broken it's very hard to win it back - the move to nasdaq might mean a new start (as it were) with no previous history to cloud people's judgment/sway their investment decision/continue the reticence to invest by the institutionals. Mind you, god help them if they fudge it on the nasdaq. It'd be brutal.
Ggplyr - it's not so much valuing the entire company off the cash, just that if you take the cash out of the equation (and I sort of calculate it that if Plus stopped dead tomorrow, what would they have in the kitty to pay out their investors - i take your point on needing $500mill to run the business ...........but i'm er, not counting it for my rudimentary thoughts!) is the rest of the company only worth $10 to $15 dollars (depending on differences of opinion in terms of how you value that cash). Surely their trading software package is worth more than? They've already proved it's massively scalable...........and think of the cost savings if someone else bought them (or they bought someone else actually) in terms of being able to subsume them and lay off all the workforce (nasty, but true). I was just trying to demonstrate my thoughts (ineloquently!) that Plus seems to be under-valued presently. If someone said to you - you can buy Plus now, without any cash on the books, for £12 a share you'd jump at it.
I can see Plus going all in on the US, joining NASDAQ etc - I'm sure they'd re-rate there (so why not here?) I've always been a pessimist with the way Plus BoD have done things in the past..........but surely now........let bygones be bygones and this should re-rate? Thoughts?
Also - if I divide the $985,000,000 million they've got in the bank by the 79,285,000 (approx) shares in circulation I get $12.40 per share. Surely the business is worth more than $8? (sorry, v basic maths, apologies).
Solid rather than spectacular as you say...............what they don't say is that perhaps Europe is slowing (in terms of acquiring new customers.............but is being replaced (or made up of) new customers from America. They don't split the geographical nature of nw customers............but I infer from their quote here 'The B2C (Retail) business performed extremely well during the period and continued to track ahead of management's expectations. Its contribution to new customers at a Group level is already not insignificant, reflecting the strength of its unique 'omni set solution' which allows customers to onboard, deposit and trade through one platform' that new customer's acquired would be below last year if it hadn't been for America. Cost to acquire customers has fallen (interesting to note) though so perhaps I'm wrong on that. Still, they are debt free and basically generating £100mill a quarter..........and the share buy-backs continue to eat into the limited number of shares out there. What's not to like?
What are we all thinking?
For me - I think they'll announce some actual figures against the US market, which should be interesting in itself. And turmoil has always been good for Plus - I'm expecting there to be no surprises (because they'd had RNS'd them right?) on that front, showing progress across all parameters.
What a milestone.....................it's taken alot longer to get here than I (and perhaps others) ever thought but I'm guessing perhaps the fundamentals are more robust now (America being the main one imo).
Does it feel different this time? Could we see a slight fall back today, but then a big push into the trading update and perhaps be at £21 at trading update point? Certainly feels different this time (every other time we've got close to £20 we haven't had the American market).....................we live in interesting times.
Sadly, any maniac nymphs haven't found me attractive in the past! ............so I'll just sit in me speedos reading a book or something.......... :)
New speedos incoming and a bumper pack of womb-ferret protectors purchased!
(but call me a cynic............we've been here before and the last lot of condominiums, as it were, perished for lack of use........as the share fell back considerably). Time will tell!
Honestly; can't wait. We've been so close to £20 a couple of times before and all it's done is an Icarus thereafter............crashing to earth, along with everyone's hopes. Let's hope America have come on strong. Also that they announce an NASDAQ listing. That will the re-rate we've all been hoping for.
That will be massive, if it happens. Over £20 for this share is like the distant land you hear about full of sex-crazed nymphs, and endless summer days..............ie it doesn't exist.............:)
Can it do it? can it?!
It would appear that 4p is the breakout number!
There's something holding this share back. We don't usually see so many buys in one day's trading, especially at the (relatively modest, but still) volumes we've seen today. Thoughts?
This share needs some good news pronto.