Member Info for Oi_Oi_Savaloy

Not sure why - the odey purchase is unrelated to buyback mandate. If they've decided that 80million shares is where they're comfortable perhaps they could save the money and divi it out to shareholders?

There's a weakness in the share price.............despite trading conditions that traditionally favour Plus500's performance (massive volatility = good for Plus). Is this the Odey overhang..........or does someone else know more than I do about what's going on. I honestly though this would kick on this year...........instead it's that £20 share price cliff hanger again.........hit £19.99 and then drop like a stone.................

Sorry - was having a really bad day that day I posted, sincere apologies.

That was for 'Mojolse' not you 'theyknowitall'.

On what basis did you write that? How do you know there's news this week? If you don't factually know, perhaps, you know, you could consider not writing that sort of stuff on here? Unless you do know something? And if you do, enlighten us.

I wonder what's triggered the activity today...........after a relatively quiet couple of days (I thought the shares would dip, with some possible profit taking tbh). Interesting -Friday's are usually quiet for alot of the shares I'm in.

Separately - CMC has issued a pretty negative update today. See cmc for the full update (or cityam if you want a precis). Wonder if this is being seen across the board (thus IG and Plus suffering the same). Think we're due an update end of June/early July?

Proper bit of business that. Bought at £13.83 per share.

And now there are only 82,000,000 million shares in circulation and there's another £18mill of budget for buybacks still to be used. At £15 a share that will take another 1.2mill shares out of circulation.

Whoops - sorry - forgot about the ex-div thing. I'll shut up now.

If the broker keeps buying circa 40,000 shares this week (each day) the shares in circulation will be down to 89,000,000. Doesn't feel many in light of the progress the business is hopefully making. I thought the dividends accrued to these bought shares were re-distributed to the shares in circulation but I guess that money stays in the business's coffers and isn't paid out?

Reporting live? or rather - just giving an update with a slight lag on here?

Feels like it.

Just for clarity, before I start; I'm in at an average of 1.9p (I've had drumz shares since they were energiser, an off-shoot of Inland homes - same directors of INL back then - Malde and Wicks) so I've been in this share................for a bit too long if you ask me...........but I'd take a massive loss if I sold now so...............

It's why I can't bring myself to invest anymore in it, despite thinking that now's the time. Or is it? That's the question. Is 5p cheap or could this go to 3p first? I thought that the recent news about Acuity/the name change etc etc would have been met with far more joy than it's appeared to have done so so far. In fact..........the share price is down (i think?).......feels down at any rate...........and yet, in the background there are people buying and building up quite a percentage of the business.........without the share price moving one iota upwards. I thought the share register was quite tight in this..............but apparently not if you can build up a 4.3% and the share price actually trend downwards. Anyone else got any thoughts on Drumz?

I think this share is absolute proof that once shareholders have lost trust or faith in the Board of Directors it is extremely hard to get it back. People have long memories.......and funnily enough they don't like unnecessary surprises dumped on them out of the blue that costs them alot of money...........which is exactly what Plus is guilty of in the past. Like Tom I've been in this share for quite some time (longer than Tom but it doesn't matter) and although the company has changed considerably over the last 4 years it's going to suffer from past mistakes. Also the Israeli domicility (lack of clarity) and other factors that have been covered extensively in the past on here (and other boards). They will always lag behind their peers...........unless they decided to move to the FTSE or NYSE. That would change everything (and the re-rate would happen immediately imo). Just my two-penneth.

Why the fall? I thought the Acuity purchase is a good move?

I think it was a buy (looking at the strike price of .6 compared to the sale below it in the 5's.) Here's hoping this moves upwards..........eventually!

Not sure what you mean there Shareinvestment - are you saying that Drumz have just pushed this out to create an RNS and it's not really worthy of an RNS or that the news is worthy of an RNS but wasn't advertised or something? (which it was wasn't it? i saw it on advfn this morning).

Agreed - I'm in for the very long term here; no reason not to - the market for acuity's product is huge. Perhaps they'll recruit an American workforce direct going forward (rather than relying on third-party agreements) too. Giving them a bit more control on increasing revenue there, it's largest market potentially.

whoops -what I meant to say is that I've never really factored the customer deposits into my 'interest earning' calculations. sorry - there's no edit button. Just for clarity.

I don't really count the customer deposits...........but I guess they'll give 0.5% or 1% interest to their customers and keep the balance (2 or 3% if the overall interest rate they're getting is, say 3-4%.) You're right - that's a hell of a lot of money just from that side, never mind the $930mill they've got themselves (or more now, that's an old figure).

So - $3.3billion earning 3% interest is..........£90mill in interest! And ironically, there are only 91million shares in circulation.....

And yet........it's Plus500..........so the market remains reticent at best, downright negative at worst.