Member Info for OliG

My back of a fag packet calculation suggests we can expect a $2.3 (give or take 10c) final dividend or £1.75 a share (£1.4 after WHT). That's a pretty good yield. What do others think?

I wouldn't worry its probably just because its in USD and they are a little slow.

Jarcon, I'm with II and I got an FX rate of 1.32. Go to the cash page and it will tell you the amount you received in USD and what GBP you get.

Not sure why this is down so much today? Plus must be raking it in at the moment.

Yes I think you are right as $47 mil already received.

Cash balances continue to pile up. $722.9m at the quarter end (30 June 2020: $587.8m). Add to that the increased tax repayments expected of $150mil and another $100m plus profits in Q4 we will soon have close to $1billion in cash which the share buy back and dividend will hardly dent.

ggplyr, I agree with you wholeheartedly. I don't understand why such a cautious statement. I would have thought it's blindly obvious that the company will exceed full year broker forecasts. All I can think of is that they want to be able to release a trading update early next month stating that they now expect to significantly exceed current forecasts. Overall its odd but it will be what it will be.

The dip in share price just means the company can buy back even more shares on the cheap and our effective shareholding increases. Eventually the market will wake up but it will be a gradual process.

My forecasts was based on customer income which was $240m so actually they comfortably beat this. I don't try and forecast customer performance which should be zero over time. Q4 will be interesting. I know trading has continued a slow decline from Q2 but I think November and December could be quite volatile thanks to the US elections. I like the increased emphasis on future growth plans.

I'm guessing around $250m. After the interims I was estimating $210m. I hope you're forecast is better than mine ggplyr.

Can't say I'm too concerned about price movement tomorrow as the real prize will take a bit longer. I am very much looking forward to Q3 results which I think will be excellent again. Of particular interest to me is how well we are doing compared to the competition. I suspect that we are continuing to out perform which in the long run will be reflected in our share price. In the short term I think Q4 is also going to be nicely volatile and I look forward to an enormous dividend and hopefully new business lines being added.

I just added another £4k at just under 68p. No brainer to buy at these price levels.

Excellent interims announced. Maiden dividend and the statement "Expect to materially exceed market expectations for the current financial year". A great future for this company.

A fool and his money are easily parted.

Rich the reason it appears unloved is mainly down to size. At a £44m MCAP it too small for most funds to be able to invest. The other side to that coin is that it allows PI like us to get in at a very attractive valuation. We just need to be patient. This company will grow and over the years not only will its increasing profits drive its valuation so will an increased rating. I look at this as a 5 year investment.

I am only a little surprised at the muted response to today's confirmation that business continues to perform exceptionally. We should be used to it. The good news is that in the short term the company can buy back more shares at the current cheap price. In the long term as the company continues to perform well and grow, the price will catch up. I believe over the next 12 months the price will double. In the mean time I will enjoy the dividend and reading about the company's excellent progress.

Nice little surge in the VIX index yesterday. Up 26%. Tesla alone has probably been a very good earner for Plus.

Very interesting. That provides part of the answer to what are they planning to do with all that excess cash and more importantly turbo charges the long term growth strategy. Great news.

The reduction in the tax rate from 23% to 12% is a massive bonus that I had not anticipated. Did anyone else see this coming?

And we are still on for hitting $1bn turnover for the year.