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Any truth that Wigoder looking to sell large block of shares?
PLUS have had first mover advantage when it comes to Cryptos. It's not just the fat margins on these products that are to like but also the low-cost of crypto client acquisition and the fact they trade Sat/Sun adding an extra 40% to the trading (and revenue producing) week. PLUS dominate Google Adwords surrounding all things Cryptos currencies on Google search. Until other CFD/Spread betting providers catch up, Crypto Adwords are relatively speaking, less expensive to purchase compared to normal Adwords CFD/Spread-betting providers target. Hence, the lower AUAC in Q2. Further, I would have thought that prospective Crypto customers are of high value being the speculative/risk-seeking/gambling/greedy(?!)types.
. In the trading update RNS on 2 June, PLUS stated current net cash balances stood at approximately $191m as at 31 May 2017. In the interim results as at 30 June 2017, 30 days later, it was stated PLUS held cash of $220.7m. This would indicate that in the single month of June alone PLUS added $32m+ of PAT (the only other balance sheet transaction in the 30 days being the $3.2m of expenditure on the share buy back). Effectively, one-third of the $90.7m of the net profit in H1 came from a single months trading. As VIX was fairly subdued in this period, IMO this phenomenal result was almost entirely down to the new product offering of Cryptocurrencies that were introduced and heavily marketed from mid-May onwards. If this performance has carried over into July/August which the outlook in the interim's indicated it had, PLUS's PAT for the full year might well be within striking distance of IGG's 2016/17 PAT.
Sorry typo £1bn market cap although it hasn't helped Sirius Minerals having a full listing although they did get an early boost,personally I've enjoyed paying no stamp duty and outside of my estate after two years
H2 likely to be slightly higher given Q2 strength and momentum/current trading statements/outlook in H1 results My model PE at 875p is 6.9 - and I am always cautious! btw £1m MC would put them in the FTSE 250 if they do decide to go for a premium listing. Perhaps a FY Results announcement in F
- stunning Q2 last week but Mr M still playing catch up!!! Updated my model FY Revenue now $400m with a PAT of $190m (£146m) eps 128p PE just 6.7 at 850p and only 7.9 at 1000p Revised my target to North of 1000p VIX through 15, market nerves and buybacks also driving price North GL - SJ Edit - Leaprate summary - hTTps://www.leaprate.com/forex/brokers/plus500-record-revenues-new-customer-growth-h1-2017/
A stock that he admits is a ‘controversial’ investment right now is Playtech, which provides gaming software. Pease commented that the stock has been in the wars for a couple of reasons. One of these is that the founder of the company, Teddy Sagi, has attracted the ire of the market in recent years for engaging in a number of transactions that the market interpreted as being detrimental to minority shareholders in Playtech. Pease commented that Sagi has ‘had very little to do with the business’ in recent years, and of late has been selling his holding to invest in London property as well as the other listed businesses. The fund manager commented that he has faith in the current management. A recurring theme of the sort of companies in which Pease typically invests is that they tend to have management teams with significant shareholdings. So, by his own admission, buying Playtech shares even as the founder heads for the exit is off the beaten track for him. The fund manager commented, ‘Founders are not always right. If you bought shares when Teddy Sagi was selling them at the IPO stage, they have gone up by 18 per cent a year annualised. If you bought shares when he was selling last year, you would have made 20 per cent, and I doubt that any of Sagi’s other investments have made that money in the past year.’ He believes that the shares have now priced in a wide range of possible negative outcomes, and that the exit of the founder will have a beneficial impact on the company’s share price.
Alternative investments Home » Running your investments » Funds The big interview: Richard Pease Interview 25 Jul 2017 Richard Pease has an enviable track record of investing in European shares – and the market is now back in fashion C l j Q COMMENT The big interview: Richard Pease ‘In 30 years of managing European equities, Pease has outperformed the market in 26 of them’ Ben Rossi Q Richard Pease has a certain charisma, and an ease of manner that is either deeply persuasive or rather irritating depending on whether it is backed up by real achievement. And for Pease, it is. In a 30-year career managing European equities, he has outperformed the market in 26 of them. His style is to appear exceptionally relaxed and at ease in order to place the other party at ease. But his eyes give him away, shrewd and observant; the atmosphere may be relaxed, but he misses nothing. Pease worked for New Star, Gartmore and Henderson as a European equities manager, before taking the plunge and helping to found CRUX Asset Management. His style is quite unconstrained, and he defines special situations as ‘the freedom to do the right thing’. Therefore, while he does plough a furrow amongst companies that might be described as ‘controversial’ due to the wider market holding negative perceptions, he does not invest in the absolute bombed-out companies that are the hunting ground of ‘deep value’ fund managers. Of course, as an investor in European equities, Pease is well used to getting questions about the political and economic environment. He has previously stated that his track record indicates he can operate in the teeth of the most ferocious market gales. He now adds that many of the companies in which he invests have come through the tough economic times of recent years and shown they can thrive. About a third of the revenues in the CRUX European Special Situations fund are in dollars, about a third in euros, and a third are rest of the world. He feels that this makes the fund more global in outlook than is implied by its name. The veteran fund manager commented that, historically, he tends to avoid IPOs as they often come to the market ‘priced somewhat aggressively’. However, he commented that such has been the wave of new companies coming to the market that a number of opportunities have emerged. Two of the IPOs in which he invested are Balta Group and Evry. Pease commented, ‘Both of these stocks are not particularly cyclical. Balta sells soft furnishings, and consumers always want those. Around a third of the rugs sold in IKEA are from Balta. The management are good, with a strong track record and a stake in the company.’ Of Evry he commented, ‘This is a software company, and again it is a high-quality business that is
As Odey have stated Volatility is great for Plus500 they thrive on events such as the Brexit vote and elections but with volatility having been so low their results were more impressive.In Odeys latest factsheet they stated prior to results "We believe the company will continue to generate cash ahead of market expectations"
Price target raised to 725p http://www.hl.co.uk/shares/share-research/share-tips/stockbroker-tips/berenberg-upgrades-plus500-to-buy
For major shareholders at end of May see - hTtps://www.plus500.co.uk/Investors/IssuedShareCapital.aspx ING Groep N.V. were not on the major shareholders list at the end of May but reported 5.08% on 5th July JP Morgan Asset Management were at 3.85% at the end of May and reported 8.97% on 26th July Investec Asset Management were at 4.38% at the end of May and reported 5.00% yesterday. Odey Asset Management were at 8.45% at the end of May and 9.19% on 6th July – but also see hTtps://www.investegate.co
Results are out 7th August a special and interim dividend is likely to be announced and yes when Plus500 went ex dividend the share price recovered very quickly,it's a company worth holding onto bearing in mind it will do well when volatility returns
Our top contributor was Plus500 (+2.70%) which had a very posi- tive Q1 trading update ahead of market expectations. Since the end of the second quarter it released another announcement saying it expects revenues and profits to be ‘materially ahead of market ex- pectations’. Although the shares have performed well so far this year, we believe the rating of 4x EBIT 2017 shows the market does not understand the strengths of the business or its regulatory posi- tion. We believe the company will continue to generate cash ahead of market expectations and are pleased to see it has now started buy- ing back shares as well as paying dividends.