Member Info for RayPurchase

According to FY23 presentation, in 2019 customers with tenure over 12 months contributed 73% of revenue whereas this number went to 88% by 2023, indicating improved customer quality and loyalty.

Welcome to volatility, should be a great August. This is when Plus500 the deep value stock becomes a cash printer.

Cheers Swaltz, yeah mainly the size of the trade and that it happens every single day?

Good day all round! Any ideas what this large UT at end of every day is about?

Has become my biggest position too, they seem to be executing each step of their strategy as planned. £40 would definitely be worthy of a few beers! Cheers

That is fair, but looking at their average EBITDA of 350m or so over the last few years (2020: 515 / 2021: 390 / 2022: 450 and 2023: 340.. throw in the factor of around 30% reduced share count and you could argue that those earnings are a fairly conservative place to put a multiple with some margin. Now looking at a multiple of when they list in the US is another point, and for this i really only have IBKR at a PE of 20, then there are those who lack earnings completely. So just slapping a PE of 20 and we are looking at a around 6.8 B. even at PE10 Multiple 3.4 B usd whereas currently around 2.1B usd? Is this just a LSE discount while waiting for Nasdaq listing (which has been well telegraphed) or something else?

Sorry, just read in FY 23 report that they require 550m usd spared for Regulatory/Working Capital, Hedging and Clearing. Leaves 400m usd spare cash

So if our 985m USD in the bank = 775m GBP then we have around 900m GBP market cap net cash? At return of divs and buyback last year of 365m USD (290mGBP) we are trading 3 times earnings net cash? What am I missing here?

IPO was mid year 2023, JPM then were front running some negative trading conditions in October by shorting.. big deal. This is a big nothing 🍔.. makes me wonder about some of these comments

Https://nairametrics.com/2024/06/13/nigeria-gets-world-banks-approval-for-2-25-billion-loan-to-boost-reforms/

For my take, Burberry the brand is living rent free in every fashion consumers mind. Makes the price point very interesting. Ranks top 10-15 in every luxury fashion brand ranking that I can see, and has been known for over 100 years as high quality which will outlast any short term designer taste volatility. And for what it's worth on a Peter Lynch angle, seeing a lot of trench coats in Sydney at the moment. Very interesting at this price.

A premium for holding the shares to next year i would suppose