Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I agree with Sajy in terms of resubmission likely in the next few weeks. I think we will be waiting 6 months for approval so all in all a year delay but sooner would be great!
Sajy have you the latest broker note from Stifel? I’d love to see it if you do
£10 or even £3 is optimistic I think in the next 12 months.
At the moment we’re not forecast to turn a profit until 2025 so there is likely to be dilution before then but at a higher price.
£10 is certainly possible for sure but depends on sales traction and I can only see that towards the back end of this decade, maybe 5-6 years from now.
I could see £3-£5 within the next 3-4 years
Of course happy to be proved wrong but good to keep realistic.
£10 would be 65x 2030 expected earnings so still some way to go to get there. Let’s get approval first
Hi simple, not sure if you’ve seen the latest updates consensus forecasts on the Plus500 website. Think 2022 has now come up slightly
https://www.plus500.com/Investors/ConsensusForecasts
Thanks for your reply.
We will be at 208 or 210 million shares in the next week or so to take into account the recent placing. 166 or 163 million is the old number.
I wouldn’t be surprised to see us above £1 in the lead up to hopefully approval
Positive update in terms of key metrics,
However customer income doesn’t mean actual revenue here.
I’m expecting customer pnl to be positive again in the Q1 update however perhaps not as big as a hit as Q4.
If revenue was going to equal customer income we would have had a trading ahead statement today rather than ‘confident in outlook’
Simply not in favour at the moment.
Earnings forecast to drop quite substantially on last year.
Most of the last few months have seen pretty strong positive moves in the markets (not tech recently) so maybe concern over customer pnl.
Some interesting points made on twitter in the last day, I guess joining the dots etc
https://twitter.com/man94_con/status/1368571939556634624?s=21
Q1 of last year which experienced the largest fall % wise of the market, saw revenue of $316 million. 74% of which was customer income and rest customer trading performance.
So around $233 million customer income.
Customer trading performance was then negative for Q2,Q3 and Q4. Largest hit in Q4.
Who knows what will happen with the markets this year.
Plus500 say themselves that customer trading performance contributes less than 1% towards revenues over the longer term (if you can call the time they’ve been in operation longer term).
What they commented on
“ Canaccord Genuity was at the other end with a sell rating, noting a lower payout ratio and investment plans the company announced that will need funding, such as expanding CFDs to new geographies, and new financial products for customers.”
Oi_oi where are you based? Trading crypto is not allowed in the uk as a result of the FCA ban effective 6th jan.
Yes the company has performed very well last year, this is all known. FY20 which ended 31st Dec was excellent as a whole.
Client performance was negative in all but Q1 last year with the big hits coming in Q2 and Q4.
We are in a new year now and brokers are forecasting a fall by some margin on this year in terms of the key metrics. How big of a fall is where the opportunity for us either lies or doesn’t lie.
I’d say they have been pretty clear over the last year. Much more cautious approach with outlook since the new CEO has been in place.
October 27th, they guided for a weak quarter and that’s exactly what was delivered albeit they beat the consensus estimates.
Will be fascinating to see what they do in Q1 this year which wwe will hear about in April.