Member Info for testpack3

It already has made nearly £29m in CFD's on this share, assuming it was LONG. If it shorted at the £4,50 sp, I can't imagine it selling at a £29m loss.

The present CFD holding of Odey is about 6.85m shares cf the 5m as stated in earlier post. The other 1.85 shares have an av price of £3,40. Again, I would suggest it is LONG.

buying price now. I have been thru all the available rns's, and have had to make a big assumption on when, and how much they paid when they acquired their first tranche of shares, since the first rns's stating buys from both companies already had a holding in place. 5.4M and 4.6M for Odey and JPM respect.. The assumption is that these were acquired when the Exec. Dir did a placing of 20M shares in an accelerated bookbuild at £5.00 ps on 27/02/14. The cash went directly into Ex Dir pockets. On this basis the present price that Odey and JPM have on their books, for their holdings, is Odey = £4,31 approx20m shares JPM = £3.75. approx 7.0m shares Odey has also traded CFD's and one has to guess if it's L or S. It bought c9.m CFD's at £4.50, and sold 2 tranches, one of 3m at £7,10, and t'other 6m at 7,39, netting it a profit of £28.85m if it was long. It presently has a £5m share CFD at £3.72 bought 01/06/15. Since it stands to lose £6m ,( on my calc) from it's 20m shareholding if sale goes thru at £4, the £5M CFD at 3.72 could well be long to recover some £1,5m at £4 selling price. It already has made nearly £29m on CFD's, and would it want to risk the sp tanking on its present 25m holding ( inc. CFD) if s/h vote no to the friendly bid - I doubt it. The BOD and Odey can win the day for the T/O. JPM are in break even position ( according to my calcs). Deutsche Bank sold out with a profit of £8m some time ago BQ Soft who were in sub £2, sold out with nearly £30m profit. Newton Inv Managers bought ( assumption) 5m at the £5 placing, and sold 400K shares with av price of £6,25, but still hold about 4%. I do not see II's rocking this boat. Will another bid come in - probably not, but if it does, £3.55 is stealing money. All in MHO of course. If posters scrutinise my figures, and find errors or more accurate information, plse feel free - no offence taken.

A White Knight ( and an Israeli 'friend') has come to 'rescue' PLUS from FCA et al. £4 a share is good deal for BOD and with £60M cash in bank at PLUS, is good deal for PTEC. The 10% discount to agreed price on offer at moment, is the 'risk' premium. Not that the risk is PTEC pulling out, but that s/h may scupper deal at EGM Odey and JP have a tad over 30% ( and may be adding, since 10% in 3 months is not to be sniffed at). BOD has 36%, and although I have not seen the %age in favour required for the deal to go through, it is not subject to UK jurisdiction on M&A, and may well be a simple majority of 50.01%. I am confident ( even in the un-likely scenario that Odey and JP vote against), that with friends, family et al, the BOD will achieve their aim, and there is 10% profit up for grabs in 3 months. Any such profit is tax free, but subject to UK CGT ( unless held in SIP/PEP) presently at £11,100pa). I sold out yesterday at 3.92, and am back in, in low 3.60's . All IMHO of course.

Not 100% raulc - u did call the 3.03 short, but then at 3.15 u were hmmmm. ( would have been a disaster if u went short), then hmmmming again at 3.30 ( another disaster looming), and when sp was rising u were very silent. Now, if as u said, u were short at 3,03, then there is no conceivable way u would not have shorted at much higher prices. I suspect u r very selective in what you post, ie, only how good u r, not oh dear, made a mistake. Either way. GL

If the buys were all from the same person ( institution), then the investor, in 3 months+ will have a profit of about £1/4M. It's 'almost 'guaranteed' as well. In addition, there may well be an increased offer to substantially increase the profit. One downside is, after doing DD, the present offer maybe withdrawn ( unlikely), and the sp tanks. I, like many others, sold out this am at 3.92. The extra 8p per share I would get by holding out for a further 3 months will be eaten into by interest charges on the long positions I had. So raulc, I assume you will be shorting Playtech, and GL with that.

From yr posts, you do not understand the machinations and glossary of the Market. This can get you into very deep water, with no land in sight. As a first step, plse research 'A' trades. GL

Yes, addicknt, at 3.75 there is a 6.25% upside in 3 months. Only Black Swan is if DD results in offer being withdrawn, and sp tanks.. For the ones with b...s, who might have shorted at 3.93 this am, well done.

longs and shorts. For all the posters who thought the business would be unaffected by the AML debacle, the BOD has agreed to sell the business for £460M and a few weeks ago it had a MCap of £877M, a decrease of nearly 50%. In rebuttal of the falling sp, it announced last week it had cash of over $92M ( cost to PTEC is now about £400M), and today's rns stated group revenue will be below FY2014. FY14 produced $107M nett profit. On this basis, and with no growth, PTEC will pay for PLUS in less than 6 years. !!. There may well be a counter offer, but, just as likely, is a withdrawal of offer once DD has been performed by PTEC. It's really bad news for PI's who bought in above £4, and similar for shorts who bought in below £4. I was long at 4.72, 2.34 and 2.72 and have now exited with good cash in the bank, however, if I were short on this, I wouldn't be selling out yet, there may well be a few twist and turns in this one. BOD's 'selling out' at nearly 50% discount to sp a few weeks ago - scandalous.

longs and shorts. For all the posters who thought the business would be unaffected by the AML debacle, the BOD has agreed to sell the business for £460M and a few weeks ago it had a MCap of £877M, a decrease of nearly 50%. In rebuttal of the falling sp, it announced last week it had cash of over $92M ( cost to PTEC is now about £400M), and today's rns stated group revenue will be below FY2014. FY14 produced $107M nett profit. On this basis, and with no growth, PTEC will pay for PLUS in less than 6 years. !!. There may well be a counter offer, but, just as likely, is a withdrawal of offer once DD has been performed.

Yes, otherwise why depart from the norm and have a Q&A session for shareholders. To get loadsa money on an IPO Get loadsa more money in London

It was noted commy, and with the bluster that some posters unwind on the bb's, I sincerely hope he/she isn't short. Shorting should only be considered when an investor is of the opinion that the fundamentals 'do not add up' to warrant an exaggerated sp. Some shorters will look at the latest rns from the AGM and take faith in the comment 'UK revenue significantly impacted by recent events'. This, IMHO, is because affected a'c's can only trade on 'open' positions'. I would suggest that the majority of leveraged positions, such as CFD's, are opened with a view to making a profit, and then close, or closing a position to mitigate losses. Naturally, it is in the interest of PLUS to have their customers with as many open positions as their finances allow, and to close them, and open new one's with some frequency. There will be a loss of customers, and I'm sure PLUS will be offering incentives to regain confidence. The target sp of £4.76 that I have is based on a significant loss of UK customers. And then I look at P:E, and see PLUS <7, and IG nearly 20. QED. All the best.

The problem with me from post from raulc , is not one of exit/re-entry point, but he uses 'assets under management' as a tool for identifying Odey's 'tiny commitment'. Since I do not live in a country accessible to the co's accounts, I am at a disadvantage. However, with my limited knowledge, the only assets PLUS has is cash in the bank, trade receivables, and investments. Customer deposits on margins cannot be treated as AUM since they can be withdrawn ( usually ?) at any time, Odey's investment of 22.5M share is significant ( may be raulc can give me the %age), and not 'tiny'. Odey also has c1.4M shares in a CFD. Whether this is long or short ( hedging), is debatable. The guy ( or lass), raulc is a 'big vision, small brain person, who tries to 'impress' with a number of statements, which are not visionary, but rather , one of them will be correct given enough time. I posted shortly after the collapse, that if PLUS 'lost' 50% of it's UK revenue, then a fair sp would be £4.76. I have been a holder prior to the 'collapse', and 'day traded' the co. Luckily, I was 'out ' when collapse happened, but fortunately did go long in well above the £2 bottom. It is obvious to every man and his dog that the share is being day traded, and coupled with the algobots, a large amount of volatility is expected. For raulc to say the present sp of £3.70 is a shorting opportunity beggars belief. It may well dip on Monday with profit taking, but to what level? - £3.50 ( likely), £3.00 ( unlikely), but it may surge on to £4.00. Only in July will we get to know the true impact of UK customer number losses, but some of these will already have transferred to the Cyprus co. It is revenue that will see PLUS retrace to £7+ before year end, not AUM. All IMHO of course. ps raulc - what;s your figure for AUM.

Following the agm on 11 June, Mr Zhang will host a Q&A session !! Telephone and/or e-mail! This is a new departure for the elusive Mr Zhang, who has not appeared at the last two agm's. He has obviously been advised by departing NED's et al that the sp is not only driven by a set of accounts, but by effective and factual communication with shareholders. I re-bought in a tad above 15p, and added more today - why? Mr Zhang is going to give s/h's good news at the investor call. In mho, he will state a divi will be paid at interim announcement. He may well state at agm that a 'special divi' is being paid asap? Why do I state this? It's a non-regulatory announcement, and he would'nt do this to give shareholders the same old platitudes on why the divi was scrapped, and the reasons behind the NED's resignations. I see this sp at 30p+ after 11 June. Get yr questions in, not the obvious one of why was divi scrapped when reported EPS was 22p, but what are the export plans for USA, Eu and Russia? Plans to include 'adult' range of clothing and footwear? Why place $10M in bank at 3% interest when similar investment in any of previous would yield much higher returns? There are more which will be relevant, and I'm sure Jolly and Rockazioni will find more pertinent questions. It will be interesting. All IMHO of course.

at 120p after buying in at 85p. Before the last buy, traded it on the frequent ups and downs. The business model is sound, but at P:E > 70, there is already a lot of profit in price. I am sure as I write, it is trading profitably, and with new contracts in N Europe, the outlook is v rosy. The P;E does not necessarily have to be <20 since a decent proportion of revenue is recurring, and growing.. At a MCap of £42M ( £1.50sp) and P:E 20 gives earnings of £2.1M.. It achieved EBITDA of just over £1M in the !st six months of the present year, so the outlook for FY is extremely encouraging as was highlighted in last trading statement. It will be a £2 share before too long, but will there be a few dips before then?, or will it, now it is firmly on track, motor on. Lovely word chagrin, nearly as good as b*******s.

It's been good news for BOK some time now, and the wholesale divisions look v good. The retail side will always have decent sales, but margins are always under pressure with Aldi et al setting the pace. It's near all time high of 1.73, and this will be a tough nut to crack, will need significant volumes to crack it. The PE at mid 20's is not stretched, and if 1.73 broken, £2 is decent target. Would like to see a more aggressive divi policy. GL all

5p u said. I said 15p. Steady at 15p with buys. I trust u shorted it?

I don't the charts mean anything for this share. It's sp is driven by the size of the alleged market place, and the 'jam tomorrow' from the CEO. The recent falls are due to lack of sales to any of the 21 leads identified by the company. If you are 'out' when/if a rns is released on a significant sale, you may be paying a 25%+ premium to it's present price. No rns's, and yes, the sp may drift to 20p. In USA, the USCG has given boat owners 'til March next year to comply with legislation, and if these owners are anything like me, they will wait til last day. I'm unsure as to time scales in ME, or India, and I suppose a rns could come at any time, It may not be positive, there are other suppliers in market place. I personally have down grounded this share from a 75% probability success rate, to under 50%, and have adjusted my holdings accordingly. This will probably mean a positive rns on Monday. lol. GL all.

Yes, it was suicide money I used when buying at 15p 2 months ago, and sold at 36p;lol Of course. 'play' money is relative. I do not invest, or even play in 100's of GBP. But to repeat myself ad nauseum. If it goes BK. I will not, but thnks for your care.

I know Jolly and I 'jumped ship' in the mid 30p sp, and I suspect quit a few others as well. With the sp down to 15p now, is this the bottom? Below is a paste from 2nd Feb rns. 'The Group's cash balances as at 31 December 2014 were RMB 410m (unaudited). The Group is increasingly looking to manage its treasury function in a more pro-active manner and in April 2014 placed approximately RMB 100m in a 12 month deposit account at a 3% pa interest rate. The Directors note the recent falls in the Company's share price and consider that the current price fundamentally undervalues the Group. As stated above, the Group's cash balances as at 31 December 2014 were RMB 410m (unaudited), equal to 57p per share or 370% of the Company's market capitalisation as at 3 February 2015. The Group remains committed to its AIM listing.' The interest at 3% on £10M ( if believable, lol) is £300K. The free float shares are approx. 25M ( exc. Zhangs 50M+), and a 1.2p special divi could be paid to free float shares using just the interest. Will Zhang do it? Naah, don't think so. With recent resignations by NED's, there is unrest in the camp, and possibly due to divi, policy. I'm going to start 'dripfeed' buying at this sp since I cannot believe Zhang has told lie after lie. The website is still running and being updated. Next RNS on trading in about a month, and will be plenty of jam tomorrow. Crikey it's exciting. lol.