Member Info for Tom78

Because they are in the same business so it stands to reason that PLUS is likely to be suffering a similar fate, all supposition of course until PLUS releases it's own next revenue update figures due around May

The large closing auction is due to quadruple witching day. Lots of other shares have massive closing auctions today.

sorry missed a few RNS

To date shares bought: 515,963
To date money spent 5.797 Million GBP
To date average share price repurchase 1123p

I have just gone though all the RNS of the recent buyback program which started on 6th Nov 2018 and created a spreadsheet.

To date shares bought: 453,463
To date money spent 5.274 Million GBP
To date average share price repurchase 1163p

So most of the shares were bought at a far higher price than today!. At 0.76 USD/GBP the USD 10M is GBP 7.6M
so only 2.32 Million left to spend roughly depending on fx.

Rio dropped 7.5 % because it went ex-div 319p so only a 14p drop in reality. Lazy journalism not checking their facts.

Sorry the dividend is not a fixed amount. The company pays out twice a year 60% of the profits in an interim and final dividend. This year the interim dividend was much larger than the final due to the first half profits and more precisely first quarter was exceptional.

The board have warned that revenue and profits will be materially lower in 2019 so the dividend will follow suit and be nowhere near 20% yield. That's why we are at 8 quid and not 15.

Good analysis there thanks Dave. The unexpected profit warning from CMC on Friday afternoon (great timing!) has put the cat amongst the pigeons again. With Plus500 admitting FY19 will be significantly lower in terms of revenue and profit compared with FY18 it seems the whole retail leveraged market is feeling the pinch. I have a relatively small position here at 636p so certainly top end of your forecast.

Yep and a decent Director buy yesterday 100,000 shares at 645p is hopefully a sign of confidence!

Don't get me wrong there is merit in this bashing, due to the murky past etc. It is difficult to value the company at the moment If there is doubt over the figures. My last sales cleared my costs here so with dividends accrued over the last two years even if the SP goes to zero I can't lose money. (Not gloating at all here as I know people are losing many thousands and I do know how that feels) I sincerely hope it recovers.

Hi thanks for the reply I know this and glen are different cases but similar collapses in share price. BTW I just checked my old contract notes i actually sold at 79p and not 89p apologies for the 'typo' or was it a 'drafting error' on my part :) After Glen shot up again i felt like the worlds biggest mug and couldn't even bear to look at the glen SP for months after.

It's all a big game.

Looks like confidence the BOD have been severely impacted by recent events. I was in Glencore from 375p down to 90p and panic sold all my shares at 89p after reading an article that said Glencore could go under. Fast forward and I would have made a profit rather than stonking loss on that one.

It was reduction of 30% not extra. I have no idea what it will be as the company have not put any numerical amount on revenue impact. It could be more or less. Market volatility conditions will also have a massive effect which none of us can predict.

The div is 61 cents so about 48p and that's gross before tax. 25% WHT puts it at 36p. Not much to look forward to after a nigh on 700p drop in a week! I don't see any real improvement until we get some numbers from the first quarter to try and work out where this is heading after the 'materially lower than market expectations ' shocker.

The Q4 revenue was 155M USD with full ESMA in the EEA area so if you knock off say 30% (could be more) that's 108.5M and crudely multiply by 4 thats 434M USD in 2019/20 some 60% lower than this last year. Don't forget this year was vastly skewed by Q1 coming in at 293M USD.

They probably should look into it, but the little man carries no weight so i'm not bothering to contact them. I was nearly caught up the Beaufort collapse and could have lost money but for the grace of god moving ISA two weeks earlier but that's another matter. As for founder sales it doesn't bother me as much as it does some. Alon Gonon could have sold 2.25M shares a day or two before the results and got a lot more than 13.90.

Thanks for that link, Of course CEO Asaf was bound to say investors were not misled but I expect his ears are ringing from the investors who bought large last year well above today's price after that stinker of a profit warning.

I continue to hold plus but I am in a good place with my shares as they are essentially free after banking profits at 1350 covered the initial cost and left me with 65% of the holding.

Today has been a shock for me to be fair. I was expecting it to fall a bit as it normally does on results, but to say 2019 will be materially below market expectations is a surprise. apparently 2019 expectations were lower already so is it even lower still? Lower dividend as well was not expected.

Huge slump today, again and BATS as well can't see any news. This has gone form one of the best to the worst in my PF.

27th is ex div according to bat website

Yesterday was quadruple witching day lots of share reported very large closing auctions

By my last calculation

Alon Gonen 1,141,539

Gal Haber 1,805,457

Elad Ben-Izhak 1,715,457

Omer Elazari 928,683

Shlomi Weizmann 928,683

Total 6,519,819 5.72%

An ideas why this has tanked so much in last 2 days? seems incredible we were 15 quid not many days ago.