With regard to its reputation it has just recorded great revenues so clearly the vast majority are not quite as concerned as Numis. Also personally I feel not is the UK entity to sign up new clients is prudent until they are happy remediation has taken place as proper infrastructure in place to handle the volumes. The last point worth noting is the fluidity with with Plus handled the Swiss franc debacle which did not effect them at all whilst so many of our competitors got hit so hard a few went by the wayside.
Nothing new in the note from Numis, its about 6 months too late
Whilst Plus does have issues it is resolving they are really not half as bad as made out in that article. With regard to the increased checks we have been told in RNS that the issues were around not having full documentation when opening accounts. Plus have announced hey are remediation the issue
We were also meant to hear about then 2015 dividend! Record date should still be Dec 2015
Gap. Hi all, what's gap are we talking about exactly please? I am looking at a candle chart on Hargreaves lansdowne and do not see a gap
At the end of the day this stock is a cash machine. Once is sorts out its governance (which it has been doing for months already) it will be a very solid investment
This stock will always be a little tainted by this scandal but I can this this grinding up slowly over a long period as the FCA issue is closed out and it continues to generate strong revenues
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