PLUS UPGRADE.......................... I’m hoping for more good news when they next report
Any thoughts on next weeks application to the main FTSE?
Re: ESMA measures The sooner were out the better.
Esma ..... cfd's CFDs measures from 1 August 2018 The product intervention measures ESMA has adopted under Article 40 of the Markets in Financial Instruments Regulation include:1. Leverage limits on the opening of a position by a retail client from 30:1 to 2:1, which vary according to the volatility of the underlying:· 30:1 for major currency pairs;· 20:1 for non-major currency pairs, gold and major indices;· 10:1 for commodities other than gold and non-major equity indices;· 5:1 for individual equities and other reference values;· 2:1 for cryptocurrencies;2. A margin close out rule on a per account basis. This will standardise the percentage of margin (at 50% of minimum required margin) at which providers are required to close out one or more retail clients open CFDs;3. Negative balance protection on a per account basis. This will provide an overall guaranteed limit on retail client losses;4. A restriction on the incentives offered to trade CFDs; and5. A standardised risk warning, including the percentage of losses on a CFD providers retail investor accounts.SAGE
Re: ESMA measures ....what ?? !! ....WHAT ???? !!!!!! 50% margin limit ???? !!!! .... there will be no point in that case ....... yes agree, will definitely kill it if that the case.What proportion of Plus500 revenue is from CFD trading ? .....SAGE
PLUS UPGRADE.......................... Broker Forecast - Liberum Capital issues a broker note on Plus500 LtdLiberum Capital today reaffirms its buy investment rating on Plus500 Ltd (LONLUS) and raised its price target to 1994p (from 1729p).
ESMA measures I trade CFDs and feel these new rules will kill the CFD market i see they are putting in a 50% margin limit!!!!what a joke i just hope when we leave the EU we can scrap these new rules.roll on brexit
Re: Trading update today Not really a trading update at all. Good to hear they are trading better than expected, which in terms of this company means a lot of money, however no actual numbers to be seen in the update.I note that they stated the ESMA measures, are now confirmed to take effect from 1 August 2018.Seems like an RNS to announce that, in the guise of a trading update.
Trading update today Trading remains very strong & ahead of expectations-the note of caution remaining the assessment of the impact of regulatory changes as from August.
Re: Step up to main market dave297Totally agree with your assessment ....Have recently bought.....trouble is i've been a bit late in finding out about Plus500 ......but i very much like the look of this, the prospects, and the going to main market opens many doors !SAGE
Step up to main market Should help with our credibility & when we join the FTSE 250 trackers etc will be compelled to invest & , despite our strong SP performance, perhaps we will re rate further towards to IGG multiple , or beyond, as we have experienced faster growth than them & offer a higher yield ( with Special Dividends)
Re: The next chapter Well Marktime, good on youI hope that you are right in every little detail!mm
The next chapter Another amazing report. Things will return to more normal trading. However, thanks to the crypto boost full year projections have been uprated to ... (didn't say did he?). What plans for continued roll-out and expansion?Uprating my commentary in February I consider we are now looking for net 2018 earnings of $450-500M on revenues of $650-700M ... eps of 290-320p. Surely a whopper interim/special on the cards?Awash with cash even after covering the upcoming dividend payout ... at liberty to announce another special and a buy back, no point in sitting on spare cash, curious there was no mention of either. A buy back makes most sense if the sp continues to massively undervalue the business, spend $100M to taken another 5% of the stock out of circulation.I think the idea that the shares will find their value and then level off is a good one, but the dividend yield is such that we might still want to hold until the sp reaches ... well on my new sums ignore the Liberum upgrade to £17.29 which makes no sense being so low, that would be selling out to soon if the settled outlook is a 150p dividend prospect. Will consider £30.
Re: Trading update today Great stuff freedom thirty5I like people who share similar interests to mine. Super.Im a novice TA follower. I use basic parameters. iii supplies me with those. And yes, I hope they dont mess it up with the new website.Just to add that I find complex TA doesnt work consistently ie hit and miss ie correct 50% of the time and wrong in 50% of the time. Not much use, is it? I might as well toss a coin. LolI used to post regularly and frequently in the ACTA bb, but have given up on that now. Because the ACTA bb stopped serving the purpose it was designed to do ie stopped delivering whats written on the tin. ATBDr M
Re: Trading update today Totally agree with you.I generally do not engage in trading. I might trade this one in future, simply because of how much the price goes up and down. Right now the trend is our friend, agreed.