$PLUS.L (PLUS 500 LTD)
๐๐๐ฅ๐ ๐ฒ๐๐๐ซ ๐ซ๐๐ฌ๐ฎ๐ฅ๐ญ๐ฌ ๐๐๐๐ ๐ฐ๐๐ซ๐ ๐ฉ๐ฎ๐๐ฅ๐ข๐ฌ๐ก๐๐ ๐๐ฒ ๐ญ๐ก๐ ๐๐จ๐ฆ๐ฉ๐๐ง๐ฒ!
David Zruia, Chief Executive Officer of Plus500, commented:
โ๐๐๐ข๐ 500 โ๐๐ ๐๐๐๐๐ฃ๐๐๐๐ ๐ ๐ก๐๐๐ก๐๐๐๐, ๐๐๐๐๐๐ก๐๐๐๐๐ ๐๐๐ ๐๐๐๐๐๐๐๐๐ ๐๐๐๐๐๐๐ ๐ ๐๐ข๐๐๐๐ ๐ป1 2024 ๐๐๐ ๐ผ ๐๐ ๐๐๐๐ข๐ ๐๐ ๐คโ๐๐ก ๐ค๐ โ๐๐ฃ๐ ๐๐โ๐๐๐ฃ๐๐. ๐๐ ๐๐๐๐ก๐๐๐ข๐ ๐ก๐ ๐๐ ๐๐ข๐๐๐๐ ๐๐ฆ ๐๐ข๐ ๐ ๐ก๐๐๐ก๐๐๐๐ ๐๐๐๐๐ก๐๐๐๐ โ ๐ก๐ ๐๐ฅ๐๐๐๐ ๐๐๐ก๐ ๐๐๐ค ๐๐๐๐๐๐ก๐ , ๐๐๐ฃ๐๐๐๐ ๐๐๐ค ๐๐๐๐๐ข๐๐ก๐ ๐๐๐ ๐๐๐๐๐๐ ๐๐๐๐๐๐๐๐๐๐ก ๐ค๐๐กโ ๐๐ข๐ ๐๐ข๐ ๐ก๐๐๐๐๐ ."
๐๐๐ฒ ๐๐ข๐ ๐ฎ๐ซ๐๐ฌ:
- revenue for the first half of the year: 398,2mil USD - an increase of 8% year over year
- revenue for Q2 increased 14% year over year
- EBITDA: 183,9mil USD - an increase of 6% year over year
- EBITDA margin of 46% - down from 47% last year
- EPS (earning per share): 1,9 USD - representing a growth of 18%
- record cash balance of 1 bn USD - an increase from 849mil last year.
Significant shareholder returns of $185.5m announced today, comprising total share buybacks of $110.0m and total dividends of $75.5m. The year to date return for the shareholders is 360,5mil USD.
Please see the attached table with the operational KPIs of the company. These all together show a strong growth and good business model.
- ARPU: Average Revenue Per User
- AUAC: Average User Acquisition Cost
Plus500 is well positioned to seize the substantial market opportunities ahead, with FY 2024 results anticipated to be ahead of current market expectations.
The Group remained debt-free and held cash and cash equivalents of $1,007.2m as of 30 June 2024 (30 June 2023: $849.0m; 31 December 2023: $906.7m).
The Companyโs shareholder returns policy is to return at least 50% of net profits to shareholders through share buyback programmes and dividends, on a half yearly basis, with at least 50% of this distribution being made by way of share buybacks. The Board may also consider executing special share buybacks, or other distributions, on a half yearly basis, dependent on fiscal year results as well as on investment and growth opportunities. This shareholder returns policy applies to net profits on a half-yearly basis and is based on a 23% corporate tax rate, for both interim and final distributions.
With these results the company is still undervalued! They will make a lot of money with the current environment just like banks. High interest rates, high trading activity, while the investors/traders are growing -> best period for the company.
Feel free to add your thoughts to the earnings.
source:
plus500.com... Show More
