PMK - PLUS Markets Group PLC

[Spennyboy]

9.50/9.75.

Buys coming through at 9.75.

10p is the next jump

[Spennyboy]

Another 500k through and the ask hits 10p

[Geko]

Looking good.

[tam9]

got in this morning...bought another 8220 shares at 9p...lets c when it takes off

[super mike]

Just topped up, for a short one, see if I regret it.

This isn't going to be a short one, it has bags of potential but it won't be an overnighter. IMHO it will rise steadily and any sudden spikes will be retraced. Give it a few years though and just the thought makes me moist.

I am disappointed this didn't break the 50 pound mark today though

[Geko]

This isn't going to be a short one, it has bags of potential but it won't be an overnighter. IMHO it will rise steadily and any sudden spikes will be retraced. Give it a few years though and just the thought makes me moist.

I am disappointed this didn't break the 50 pound mark today though

I was hoping it was going to break 10p, sell up, and then after a small retrace get back in to gain a few more shares. In the end I tripled my hold and just left them there. Like you I can see the long term potential. I was just looking at the figures for the August trades. Very promising. Also, I can't see how they held the SP back today. Far too many buys.

[Spennyboy]

The fact they held it back on so much buying power yet ticked it right down on sells speaks volumes.... Excuse the pun!

Monday will be very interesting. As soon as we get the September results it should give it a bit more momentum. Unfortunately it don't matter how many buys go through now, were go up as and when the mm are ready.

[Geko]

I have got some cash to top up my portfolio. Do I go for this or SXX? Or another share?

Opinions? I can keep it in for a couple of years.

[Geko]

Bit of a drop today. Hoping to get in at it's lowest and top up.


Half Yearly report - http://www.londonstockexchange.com/e...entId=10207689

Bit of a long one. Open the link for more details. Briefly below.

Highlights

* PLUS H1 volumes at over 36 billion shares traded, up more than 200% on
previous year;

* Capital markets offering maintaining momentum in difficult market
conditions, with twelve new companies - seven of which are international -
admitted to the PLUS market in the first half;

* Revenues down slightly to £1.49m (2008 - £1.60m);

* Administrative expenses amounted to £7.38 million (2008 - £4.11 million)
including £3.15 million in respect of expenditure on legal costs, the
setting-up of PLUS-Europe, trading platform development costs and strategic
initiatives (2008 - £0.93 million);

* Loss before depreciation, amortisation, impairment and interest received of
£5.85 million (2008 - £2.74 million), after share-based payment credit
(2008 - charge); and

* The Group has no debt and retained a cash balance of £10.26 million (2008 -
£19.00 million).

Post balance sheet events:

* PLUS commenced trading in all AIM securities on 21 August 2009; and

* Successful investment in the Company by Amara Dhari Investments Limited
('Amara Dhari'), a syndicate of investors from the Middle East, raising £5
million before expenses, to strengthen the balance sheet and further the
company's international expansion.

Commenting on the interim results, Chief Executive Officer Simon Brickles said:

'Having commenced trading in AIM securities towards the end of August, PLUS is
now able to offer complete UK stock coverage on its trading platform. This
includes the whole small and mid-cap market where PLUS has a very strong
comparative advantage. Although it is early days, PLUS is pleased with initial
volumes especially in non-order book stocks. We intend to build further on this
liquidity and attract listings on the basis of our unique market position.
This ambition is supported by a strengthened balance sheet and a broader
international focus'

[Spennyboy]

Pretty much all to be expected. It will be the next 6 months that will be crucial to the company.

No debt and good looking future.

Going to have to stop looking at them daily and come back in a few weeks/months.

[Geko]

Pretty much all to be expected. It will be the next 6 months that will be crucial to the company.

No debt and good looking future.

Going to have to stop looking at them daily and come back in a few weeks/months.

Yeah, Same here. Especially now I topped up again. lol

[super mike]

Thought I'd bump this to see if anyone else is still in?

[Spennyboy]

I wish you hadn't.....

[super mike]

PLUS Markets Group plc - successful implementation of trading platform &
operational update

Key highlights

* Successful launch of PLUS's new technology quote trading platform;

* Trading performance now in line with strategic objectives as previously
outlined - costs at £5 million level from 2011;

* Appointment of Non-executive Director with derivatives and interest rates
expertise;

* Appointment of Managing Director for the PLUS Derivatives Exchange; and

* Trading in FTSE MTIRS (Medium Term Interest Rate Swap) Index Series to go
live in H1 2011.

Cyril Théret, Chief Executive Officer, commented: "I am pleased to confirm that
over the last nine months we have successfully laid the foundation for London's
next generation of stock exchange. PLUS is now able to offer cash trading,
listing, derivatives and technology services including product innovation,
through a competitive, low cost base Recognised Investment Exchange. Over the
next three to six months, we are concentrating on the delivery of our new
product lines, with the launch of our short to medium term interest
rates-related product set to go live in the first half of next year."

Technology roadmap

PLUS has completed the construction and implementation of a new in-house built
quote and trade reporting platform (known as "PLUS1"), built in under five
months and launched on 6 December 2010. PLUS has also installed a new market
surveillance application, Apama, provided by Progress Software Corporation, a
global provider of application infrastructure software.

This change in core technology is central to PLUS achieving a lower cost base
for 2011, reducing the Company's technology infrastructure costs by 75%. The
new trading functionality supports market making in PLUS's growth stocks and
retail order flow trade reporting, and will also support over-the-counter
("OTC") trading of the FTSE MTIRS Index Series. The Company intends to build
out from this offering in 2011, adding request-for-quote and lit book services.

Financials

PLUS will report on its financial performance for the year to 31 December 2010
in March 2011. Trading performance remains in line with internal expectations
and the Company confirms today that it has completed its cost reduction
programme following the successful technology migration on 6 December 2010.
Costs have been reduced by 40% to an annual level of £5 million from 2011 and
it is anticipated that additional revenue streams from the launch of new
services will commence in the first half of 2011. Existing cash resources will
support PLUS as it closes the gap to profitability, anticipated in 2012.

Board composition

PLUS continues to review the shape and composition of its Board to meet new
challenges and opportunities. On 29 November 2010, PLUS announced the
appointment of Malcom Basing to the Board of PLUS Markets Group plc as an
independent Non-Executive Director. Mr Basing brings over thirty years of
senior management and board experience in investment banking and financial
markets, including at UBS AG and as a former Director and Chairman of the
International Swaps and Derivatives Association.

Group composition

The structure of the Group is also evolving to support its new initiatives.
PLUS Markets Group plc is the holding company for its operating subsidiary,
PLUS Markets plc, which is to be renamed the PLUS Stock Exchange ("PLUS-SX"),
providing cash trading and listing services. PLUS-SX provides UK and
international companies with access to capital through a range of fully listed
and growth markets, and also supports the execut1on of retail flow across a
wide range of UK and European securities.

The Group has now created a second subsidiary, the PLUS Derivatives Exchange
("PLUS-DX"), to promote its derivatives-related services, such as the FTSE
MTIRS Index Series.

PLUS is still seeking to fund, via a special purpose vehicle, the launch of a
lit book to support execut1on services for both PLUS-SX and PLUS-DX. The near
to zero latency matching engine is to be provided by Algo Technologies Ltd, who
have already supplied the Group with its AlgoData and AlgoSpan products in
support of the PLUS1 platform.

PLUS Derivatives Exchange

In order to drive forward the PLUS-DX initiative, we are pleased to confirm
that Clive Connors has been appointed Managing Director of PLUS-DX, with effect
from 4 January 2011. Mr Connors is founder of Pipeline Capital Inc and has over
25 years' trading experience in derivatives and fixed income with inter-dealer
brokers. He joins PLUS from Kepler Capital Markets where he set up and manages
the central OTC market place for the USD FTSE MTIRS index.

PLUS-DX will provide innovative product trading services and plans to offer
short to medium term interest rate related products. PLUS-DX's services are
designed to address the changing regulatory and commercial landscape.

Conclusion

2010 has been a year of rapid transition for PLUS, during which the foundations
have been laid for London's next generation of stock exchange. PLUS is now able
to offer cash trading, listing, derivatives and technology services including
product innovation, through a competitive, low cost base Recognised Investment
Exchange.

[Spennyboy]

Very interesting.