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United Kingdom

Plus500 Ltd (PLUSP.L)

PLUSP.L on London Stock Exchange

527.80GBp
18 Apr 2019
Change (% chg)

22.20 (+4.39%)
Prev Close
505.60
Open
501.40
Day's High
527.80
Day's Low
501.40
Volume
1,023,579
Avg. Vol
1,593,702
52-wk High
2,076.00
52-wk Low
397.18

Latest Key Developments (Source: Significant Developments)

Plus500 Qtrly Rev, Number Of Active Customers Tumbles
Friday, 12 Apr 2019 

April 12 (Reuters) - Plus500 Ltd ::Q1 2019 TRADING UPDATE.SUBDUED FINANCIAL MARKETS IN QUARTER WEIGHED ON REVENUE FOR PERIOD.GROUP REVENUE FOR THREE MONTHS ENDED 31 MARCH 2019 WAS $53.9 MILLION (Q4 2018: $154.8 MILLION).QTRLY CONTINUED STRONG NEW CUSTOMER ACQUISITION, 21,306 (Q4 2018: 19,405).FINANCIAL MARKETS PROVIDED LIMITED TRADING OPPORTUNITIES FOR CURRENT AND NEW CUSTOMERS IN Q1.UNDERLYING OPERATIONAL PERFORMANCE AND NEW CUSTOMER ACQUISITION REMAIN ROBUST.GIVEN LEVEL OF GLOBAL POLITICAL, ECONOMIC NEWS, MARKETS SURPRISINGLY SUBDUED IN PERIOD, WHICH REDUCED NUMBER OF TRADING OPPORTUNITIES.SAYS REVENUE IN QUARTER WAS "DISAPPOINTING".TOO EARLY TO DRAW CONCLUSIONS ABOUT FULL YEAR OUTCOME BASED ON GROUP'S PERFORMANCE OVER FIRST THREE MONTHS.NUMBER OF ACTIVE CUSTOMERS IN QUARTER WAS 97,921 VERSUS 218,187.QTRLY ARPU $550 VERSUS $1,363.QTRLY AVERAGE USER ACQUISITION COST $1,230 VERSUS $502.  Full Article

Odey Asset Management Raises Stake To 14.55 Pct From 13.30 Pct In Plus500 - Filing
Monday, 18 Feb 2019 

Feb 18 (Reuters) - Plus500 Ltd ::ODEY ASSET MANAGEMENT LLP RAISES STAKE TO 14.55 PERCENT FROM 13.30 PERCENT IN PLUS500 LTD - FILING.  Full Article

Odey Asset Management Discloses 13.05 Pct Stake In Plus500- Filing
Wednesday, 13 Feb 2019 

Feb 13 (Reuters) - Plus500 Ltd ::ODEY ASSET MANAGEMENT DISCLOSES 13.05 PCT STAKE IN PLUS500 PLUSP.L VS EARLIER STAKE OF 9.74 PCT - FILING.  Full Article

Odey Asset Management Discloses Stake Of 10.77 Pct In Plus500- Filing
Friday, 18 Jan 2019 

Jan 18 (Reuters) - Plus500 Ltd ::ODEY ASSET MANAGEMENT DISCLOSES STAKE OF 10.77 PERCENT IN PLUS500- FILING.  Full Article

Plus500 Sees FY Performance Ahead Of Market View
Thursday, 27 Dec 2018 

Dec 27 (Reuters) - Plus500 Ltd ::PRE-CLOSE TRADING UPDATE.WITH YEAR ENDED 31 DECEMBER 2018 ALMOST COMPLETE, BOARD ANTICIPATES FINANCIAL PERFORMANCE WILL BE AHEAD OF CURRENT MARKET EXPECTATIONS.CONTINUED TO PERFORM WELL SINCE IMPLEMENTATION IN AUGUST OF REGULATORY CHANGES BY EUROPEAN SECURITIES AND MARKETS AUTHORITY."STRONG MOMENTUM", PREVIOUSLY REFERRED TO IN ITS TRADING UPDATE ON 20 NOVEMBER 2018, HAS BEEN MAINTAINED THROUGH TO YEAR END.  Full Article

Plus500 Says Not Impacted By FCA's move to make curbs on CFDs permanent
Friday, 7 Dec 2018 

Dec 7 (Reuters) - Plus500 Ltd ::PLUS500 LTD - RESPONSE TO FCA ANNOUNCEMENT.PLUS500 LTD - COMPANY ACKNOWLEDGES FCA ANNOUNCEMENT, NOTING IT ALREADY OPERATES IN COMPLIANCE WITH THESE PROPOSED CHANGES.PLUS500 LTD - NEVER OFFERED BINARY OPTIONS AND SO IS NOT IMPACTED BY THIS PROPOSED INTERVENTION.PLUS500 LTD - FCA'S PROPOSALS DO NOT CHANGE COMPANY'S EXPECTATIONS.  Full Article

Plus500 Sees 2018 Trading Ahead Of Expectations
Tuesday, 23 Oct 2018 

Oct 23 (Reuters) - Plus500 Ltd ::TRADING FOR 2018 IS NOW EXPECTED TO BE AHEAD OF EXPECTATIONS.FOR NINE MONTHS ENDED 30 SEPTEMBER 2018, REVENUE WAS $565.6 MILLION, AN INCREASE OF 86% COMPARED TO SAME PERIOD LAST YEAR.IN THREE MONTHS ENDED 30 SEPTEMBER 2018, COMPANY'S REVENUE WAS $100.1 MILLION, A DECREASE OF 14% COMPARED TO SAME PERIOD LAST YEAR.ACTIVE CUSTOMERS FOR NINE MONTH AND THREE MONTH PERIOD INCREASED 74% AND 8%, RESPECTIVELY, WHEN COMPARED TO LAST YEAR.APPROVED A PROGRAMME TO BUY BACK AN INITIAL AMOUNT OF UP TO $10 MILLION OF COMPANY'S SHARES.APPROXIMATELY 8% OF EEA CUSTOMERS HAVE NOW ELECTED TO BECOME PROFESSIONAL CLIENTS REPRESENTING APPROXIMATELY 38% OF Q3 EEA REVENUES.LESS THAN HALF OF EEA REVENUES, OR ONLY 30% OF GROUP REVENUES, WILL BE IMPACTED LONGER TERM BY CURRENT EEA RESTRICTIONS.VOLATILITY FOR SIGNIFICANT PERIODS OF Q3 WAS VERY LOW BY HISTORICAL STANDARDS, BUT HAS INCREASED SINCE PERIOD END.IN 2019, EXPECT REVENUES TO BENEFIT FROM CUSTOMER ACQUISITION, CONTINUED INVESTMENT IN MARKETING, RETENTION INITIATIVES AND NEW LICENCE.  Full Article

Odey Asset Management Cuts Stake In Plus500 To 10.85 Pct From 11.26 Pct- Filing
Monday, 24 Sep 2018 

Sept 24 (Reuters) - Plus500 Ltd ::ODEY ASSET MANAGEMENT CUTS STAKE IN PLUS500 TO 10.85 PERCENT FROM 11.26 PERCENT- FILING.  Full Article

Axxion SA Discloses 5.10 Percent Stake In Plus500 - Filing
Wednesday, 12 Sep 2018 

Sept 12 (Reuters) - Axxion SA ::AXXION SA DISCLOSES 5.10 PERCENT STAKE IN PLUS500 - FILING.  Full Article

Playtech Sells Entire 9.99 Pct Stake In UK's Plus500
Friday, 7 Sep 2018 

Sept 7 (Reuters) - Playtech PLC ::PLAYTECH PLC - SALE OF HOLDING IN PLUS500 LTD.PLAYTECH PLC - HAS SOLD ITS ENTIRE HOLDING OF APPROXIMATELY 11.4 MILLION ORDINARY SHARES IN PLUS500 LTD.PLAYTECH PLC - SALE IN PLUS500 AT A PRICEOF 1,550 PENCE PER ORDINARY SHARE, REALISING GROSS PROCEEDS OF APPROXIMATELY £176 MILLION.PLAYTECH PLC - PROCEEDS FROM SALE WILL BE USED FOR GENERAL CORPORATE PURPOSES AND DEBT REDUCTION.PLAYTECH PLC - STAKE ALE REPRESENTS APPROXIMATELY 9.99% OF PLUS500'S ISSUED SHARE CAPITAL.PLAYTECH PLC - FOLLOWING COMPLETION OF SALE, PLAYTECH WILL NO LONGER HOLD ANY INTEREST IN PLUS500'S ORDINARY SHARES.  Full Article

CORRECTED-UPDATE 2-European shares end higher boosted by banks and auto stocks

April 12 European shares finished higher for a third straight day on Friday, with investor sentiment getting a boost from JP Morgan setting a strong start to U.S. earnings and amid signs of stabilization in China's economy.