|Bid||850.00 x 24600|
|Ask||1,050.00 x 21200|
|Day's Range||861.00 - 1,044.49|
|52 Week Range||861.00 - 2,076.00|
|Beta (3Y Monthly)||0.40|
|PE Ratio (TTM)||2.77|
|Earnings Date||Feb 6, 2019 - Feb 11, 2019|
|Forward Dividend & Yield||1.70 (14.98%)|
|1y Target Est||24.27|
"In 2017, as in 2016 and 2015, the company did not generate net revenues or losses from market P&L." The words "or losses" were wrongly included due to the "drafting" error, it said. "This error does not impact previously reported revenues, profits or the balance sheet of the company," Plus500 said. Plus500 has already said this week that revenue and profit would fall short of analysts' expectations in the current year, erasing a third of its market value.
Last year, Plus500, a betting business for people who consider horseracing too tame, spent $934 for each new customer. Many of us would happily accept $434 in cash in return for pledging never to become one, thus saving Plus500 $500 per person and us the worry of understanding contracts for differences or trying to guess next week’s price of bitcoins, dollars, gold or shares. This is much harder than it looks, but lots of people (“mug punters” in the trade) think they can do it, and when the bet can be juiced up with borrowed money (“margin” in the trade) it is financially deadly.
was the Stoxx 600’s biggest gainer after the German online classifieds publisher agreed to a takeover by buyout firms Hellman & Friedman and Blackstone, its previous owners. A price of €46 per share was an 11 per cent premium to its last closing price. Acceptance of the buyout was set at a threshold of 50 per cent plus one share, seemingly to deter activist investors from building a stake and haggling for a higher price.
The FTSE index increased 0.8 percent after touching its highest level since Oct. 10, handily outperforming its European peers, while the midcaps were also up 0.8 percent. British lawmakers will face a choice between Prime Minister Theresa May's divorce deal or a long extension to the March 29 deadline for leaving the European bloc, May's chief Brexit negotiator Olly Robbins was overheard saying in a Brussels bar.
Plus500 clients lost money during the global market rout in the final months of 2018. Under the rules introduced in 2018, brokers including IG Group Holdings Plc, CMC Markets Plc and Plus500 are restricted in how they sell and market the derivatives, while customers face caps on how much they can borrow and lose. While the clampdown was expected, investors were caught off-guard by how much the equity market swoon, which whipsawed trading desks around the world, helped Plus500 cushion the pain.
The mood soured on the main indices in choppy afternoon trade as Prime Minister Theresa May urged lawmakers to back her Brexit deal and Bank of England Governor Mark Carney warned again of the economic damage if Britain leaves the EU without a deal. The FTSE 100, which makes 70 percent of its income overseas, closed up 0.1 percent, after briefly falling into negative territory as sterling recouped some losses during May's speech.
On Tuesday it reported a 90 per cent rise in net profits last year to $379m as revenues rose 65 per cent to $720.4m. Plus500 has been particularly vulnerable to this shake-up as it offers some of the highest multiples of such leverage. The company has also decided to maintain its marketing spending, which will eat into its profits this year as revenues decline.
A profit warning sent Plus500 plunging, with the contracts-for-difference bookmaker also revealing for the first time how much its earnings relied on betting against its customers. The company posted a ...
Expecting big losses to follow a winning streak is an example of the gambler’s fallacy. But Plus500 investors had reason to suspect their luck would run out. The Israeli online trading company was one ...
slumped on a profit warning, which was due to its clients not losing enough. The contracts-for-difference bookmaker said the effect of European leverage regulations in combination with maintained marketing spend was “likely to result in 2019 profit being materially lower than current market expectations”. Full-year results from Plus500 showed revenue up 65 per cent to $720m on a 20 per cent higher cost base, resulting in profit nearly doubling to $503m.
Online trading platform Plus500 said it will look to expand into regulated markets such as Japan to offset the impact of a crackdown in Europe on high-risk financial betting. Plus500, which allows individual customers to trade contracts for differences on more than 2,200 financial instruments, has been under scrutiny in Europe along with its rivals CMC Markets and IG Group. "We are looking into regulated markets only at the moment," Plus500 Chief Financial Officer Elad Even-Chen said, citing Japan as a good example for foreign exchange-related trading.
The online trading platform reported a 14.1 percent fall in third-quarter revenue due to a regulatory crackdown on leveraged financial betting by ordinary consumers. The company warned in August that its "exceptional performance" in the first half was unlikely to be repeated due to the regulatory clampdown. Like peers IG Group (IGG.L) and CMC Markets (CMCX.L), the company has been under scrutiny as regulators tighten rules on products which allow anyone with a bank card to make highly-leveraged bets on financial markets through their apps and online platforms.
Founded by Israeli billionaire Teddy Sagi, Playtech has sold the stake in Plus500 three years after pulling the plug on a $700 million takeover of the Haifa, Israel-based company, which has a 1.83 billion pound ($2.37 billion) market value. Shares in Plus500 fell 5.3 percent to 1,522 pence at 0850 GMT on Friday on news of the sale by Playtech, which also owns world's largest live casino studio in Latvia. Playtech said in a statement it had sold 11.4 million ordinary shares at 1,550 pence-a-share in Plus500, which provides an online platform for retail investors to make bets on financial markets through contracts for differences.
Haifa, Israel-based Plus500, which provides an online platform for retail customers to trade contracts for differences, said the sale of about 9.4 million shares at 1550 pence per share would raise gross proceeds of about 145 million pounds ($187.67 million) for the founders. After the sale, founders Alon Gonen, Gal Haber, Elad Ben-Izhak, Omer Elazari and Shlomi Weizmann would own about 8 percent of Plus500, it said.
Plus500 Ltd. develops and operates an online trading platform for individual customers to trade contracts for difference (CFDs). Plus500 is one of Israel’s large-cap stocks that saw some insider sellingRead More...