Plus500 continues to trade well, delivering another excellent financial performance, reflecting a business model built on a unique, proprietary tech stack which delivers customer acquisition and retention. Cash generation remained strong in the quarter, allowing significant shareholder returns and further investment in the group’s growth and diversification strategy which aims to build a multi-asset fintech platform. Assuming a 70% distribution of FY23 and FY24 consensus net profit, would imply ...
The UK economic outlook has improved, and energy prices have been much responsible for that. Despite some uncertainty left on this front for winter 23/24, prices are not expected to rise as rapidly as in 2022, thus views on inflation and economic growth have become less pessimistic (ours included) over the last two months. Why? A better energy outlook benefits consumption, business sentiment (thus investment) and eases the burden of fiscal support in 2023.
The UK economic outlook has improved, and energy prices have been much responsible for that. Despite some uncertainty left on this front for winter 23/24, prices are not expected to rise as rapidly as in 2022, thus views on inflation and economic growth have become less pessimistic (ours included) over the last two months. Why? A better energy outlook benefits consumption, business sentiment (thus investment) and eases the burden of fiscal support in 2023.
Plus500’s FY22 prelims confirm the cash generative nature of its business model, built on its unique proprietary tech stack which drives customer acquisition and retention. Not only do these cash flows support high shareholder distributions (cumulative $1.7bn since IPO), they also fund the investment in the group’s growth and diversification strategy, as it builds out a multi-asset fintech platform. An illustrative 70% distribution of FY23 and FY24 net profit, would imply a 2-year total sharehol...
A director at Plus500 Ltd bought 2,784 shares at 1,435p and the significance rating of the trade was 55/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showi...
PLUS500 (GB), a company active in the Speciality Finance industry, reduced its market risk and raised its general evaluation. The independent financial analyst theScreener awarded an improved star rating to the company, which now shows 3 out of 4 possible stars; its market behaviour has improved and can be considered as defensive. theScreener believes that this new assessment merits an overall rating upgrade to Slightly Positive. As of the analysis date January 25, 2022, the closing price was GB...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
LONDON--(BUSINESS WIRE)-- Plus500, a leading technology platform for trading Contracts for Difference ("CFDs") internationally, today announces that it has conditionally agreed to acquire all of the membership interests of Cunningham Commodities LLC. (“Cunningham”), a regulated Futures Commission Merchant (“FCM”), and Cunningham Trading Systems LLC. (“CTS”), a technology trading platform provider, operating in the futures and options on futures market in the US (together “the Acquisition”). Compelling strategic rationale The Acquisition represents a major growth opportunity for Plus500, allo...
Initial Low Established Several equity indexes and indicators we watch are telling us an initial primary low has been established for global equities (ACWI-US). At the same time, after this type of major waterfall decline there is often a test of this initial low - and oftentimes we get an undercut of the initial low. Barring approval of a first-line therapy for COVID-19 we are of the belief that we will get an eventual test of this initial low and potentially an undercut. Below we provide upda...
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