About Plus500™
Plus500 is a leading provider of Contracts for Difference (CFD’s), delivering trading facilities on shares, forex, commodities and indices, alongside innovative trading technology.

Online Site......
http://www.plus500.co.uk/Help/AboutUs.aspx

Last RNS trading update.

Wednesday 20 November, 2013Plus500 Ltd
Trading Update

RNS Number : 5143T
Plus500 Limited
20 November 2013

For immediate release
20 November2013

Plus500 Ltd.

("Plus500" or "the Company")

Trading update for year ending 31 December 2013

Current trading significantly ahead of market expectations

Plus500, a leading online service provider for retail customers to trade CFDs internationally, today announces that following the announcement made on 17 October trading has remained strong and has already exceeded market expectations for the 12 months ended 31 December 2013.



The Company now anticipates that revenues for the year ending 31 December 2013 will be significantly ahead of market expectations.



Plus500 continues to see active customer growth accelerating whilst customer acquisition costs remain stable. This continued strong performance, coupled with favourable market conditions, highlights Plus500's growing market position and the increasing effectiveness of the Company's marketing efforts.



The Company's strategy of listing on the London market to increase brand awareness has contributed to this success.

Company website: www.plus500.com

For further details:

Plus500 Ltd

Elad Even-Chen, Head of Investor Relations

ir@Plus500.com


Tel: +972-4-8189503

Liberum Capital - Nomad and Broker

Went long this morning. Looks a fantastic prospect. BUT DYOR.....it is on the AIM market.

Breakout here. Strong on a bad day..............

Up 20% this am.

Yep corker Mitzy. At 30% I sold the top and just left the rest in.

Wasnt going to miss out on that in this market.

Over 600p

Very nice.

Trading Update

Trading update for the three months ended 31 March 2014

Increase of 207% in revenues to $60.7m in Q1 2014

Plus500, a leading online service provider for retail customers to trade CFDs internationally, is pleased to announce the following trading update for the three months ended 31 March 2014.

The Company has continued to experience significant growth, as highlighted in its maiden full year results published in February this year. Customer growth continues to increase with more than 50,000 active users trading across our platform. The Company believes that this excellent performance is underpinned by a combination of Plus500's growing brand awareness in its core markets coupled with the ongoing delivery of successful online marketing and affiliate programmes.

ITS GREAT NOW OVER 650p

Very nice indeed.

nice chart.

Another new high today.

This and XLM going great guns at the moment and outperforming the whole market.

Nice chart. Why is it a log chart?

Not a bad day considering.

this is almost certainly a good one to watch - and suggest do no more than that for now!

Making up for yesterday.

Falling back now.

Moving up again.

21% more shares take £7 _ 21% = 553 arrived yesterday next trading update
200% more rev I don't think so 50% more may be pushing it so £7 may be
dec 2014 will hold

Numis Buy 641.75 618.00 - 824.00 Initiates/Starts

Struggling today.

Yep but buys bigger than sells.

Strange stock this.

Falling back now to 500p.

Another new low.

Been watching here for ages having missed the boat last year but decided to jump in this morning.

cawkwell versis morgan odey CFD ect bought more today @ 448 follow the money

Perhaps that trading update is being digested. Numis were out with a buy rec on Monday tp 824p.

I clearly got my timing wrong, stopped out.

am out I-7-14 director resigns, along with other doubts, can,t stand the heat, sold. 50 k sold delayed from Friday showed up 11.56 14.7.14 another reason.

Sell after sell best stay out.

chartwise 300p not unrealistic which is why I got out.

follow the money, was t/v program had some links. usually works, company statement helped, bought backin @463 now have more faith I company if all lies ?

363

Heading back to 500p.

this one can be a bit scary as the chart shows, but with its figures due 27/8 it may be worth having a cautious dabble, though as always, timing will be key

Be careful here Cyners Evil and his camp are short on this one and he tells me he wont close until its sub 200p.

he sure doesn't always call correctly :-)

good figures (say £70/75m t/o) are a reasonable bet and i'ld also expect a bullish statement re current trading - volatile markets are heaven-sent for CFD trading businesses

Thats true as you dont have a contract finalising date, but pay interest over night.

S Bets are cheaper but you can get caught on the last day.

blah blah blah.

goldfinger,mitzy, ect do not ignore the maths,get out of the crap , go into a live one

In freefall.

Statement regarding recent speculation

tin hats

After todays relief rally maybe £3.50 will be the bottom, although PLUS could move strongly upwards on a positive RNS release as this was £7 a few days ago and now £4, this seems to be a big drop created to let the short funds out..hmmm

the next trading update, await in treperdation, £5 To £6 s/p then, unable to see £7

Oday buying again and still it goes down ..

Numis note yesterday:
"Plus500 is enhancing its client on boarding and AML processes in the UK which has resulted in additional document checks being required by a number of existing clients. This review only affects c.25% of Plus500′s total client base and it expects to have the majority of the higher value clients verified in the next couple of days with the remaining clients in the next couple of weeks. In our view, the reputational damage created by these actions is likely to materially impact the churn rate and new client numbers. As a result, we have reduced our 2015/16/17E EPS estimates by 31%/38%/24% to 74c/74c/102c. However, our recommendation remains under review as we are not sure what proportion of clients can be verified, how the FCA may react, the magnitude of the potential reputational damage and how c.40% of its clients react when they realise they are now regulated by CySec rather than the FCA.
● Enhanced client on boarding and AML processes – The review appears to have been driven by the new management team at Plus500UK (rather than the FCA) who wanted to significantly enhance the existing procedures and ensure the business is whiter than white. But until this review has been completed, affected clients will not be able to open any new trades or deposit/withdraw funds. If completed successfully, this may eventually help allay some of the concerns about its client on boarding procedures, although the transition will undoubtedly be painful.
Business as usual for 75% of clients – Both the Australian and Cypriot subsidiaries are unaffected by this review, which when combined with the c.45% of Plus500UK clients that are allowed to trade, implies 70-75% of clients have been unaffected. According to Plus500, the Australian regulator ASIC has already completed a full review of the business last year and was happy with the Group’s procedures while the Cypriot regulator CySec requires that all procedures are verified in advance of the licence being issued."

Close my short this morning and now suspended ..

that was a mighty good short jimmy
should pay for your holiday in the caribbean

Cheers ,i actually went from 720p and nearly stopped myself out when it went up !
I closed this am when it really fell sharply for 490 pts.

However it's more an experiment at the moment i'm looking at AIM stocks that fly too high without good earnings or profits ,or in this case with problems .
I am becoming a shorter !!

Nicely done Jimmy - "seat of the pants" stuff.

hope you dabbled with at least 1,000

Thanks , it wasn't seat of the pants stuff until i realised i closed 15 minutes before suspension !

Do a couple of extra lottery tickets tonight! :-)

Good idea skinny . If you never hear from me again you'll know what's happened :)

nice1 jb - south as expected - fantastic

And now for the bounce back I suspect.

Further statement and clarification

and still falling with few buyers - 220

MAM charts don't show the latter part of the chart so..

rns reads to me that they were definitely operating on the dodgy side of the rails and have been caught out ..... very stupid

Yes - best left well alone - by me at least.

or maybe not!

what a great day - also:

Plus500 appears to have a problem — and it goes beyond the application of anti-money laundering rules which have required the London-listed contract for difference broker to freeze more than half of UK customer accounts, until the identity of each client is verified.

On Monday, following a one-third drop in the share price, the Israel-based group put out an announcement which said, “currently c.50% of Plus500′s revenue is derived from Plus500UK”.

Consideration of the accounts for the UK regulated entity, Plus500UK Ltd, makes it hard to see the basis for that statement.

Small totals reported for UK turnover in the last two years also return us to a question asked in our first post on the company: where do Plus500′s customers come from?

The entity listed since 2013 on Aim, London’s junior market, is the Plus500 holding company run from Haifa, Israel, where senior management, computer systems and most staff are found. The Israel business is not licensed to conduct contract for difference trading, but it has three subsidiaries which are, in the UK, Cyprus, and Australia.

The UK entity was incorporated in 2009 and granted a licence by the Financial Conduct Authority in June 2010. The UK license can be “passported”, allowing it to operate in other European countries, but Plus500CY also secured a licence from the regulator in Nicosia, Cyprus, in October last year.

The small Australian business has been licensed since June 2012, and began offering CFD trading at the start of 2013, according to Plus500.

When the group published accounts for 2013, it said Plus500 focuses on 50 markets, and “the Group’s current core market is Europe where over 90% of its revenues are achieved, with the UK being its largest jurisdiction with 15% of its total revenues in 2013.”

It was possible to largely reconcile the revenue numbers with the accounts published by the subsidiaries. Group revenues were $115m. Plus500UK ltd reported turnover of £64m ($100m), and Plus500AU recorded turnover of A$3m ($3m), leaving about $12m to go through the holding company.

However, auditors for the UK entity changed last year. Baker Tilly, auditor for 2013 after acquiring Plus500 accountant RSM Tennon, resigned. PWC took over.

The first thing to note in the 2014 filing for Plus500UK is revenues for the previous year were restated downwards, from £64m to £13m ($20m).

UK revenues for the regulated entity were £24m ($40m) in 2014. Australian revenues were A$10m ($9m).

In the group accounts for the year, however, Plus500 reported trading income had doubled, to $229m. It is possible Cyprus now represents significant revenues for the group, but it was only licensed for a few months of 2014.

Three questions present themselves:

What happened to the £51m of UK revenues previously reported for 2013?
On what basis can Plus500 announce on Monday around half of revenue is derived from Plus500UK?
Where does the rest of its trading revenue come from?

The apparent disappearance of £51m in turnover suggests differences of opinion between the two sets of auditors about what constitutes revenue. The definition of turnover for Plus500UK changed between 2013 and 2014, from:

To:

Another possible area of disagreement might be the attribution of non-UK revenue to the UK entity. The distinction matters because investors in Plus500 may place a different value on business conducted in the UK, under FCA regulation, versus elsewhere.

Consider the internet traffic we looked at in our first post in this series, which appears to suggest significant numbers of visitors to Plus500.com arrive from China. Note also the value Plus500affiliates.com (a website whose ownership it is not possible to ascertain) places on referrals of Hong Kong customers: $350.

Plus500 has been on the “Alert List” of unlicensed entities published by the Hong Kong Securities and Futures Commission for four years:

Hopefully, the company can fill in the gaps for us here. We also checked with Plus500 that they are not operating in jurisdictions where the firm is not licensed, such as Hong Kong. At pixel, a spokesperson for the company had not responded to requests for comment.

Update

The company said:

· Plus500 is not operating in jurisdictions other than where it has licences.

· The restatements of revenues were due to reclassification of revenues to Israel from UK – this is because Israel is providing the back end services

· So the 50% statement is correct in the sense that the UK customers account for 50% of revenues

· So don’t confuse domicile of customers with allocation of revenue – the two don’t have to equate

Odey adding more this morning .

i wouldn't touch this company with a bargepole
forensic accountants are not called in for a laugh, and at the very least, this company must be sailing very very close to the wind

Going long here is a pure gamble at the moment ,going short from 720 wasn't :)

He who dares, Jimmy, he who dares - good luck - not for me though.

Not doing anything here now skinny .

back in am following the money, cfd shorters now defunct, liberium forcast I feel right
target £5=50 approx

Sorry Jimmy - I misread your post.

Watching with interest but have no intention of trading.

Odey have far more information than joe public but what happens when Odey stop buying? which presumably happens at 29.9% if not earlier?

This is interesting

http://www.hl.co.uk/funds/fund-discounts,-prices--and--factsheets/search-results/o/odey-allegra-developed-markets-accumulation

Allegra fund largest investment is Plus500 and would wonder if it is maxed out.

Situation will be different in the larger fund

SHLOMO MOEULLER ‏@moueller1961 5h5 hours ago

Billionaire hedge fund backer of #Plus500 hikes stake in embattled Israeli spread better
#Israel #business

http://www.thisismoney.co.uk/money/markets/article-3097824/Billionaire-hedge-fund-backer-Plus500-hikes-stake-embattled-Israeli-spread-better.html#ixzz3bIrv6uh0

http://uk.businessinsider.com/plus500-customers-are-going-to-have-to-wait-another-month-to-get-their-frozen-cash-2015-5#ixzz3bKKHCeC8

company statement 18 may. 55% uk frozen, business insider, all of uk who is correct.

Directors confirmed at AGM yesterday it is 100%

north today ;

glad i went nowhere near this, as for sure would have shorted
i really can't see the good news, so is it all just manipulation by odey, and if so, why exactly?

nice one jimmy :-)
now try again so we can all read it :-))

I tried to post a chart but the usual way wont work .Something funny happening with these threads on MAM
----------
What i said was you missed the boat cynic ,however if they keep going up like this you may get another chance .

hope i won't be tempted, as it looks like a pretty flaky set-up with sp defying logic

A bit Quindellish at the moment , TUNG another one up and down .

And Odey have a 15% of TUNG as well.

Some stocks are interesting to follow but I will never trade and this is one of them.

I think there is something rather odd about a company who spends 7 months in dialogue with the FCA about on-boarding who then has to stop all new customer activity.

Even more bizarre is what I'm reading now is that PLUS are transferring some existing customers to Cyprus. Why not just get the UK on-boarding stuff which is basically proof of residence and a bank account.

And if a customer can't provide those are they really the sort of customer you want at all, never mind porting over to Cyrus regulatory authority.

Edit: and I see Odey have bought another 2% - announced a couple of hours ago. I have to ask what happens when they stop buying

best not to worry about it :-))

I don't know what's going on with Odey ,either he knows something we don't or maybe he's cheated on his wife and she's got hold of his account !!

well at this rate another 7-10 days and they will hit 29.9%

tbh if they get away with routing everything through Cyprus this will all be forgotten about in a few months and Odey will look like a genius

Plus500 to be acquired by Playtech in agreed deal

StockMarketWire.com

Playtech and Plus500 have reached agreement regarding the terms of a recommended cash acquisition through which the entire issued ordinary share capital of Plus500 will be acquired by Playtech.

Under the terms of the deal, Plus500 Shareholders will be entitled to receive 400p per Plus500 share in cash. The acquisition values the entire issued ordinary share capital of Plus500 at about £459.6m.

Playtech CEO Mor Weizer said:

"Having recently completed the acquisition of TradeFX, the opportunity to acquire Plus500 will prove transformational for our ambitions to expand Playtech's wider offering.

"As an immediately earnings enhancing acquisition, the combination of the two businesses is compelling, enabling us to apply our market-leading products and services to the enlarged financial trading business as we continue to execute our growth strategy for the Group."

Plus500 CEO Gal Haber said:

"We are very proud to have built Plus500 in a short time into a significant player in the CFD market.

"Havingbeen admitted to AIM at a share price of 115p on 24 July 2013 and paid significant dividends during this time, we believe that now is the right time to combine the business with Playtech who can provide additional infrastructure and expertise to add to our core skills in products, technology and marketing."

Odey inside knowledge? ....... oh surely not!

How could you suggest such a thing ,go and wash your mouth out with soap this instant cynic !

'twas merely a fleeting and unworthy thought :-)

Sometimes is worth to keep your ..........MOUTH shut ....so do not need for wash with soap

some people will never learn, they have to place their wrong thought everywhere ( is it call SPAM?)

cynic 26 May 2015 09:46 - 66 of 96
i wouldn't touch this company with a bargepole

oh just crawl back under your stone where you belong

jimmy b

about time you learn to who you can trust on their comments


cynic 26 May 2015 09:46 - 66 of 96
i wouldn't touch this company with a bargepole

more washing and now try it with BLEACH, it will be more efective


do NO work....... try BLEACH

mentor (MRSI) - you are such an arsehole who clearly has no proper understanding of english let alone humour

under the stone there was a polish JEW
...... and looks like you

cynic 26 May 2015 09:46 - 66 of 96
i wouldn't touch this company with a bargepole

mentor, i don't need to learn anything ,been on here a long time ..

oh dear oh dear .... the old blackshirt reveals himself yet again

and indeed, i'm very happy to stand by what i wrote ...... if i had had inside knowledge as some seemingly had, then obviously filling one's boots was the order of the day

Share price has gone from 260p to 400p since the BARSTEWARD - cynic - opened his BIG mouth

I always knew you had special powers cynic.

You forgot to specified, you have got no BRAINS for shares, but we all know that you got BIG MOUTH instead .... and no soap will clean that stain

and that is why I know what I know from you big mouth ......under the stone there was a polish JEW

UBS comment today:
"Playtech today announced the proposed acquisition of Plus500 for 400p per share, an 8% premium to Friday's close which itself was less than half the 12 month high of 781p seen before the news on 18 May that the "UK Financial Conduct Authority required a review of Plus500's anti-money laundering financial sanction systems… prohibiting all transactions for existing customers until additional AML procedures have been completed" (source: Playtech's press release today). This significantly impacted Plus500's share price and the business, with its management today indicating revenues are expected to be below 2014's levels "with margins expected to be significantly lower" as, according to the company's release today, "recent events and associated publicity have meant that Plus500 has become the subject of increased scrutiny and has received additional requests for information from its regulators".
In 2014, Plus500's revenues were $229m/£139m, EBITDA $145m/£88m and EPS 89c/54p. At its recent AGM on 27 May, Plus500 revealed Q1 sales of $82m and that through the end of May it had added a further $26m, putting year-to-date revenues ahead of H1 14's level, but since the FCA inquiry c$4m of revenues had been lost. It said at the AGM it expected it would take another month to re-approve existing customers' documentation and modify the process for onboarding new customers. It had $92m of cash at the AGM date, meaning the acquisition price represents a c£400m EV, or 4.5x trailing EBITDA, although this year's profits should be much lower.
Given Plus500 only announced the regulatory issues two weeks ago, it seems to us that the deal has been concluded in seemingly record time. We believe Playtech's management will likely feel that its own experience of operating a multi-jurisdictional regulated business will allow it to resolve Plus500's regulatory issues as fast as possible. However, investors are likely to be nervous, especially given the pace at which the deal has been concluded and given that Plus500's management appears willing to take a price almost half of where the shares were a month ago."

i'm not surprised mentor (MRSI) spends so much time in menorca (another alias), for there are said to be many neo-nazis to be found in the balearics

Could you tell us the Polish surname,
we could then see the new english one now

They all did the same,
ashamed,
embarrass
running away from the poverty
and maybe some they were breathing down their neck
 

do you even know your father's name?

your ignorance in all senses of the word, is truly mind-boggling

like many polish jews fleeing the pogroms, their names were often germanic as was "our" case
these names, again as was "our" case, were frequently changed or anglicised by the immigration people to make them easier to spell or pronounce


like i said, you are truly ignorant both educationally and in the more pejorative sense - ie oafish

You supposed to be the BARSTEWARD and eventually coward

As is true I will let you now I have a surname of a past KING
-----------------------
Why did Jew immigrants change their last name?

1. They wanted to blend in more with the predominant Anglo Saxon population
2. The immigration agents who processed people at points of entry could not write or pronounce many names and changed the names to simply them.

3. Many refugees were persecuted if they were Jewish so many of them changed their last name after WW2 out of fear.

In the mid-late 60's I worked with a guy called Tony Forrester. His parents were Polish and had come over here around the time of WW2 (give or take).

He explained to me if his name hadn't been changed, it would still have been 'Forrechevski' (or similar). At the time, we his work mates, seemed to mind all of this less than he did.

I can't think that he was Jewish.

However, he did have extremely sensitive skin. He would scratch it gently and carefully with, say a fork prong, and up would come enormous skin wealds. We all reckoned he could have made use of this in the film industry movies by allowing himself to be whipped or tortured. Gentle whipping would have shown quite traumatic and tragic results. After about 24 hours his wounds, which weren't really wounds, actually shrank back to normal.

There is a name for this kind of skin reaction. It's called Demographic Urticaria

.

.

.

.

Where's me bloody message?

Ether!

EL - ho ho :-) .....
personally, though i have never been what is termed a "practicing jew", i am still proud of my heritage even if embarrassingly ignorant about much of it ...... thin-skinned? .... assuredly not, but i have a strong aversion to pig ignorance, oafishness and racism as displayed by the likes of MRSI (aka menorca and latterly mentor)

a visit to the likes of dachau is educational, chilling and cathartic ..... try it if you have not already ..... if you don't have the stomach for that, then try vimy ridge or similar

Got knocked back down again despite the 400p offer.

financial site, above comments not wanted, conclusion of takeover date more sense
informed one please write.

black bird ..maybe your the informed one ,please explain ? it is getting knocked back down ,isn't it ?

I think bb is referring to the semitic references before yours jimmy.

He /She should have made that clear
and on that note they are right , they seem to trawl from thread to thread having arguments ,it's a pain .

completion takeover plus july 2015 as trade FX

JPM and Odey combine holding will be more than 31 percent
if they both are in negotiation with another Third party and they get good offer than they will stop this takeover which is more likely as still buying in progress..

£5.00 + ??

http://uk.businessinsider.com/plus500-takeover-playtech-odey-asset-management-numis-cable-car-capital-squabble-over-bid-price-2015-6?r=US

plenty left here..........................

;

indeed - it seems to be (almost) worth a punt, though i'm not sure of the odds on the whole falling apart, or conversely, a late counter-bid being tabled

well according to the city grapevine this will come - may well gap up in the morning...........

looking good ;

fantastic more ii buying http://www.lse.co.uk/share-regulatory-news.asp?shareprice=PLUS&ArticleCode=z3w6jcgy&ArticleHeadline=Holdings_in_Company

admittedly it's a shit market and PLUS haven't moved at all, but what's so fantastic?

the city rumours are gradually appearing for the average joe pi to also share in: http://leaprate.com/2015/06/odey-looking-for-more-claims-playtech-bid-for-plus500-is-too-low/

"Odey Asset Management LLP, the largest individual shareholder in Plus500 Ltd. ("Plus500"), notes the statement on 1 June 2015 regarding Playtech Plc's ("Playtech") recent recommended cash offer of 400p per Plus500 share.

We believe 400p per Plus500 share in cash to be an opportunistic bid exploiting current regulatory issues and risks. In our view 400p materially undervalues Plus500 and we do not intend to vote in favour of the cash acquisition of Plus500 at this price. Even considering the current regulatory issues and near term risks, we believe the intrinsic value of the business on a longer term view is materially higher than 400p.

We understand that this cash acquisition may make sense for Plus500's management and staff, whom we expect could be further incentivised by Playtech after the acquisition has completed. However, for independent shareholders we believe the current offer represents too great a discount compared to intrinsic valuation as a standalone entity.

Furthermore, we believe that the financial and strategic value of Plus500 to an industry bidder is significantly higher than valuation as a standalone entity.

We welcome Plus500 management's approach to Playtech's proposed cash acquisition, which allows other potential bidders the opportunity to appraise Plus500 with the same information as Playtech, and which allows management to cease its commitment to Playtech's proposed cash acquisition should another bidder present a higher offer."

i have allowed myself a small dabble as i think the downside is small but upside quite interesting

Brave man! I think this is now in the hands of speculators and gamblers (often called Arbitrage!). Might be worth a very short term punt but if Playtech walk...........!!!

you know it makes sense cynic ;

hc - playtech wont walk - most likely have to increase their offer................. they also know it makes sense :-)

if i knew it made sense, i'ld have taken more :-)

lol

good news
StockMarketWire.com
Plus500 said its remediation actions are now up to full speed to re-approve Plus500UK's customer accounts, with up to 40 staff working on the project.

As at close of business on Monday, 8 June approximately 23,000 customers had logged into their account since May 18, the date on which Plus500UK froze activity on existing customer accounts and of these 10,147 customers had completed the remedial AML procedures.

It said 8,457 customer accounts have now been fully reviewed by the remediation team and unfrozen, thereby enabling those customers to trade and to deposit and withdraw funds.

While it is too early to anticipate the ongoing behaviour of those customers who are now free to trade, 5,205 have resumed trading (61%) and 457 have cashed out all their funds (5%).

As confirmed in the Company's statement on 22 May, Plus500UK was required by the FCA under section 166 to appoint, and has appointed, a second Skilled Person who is required to review the steps taken by Plus500UK in regard to its remedial AML procedures for existing clients.

Plus500UK has now commenced communication with inactive customers encouraging them to submit the appropriate documentation so that they are cleared to trade when they next wish to.

Plus500UK continues to work with compliance consultants on agreeing on the required procedures to enable the onboarding of new clients.

have bought more , left a electronic trade on system, 3 69 Thursday 4 june I am
after 8% gain

Posting of Information Statement and Notice of Special General Meeting
Further to the announcement of 1 June 2015, Plus500, a leading online service provider for retail customers to trade CFDs internationally, today announces it has posted to Shareholders the Information Statement and Notice of Special General Meeting required to give effect to the recommended cash acquisition of Plus500 Ltd by Playtech plc (the "Acquisition"). The Information Statement and Notice of Special General Meeting to be held in relation to the Acquisition is available also online at the Company's website, www.plus500.com.

The Special General Meeting is to be held at 11 a.m. on 16 July 2015 at the Regus Offices, Level 9, CityPoint, 1 Ropemaker Street, London EC2Y 9HT. The Directors unanimously recommend that Shareholders vote in favour of the Resolution being proposed at the Special General Meeting.

Alastair Gordon, Chairman, commented:
"The Plus500 board believes that the merger proposal is fair to and in the best interests of Plus500 and its shareholders as a whole and recommends that shareholders vote "for" the merger proposal."

it seems virtually no one can withdraw any money from them LOL!

and their t&cs seems to confirm how awkward they are to release funds!

http://www.plus500.com/Docs/Plus500CY/UserAgreement.pdf

morgan chase buy 407587 @ 354 23/10/15 ptec also seem to like this price
12% gain to £4 f t money BB

The question is now that Morgan Chase have stopped buying at 354 and it's fallen below that level this afternoon is it going to keep falling?

rns 12 oct app for apple watch , capture customers, question would apple allow
this if all was not well. profits static 2015 says BB if no takeover will hold,
and enjoy 2016 profits.

Dive notice xmas 14 pence . total dive for year, not clear for 2015, a more informed one , may post ? BB

dive perhaps being the most realistic outlook for this stock!

taken profits today, sold @ 4.50 reason numis & others may not want to target
stock, or talk about it, i just feel there is no smoke without fire, chase rns 8 dec
bought more, will come back along with more certinity BB

have come back @558 will hold now long BB

onboarding to show more customers, brokers showing increase in profit forcast
now shown in £ comment on short must be below 0 . 5 % outsiders have no
evidence, . will continue to hold, s/p £6 29.3.16 BB

nifty 50 share tip, to sell plus,storm clouds, why when today rns buy more berenborg
800 T i would like to know true story BB ps do not subscribe to nifty fifty, does
any one here on money AM .

22.4.16 advfn bullitin board say ODEY have sold, not true total voting rights
increased. bb not in at this moment doubts could be ill founded.

Having researched this company over six months ago I suggest today's news from the regulator may be far worse than immediately apparent.

The marketing budget required to generate new punters can be cut to protect profits but then you've got less profits generated in the first place

odey increase 6-12-16 @ 310p approx . black bird still not in sold in april.

I would not touch this company with someone else's bargepole even at this price.

IG might be a more interesting play

;

I G can make it, so why can't plus , still holding Target raised today int to 900
s/p 725 + 70 O T D on the day 780 aug 2016. BB target £ 8

still holding, a takeover for plus is = coming? holders from the netherlands increase, as with others broker target £9=60 low P/E of 8 next results should
show 50% increase in profits. BB

further licenses , to be granted before XMAS BB s/p @ 862 18/9/17

StockMarketWire.com
Plus500 said its business continues to trade strongly and that it anticipates that full-year revenues and profits will be ahead of market expectations.

money AM fault not recording a 100k buy 893 time 8...38 am 28 sept i just hope that money am will see , & rectify, or lose revenue, will hold plus to £10 then review.

Looking good for £20+. Amazing upside and Fantastic update. Phenomenal figures!

recent R N S just a reinstatement, why the huge rise, must be a china licence
or other. will hold if i sell, license,then unable to get back onboard, trying to be clever ? BB

Liberum note on 3rd Jan:
"We continue to value Plus500 at 10x CY18 EPS. Our new TP of 1,232p (previous: 1,069p) offers potential upside of 21% and an ETR of 28%. We believe our methodology reflects appropriate caution ahead of the implementation of the proposed ESMA leverage limits during the current year, the impact of which remains difficult to accurately predict."

Berenberg note:
"Customer numbers growing strongly: After re-engineering its marketing spend at the end of 2016, throughout the first nine months of 2017 Plus has been able to attract higher-value clients and do so at a lower cost. The only customer number figure released today is the annual number of new customers who have joined – at 246,000 it is 136% higher than the 2016 level and materially higher than the 96,373 ytd number reported at Q3. This suggests that Plus added c150,000 new customers in Q4 alone, in part likely due to the rapid growth in interest in the crypto-currency market.
Better than expected revenue generation: This level of growth in new customers, combined with the information available at the present time, makes it quite hard to analyse the component moving parts, but we believe revenue outturn at around $425m for 2017 looks reasonable, c10% above our previous estimate of $386m. Thereafter, revenue growth will be affected by the sustainability of crypto-currency interest, the extent to which the ARPU of a crypto-currency investor differs from a non-crypto investor, in our view, and the impact of future regulation.
Outlook: With the company trading so strongly in 2017, attention now turns to the rest of 2018 and regulation. ESMA updated the market on its views at the end of December, with the key conclusion being that the regulator will focus on limiting the amount of leverage that can be used with contracts for difference (CFDs) – to between 1:5 and 1:30, depending on the volatility of the underlying asset – along with areas such as margin close-out rules, negative balance protection and restrictions on marketing. We understand that there will be a short consultation period with the final implementation likely due by June 2018 at the earliest, and that all the CFD companies are now assessing the magnitude of the impact and the changes in competitor and customer behaviour that it is likely to imply. We would also pay attention to the potential for any regulatory changes affecting the crypto-currency markets and the leveraged trading of CFDs within that."

will review, @ £ 20 long term holder maths are good. BB

StockMarketWire.com
Plus500 said its business continues to trade strongly and materially increased expectations for its financial performance for the year to 31 December 2018.

As announced in the company's preliminary results on 14 February and the trading update on 1 May, Plus500 had a strong start to the financial year; mainly due to a period of relative volatility in the markets and high levels of trading in the company's cryptocurrency CFDs offering.

The Bbard believes these factors encouraged high levels of new customer sign-ups and therefore record trading in Q1 2018.

While market conditions have returned to more normal levels in Q2 2018, trading has nevertheless been materially ahead of management expectations.

As previously announced in the 1 May 2018 trading update, the full impact of the ESMA measures, which are now confirmed to take effect from 1 August 2018, are difficult to assess.

Similarly, the Group's performance could also be impacted by the rate at which customers request to be reclassified, and are accepted, as elective professional clients.

The board will assess the impact of the ESMA measures on current and future years' performance once the ESMA measures are fully operational and will make further announcements as appropriate.

CEO Asaf Elimelech commented: "We are pleased with the continued strong financial performance made despite market conditions returning to more normal levels during this period.

"We remain confident about the future prospects for the company."

Sale of c.9.4 million Existing Ordinary Shares in Plus500
Plus500, a leading online trading platform provider for retail customers to trade CFDs internationally, announces that the founders of the Company, Alon Gonen1, Gal Haber2, Elad Ben-Izhak3, Omer Elazari and Shlomi Weizmann (the "Founders") have notified Plus500 that, in response to significant demand from a small number of institutional investors, they intend to sell today c. 9.4 million existing ordinary shares (the "Sale Shares") in the capital of the Company at a price of £15.50 per Sale Share. The Sale Shares represent c. 8% of the Company's issued share capital and is expected to raise gross proceeds of c. £145 million for the Founders.

Any Sale Shares will be sold through Liberum Capital Limited ("Liberum") to a limited number of investors. Plus500 is not a party to the transaction and will not receive any proceeds from the sale of the Sale Shares.

After completion of the transaction, the Founders will continue to hold in aggregate approximately 8% of the issued share capital of the Company. The Founders intention to sell reflects their desire to diversify their investments whilst raising funds for personal reasons.

The Founders have agreed not to sell any further ordinary shares they hold in the capital of the Company for a period of 90 days after completion of the transaction, subject to waiver by Liberum at its sole discretion.

StockMarketWire.com
Broking house Plus500 said it expected to trading in 2018 to be ahead of expectations, despite revenue falling in the third quarter.

Revenue for the three months through September fell 14% to $100.1m, the company said.

However, for the nine months through September, revenue rose 86% to $565.6m.

The third quarter included two months of trading after the introduction of new regulations that tightened conditions around the marketing and trading of contracts for difference.

'Since the end of the quarter Plus500 has seen the return of higher volatility across asset classes, and consequently stronger trading,' the company said.

New customer numbers in the third quarter fell 51%, but rose 19% for the first nine months of the year. Active customer numbers in the third quarter rose 8%, while jumping 74% for the first nine months.

'The company's efficient marketing activity and retention initiatives assisted in the number of active customers growing globally during the third quarter despite low market volatility and the effect of the implementation of ESMA's regulatory changes.'

Ebitda margin in the nine months ended September 2018 was 71% and in the third quarter was 50%.

The company also said it had approved a share buy back for an initial amount of up to $10m.

'As we look forward to 2019, the company remains highly operationally geared with a low-cost base allowing it to maximise profits from incremental revenues,' Plus500 said.

'We expect revenues to benefit from recent customer acquisition, continued investment in marketing, retention initiatives and new licences.'

'The board now expects trading to be ahead of 2018 market expectations.'

'For 2019 we continue to assess expectations, which may be subject to levels of market volatility, and we look to the future with confidence.'

StockMarketWire.com
Broking house Plus500 said it expected its results for 2018 to be ahead of current market expectations.

Strong momentum reported at a third-quarter trading update last month had continued into November, the company said.

'We are delighted to report positive momentum for October and November as we move towards the end of the financial year,' chief executive Asaf Elimelech said.

'We believe we are in a good position for 2019 and continue to focus on acquiring high value customers as well as growing in existing and new jurisdictions.

I'm sure that RNS should start "Bucket Shop Plus500"

C M C are having a bad time of it due to regulation . plus is not so far, warning
share prophets say AVOID 22/11/18 new notice. BB

Plus not regulated in UK as far as I remember.