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

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."