UK 20:23 Wednesday, 23 September 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Having taken its interest in Plus500 Ltd (PLUS) to more than 25%, Odey Asset Management has today stated that it considers the recent recommended cash offer of 400p per share from Playtech plc “materially undervalues Plus500 and we do not intend to vote in favour of the cash acquisition of Plus500 at this price”. What now, after this latest twist in this saga?
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Comments
Jimbo
I’m a unit holder in Odey Absolute Return. Overall, I really rate the fund. However, I think they’ve picked a turd here and are now trying to polish it. There’s an old adage there somewhere… Personally, I wish they’d take the money and run. Reading that announcement has left my jaw on the floor somewhere…