All PR folks are geniuses. Reg Hoare does the PR for Plus500 (PLUS) and reckons Lucian Miers has it all wrong. I am a fair man so am happy just to print Reg's email in full. Over to the genius who writes:
The weakness in Plus 500’s (PLUS) share price in the last couple of days which has seen it fall a pound from 666p is probably explained by the excellent Times of Israel investigative piece on binary options which appeared on Thursday.
An article in the Times of Israel on binary betting and the industry centred on Tel Aviv has been drawn to my attention. Ouch.
Top broker Numis has ceased its coverage of Plus500 (PLUS) with an incredibly damning note for its institutional clients, which just happens to have fallen into my possession. Steve Moore and myself have been bears of this stock for a while and we remain so. Now over to Numis which writes:
If you want me to analyse a stock for you just drop me a line at sqmir@hotmail.com - Today I look at shares in Forbidden Technologies, Pace and Plus500 setting share price targets for all three stocks.
Having consistently cautioned on the proposed 400p per share takeover of Plus500 (PLUS), the shares are currently falling below 350p following an announcement of “Termination of Merger, Dividend and Share Buyback”…
Holders of AIM-listed Plus500 (PLUS) might wish to note yesterday morning’s RNS from their white knight, Playtech (PTEC). It concerns the proposed takeover by Playtech of Irish-headquartered CFD broker Ava Trade Ltd. It seems that the Central Bank of Ireland has raised an objection, and has informed Playtech that it is opposed to the proposed transaction (see HERE).
Two no-one-is-watching o’clock RNSs caught my eye last night, both after 6pm when everyone had gone home for the weekend, or perhaps were limbering up for the opening skirmishes of the Rugby World Cup. One from fully-listed Circassia Pharmaceuticals plc (CIR), and the other involved the much covered AIM-listed Plus 500 (PLUS) and its proposed takeover by fully listed Playtech (PTEC).
A results statement for the first six months of 2015 today from Plus500 (PLUS) includes that “notwithstanding the impact of UK regulatory matters, the group has performed well over the period”. Hmmm. Is this really the case? …
Recently operationally troubled CFD trading provider Plus500 (PLUS) has updated on the proposed 400p per share acquisition of the company by Playtech plc following a vote by shareholders of the latter on the deal…
I don’t know much about Playtech or its “colourful” founder Teddy Sagi (briefly imprisoned as a lad for grave deceit, bribery and insider trading) but they have certainly done no favours to bulls and bears alike in bidding 400p per share in cash for Plus 500 (PLUS).
