Plus500 (PLUS) has announced an “update regarding its remediation plan for customers of Plus500UK”. How useful is the update though? …
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?
Having joined AIM at 115p per share in July 2013 and reached 770p less than three weeks ago before an announcement of regulatory issues with the Financial Conduct Authority saw the shares driven to a recent closing low of 271.75p before recovering to close at 370p on Friday, Plus500 Ltd (PLUS) has now announced a recommended 400p per share takeover by fellow London-listed Playtech plc…
It was drawn to our attention that we were carrying adverts on this website for Plus500 (PLUS) the AIM casino listed slow motion car crash. The ads game via Google so we earned buttons from them however...
Cripin Odey made headlines back in January when he predicted that we were on the cusp of a market meltdown so savage that would be talked about in 100 years’ time. Odey is smart and presumably has taken out a hedging strategy that will protect his fund from such an outcome.
Shares in CFD trading provider, Plus500 (PLUS) have recovered back above 300p currently today and the following updates on developments here…
Having closed last week at 750p, shares in CFD trading provider, Plus500 (PLUS) were suspended earlier today at around 300p. They now trade again – currently at around 250p – with the company having issued a statement “to respond to recent speculation regarding the current status of Plus500UK's dialogue with the FCA”…
While it may not necessarily be the case in this instance, from my experience as a broker in the 1990s and 2000s, the main source of pain and anguish for brokerages / investment houses tends to be the competition whistleblowing or nobbling via the regulators, rather than the behaviour of the clients or indeed the markets. Lehman Brothers rather learned this the hard way – allegedly.
A message has just gone up on the Plus500 (PUS) website for all clients which suggests that something may be horribly wrong at the AIM listed company about which we have warned several times on this website. The shares are off 20% as I write - at 605p - but the bear community reckons the stock could still head straight off the cliff face from here. Sell.
From the FCA's spreadsheet of short positions required to be disclosed to it, the following details the shorted AIM shares (by net short position %) and if this position has increased (red), reduced (green) or remained unchanged (black) since a previous analysis HERE…
A couple of years ago I was on stage with Evil Knievil and I ended up pointing out to him numerous times that he doesn’t get “internet companies.” I recall he was happy to admit it.
We can reveal exclusively that infamous bear raider Evil Knievil has opened a material short in Plus500 Ltd (PLUS), the AIM listed financial services company.
