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 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”…
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Comments
Alex
Any thoughts on why Odey Asset Management have increased their shareholding? I can’t imagine they did that blindly. And they’re not known for lacking astuteness. Puzzling?
Alex
Steve, why was my question about Odey adding rejected? No “free speech” Pizza for you! :-)
TW note All comments are moderated to stop outright libel etc and I am not going to waste my entire day waiting for gems like yours to appear so there are oft delays in approval
Alex
Thank you TW … I thought it was a ‘gem’ too; Odey buying suggests there might well be a ‘bull’ case for Plus500. I don’t own shares in Plus500, nor am I short Plus500.