Plus500 Broker shares (LON:PLUS) up 9% after strong Revenues and Cash report

Friday morning (June 2, 2017), there was a sharp increase in the total number of traded shares of FCA regulated Forex broker Plus500 Ltd (LON:PLUS). To be precise, the shares went up by about 9%. These shares were being traded at 5.65 which is higher that a trading of 4 that was witnessed at the begging of 2017. Just remember that this is still below what it was trading at by the end of 2016.

As a licensed CFD broker, Plus500 Ltd announced that it has witnessed strong cash levels in addition to steady and healthy revenue growth in this Q2. It also revealed the planned $10 million share buyback. It’s these announcement that promoted the changes in the number of shares traded.

Plus500 broker

First, this company’s first quarter trading update that was released at the end of April revealed a positive trend in it trading activity. The announcement has confirmed that, this trend in still continuing even during this Q2.

Remember that this Q2 is about two-thirds over and Plus500 Ltd has confirmed that when it is compared to the first quarter, trading has been strong and the overall profit margins have been perfectly maintained. All these achievements have been made irrespective of the significant lower levels of volatility that were measured and reported by VIX Index than in 2016 during this exact period.

As a reminder, note that Plus500 Ltd Q1 record was fairly stronger with Revenues of about $77.5 million. According to the report, as at December 31, 2016, the firm’s net cash balances were standing at about $136 million. With its steady trading, its net cahs balances as at May 31, 2017, were at about $191million. This amount include about $75 million that will be paid out on July 3, 2017 in dividends. Note that the company’s policy is to offer a 60% pay-out ratio dividend to shareholders.

Plus500 Ltd operates in France, Germany, Cyprus and UK. In their report, it was stated that, based on the regulatory front, all of the regulatory changes that had been announced in all of the above areas of jurisdiction had a significant negative impact on the overall trading performance. The only thing foreseen to affect the second half of this year (2017) would be the outcome the FCA consultation. Actually, Plus500 Ltd is waiting for this outcome just like all the other leading CFD brokers in UK.

About Plus500’s Share Buyback Program

It’s this program that has caused the sharp increase in trading. The program features the aspects listed below

· The number of approved shares is $10 million.

· The buyback process will be carried out in open market transactions.

· Liberum Capital Limited is the company that manage this program.

· This program will commence today and continue through to August 31, 2017

Shares of all major CFD and Foxex market traders in the UK were significantly hit after FCA (a UK regulator) proposed new rules to govern leverage trading. The rules cited a hard 50x leverage cap on existing and new positions. The affected shares were almost cut in half. Although FCA is yet to announce its final decision about the above issue, leading company’s like CMC Markets Plc (LON:CMCX), IG Group Holdings plc (LON:IGG), Plus500 Ltd (LON:PLUS) are still hoping for their best.

32 comments on “Plus500 Broker shares (LON:PLUS) up 9% after strong Revenues and Cash report
  1. Wow, this post is good, my younger sister is analyzing these
    things, so I am going to let know her.

  2. Thanks for the points you have shared here. Something important I would like to convey is that laptop or computer memory demands generally increase along with other innovations in the engineering. For instance, any time new generations of cpus are introduced to the market, there is usually a similar increase in the dimensions preferences of both the computer memory plus hard drive space. This is because the application operated through these processors will inevitably surge in power to use the new technologies.

  3. I get pleasure from, lead to I found just what I was taking a look for.
    You’ve ended my 4 day lengthy hunt! God Bless you man. Have a great day.

  4. This is a topic that’s near to my heart… Best
    wishes! Exactly where are your contact details though?

  5. Aw, this was a really nice post. Spending some time and actual effort to produce a top notch article…
    but what can I say… I hesitate a whole lot and don’t manage to get anything done.

  6. Excellent article! We will be linking to this particularly great post on our site.

    Keep up the good writing.

  7. Link exchange is nothing else however it is just placing the other person’s blog link
    on your page at proper place and other person will also
    do same in favor of you.

  8. I do not even understand how I finished up here, however I believed this put up was great.
    I do not know who you’re however definitely you are going to a well-known blogger
    if you are not already. Cheers!

  9. I have to thank you for the efforts you’ve put in writing
    this blog. I’m hoping to view the same high-grade content by
    you in the future as well. In fact, your creative writing
    abilities has encouraged me to get my own, personal website
    now 😉

  10. I read this paragraph completely about the resemblance of most up-to-date and preceding technologies,
    it’s remarkable article.

  11. Hi! Someone in my Facebook group shared this website with us so I came to take a look.
    I’m definitely loving the information. I’m bookmarking and
    will be tweeting this to my followers! Terrific blog and
    excellent style and design.

  12. I used to be able to find good advice from your articles.

  13. I’m impressed, I must say. Rarely do I come across a blog that’s both educative and entertaining, and without a doubt, you’ve
    hit the nail on the head. The issue is something that not enough
    men and women are speaking intelligently about. I’m very happy that I stumbled across this
    during my hunt for something relating to this.

  14. What’s up, the whole thing is going sound here and ofcourse every one is sharing
    information, that’s in fact excellent, keep up writing.

  15. Hi! This is my 1st comment here so I just wanted to give
    a quick shout out and tell you I genuinely enjoy reading through your posts.
    Can you recommend any other blogs/websites/forums that deal with the same subjects?
    Appreciate it!

  16. Great delivery. Solid arguments. Keep up the
    good work.

  17. This is a topic which is close to my heart… Take care!

    Exactly where are your contact details though?

  18. First of all I would like to say superb blog! I had a quick question in which I’d
    like to ask if you do not mind. I was interested to know
    how you center yourself and clear your thoughts prior to writing.
    I have had a tough time clearing my mind in getting my thoughts out there.
    I do take pleasure in writing however it just seems
    like the first 10 to 15 minutes tend to be wasted simply just trying to figure out how to begin.
    Any ideas or hints? Thank you!

  19. This excellent website certainly has all the information I wanted concerning this subject and didn’t know
    who to ask.

  20. Wonderful items from you, man. I’ve remember your stuff previous
    to and you are simply too wonderful. I really like what
    you’ve got here, certainly like what you are stating and the
    way in which you say it. You’re making it enjoyable and
    you still take care of to keep it sensible.
    I can’t wait to read far more from you. That is really a wonderful
    web site.

  21. If you desire to increase your experience just keep visiting
    this website and be updated with the newest news posted

  22. I loved as much as you will receive carried out right here.

    The sketch is tasteful, your authored material stylish.

    nonetheless, you command get bought an nervousness over that you wish
    be delivering the following. unwell unquestionably come
    further formerly again since exactly the same nearly a lot often inside
    case you shield this increase.

  23. says:

    Great blog here! Also your website loads up fast!
    What web host are you using? Can I get your affiliate
    link to your host? I wish my site loaded up as fast as yours lol

  24. We absolutely love your blog and find nearly all of your post’s to be exactly what I’m looking for.
    Do you offer guest writers to write content to suit your needs?
    I wouldn’t mind composing a post or elaborating on a few of the subjects you write with regards to here.
    Again, awesome weblog!

  25. Greate pieces. Keep posting such kind of info on your page.
    Im really impressed by it.
    Hello there, You’ve performed a great job. I’ll certainly digg
    it and for my part suggest to my friends. I’m confident they will be benefited from this site.

  26. Your style is unique compared to other people I have read
    stuff from. Many thanks for posting when you’ve got the opportunity,
    Guess I will just book mark this web site.

  27. whoah this weblog is excellent i really like reading your articles.

    Stay up the great work! You recognize, many persons are looking round for this info, you
    could help them greatly.

  28. I have fun with, lead to I found exactly what I was taking a look for.
    You have ended my four day lengthy hunt! God Bless you man. Have
    a nice day. Bye

  29. quest bars says:

    Great post! We will be linking to this particularly great post on our site.
    Keep up the great writing.

  30. node says:

    I have to convey my affection for your generosity supporting folks that need guidance on your subject matter. Your real dedication to passing the solution up and down had been extremely effective and has specifically empowered guys and women like me to get to their targets. Your personal invaluable report means so much to me and a whole lot more to my fellow workers. Best wishes; from everyone of us.

  31. yeezy boost says:

    I needed to create you one little bit of note to help say thanks a lot the moment again considering the pleasing knowledge you’ve featured at this time. It was certainly remarkably open-handed of you to allow unreservedly what exactly most of us would have advertised for an e-book to help with making some dough for their own end, precisely seeing that you could possibly have tried it in case you decided. The tactics in addition acted to become a fantastic way to realize that other individuals have a similar keenness just as my very own to grasp a good deal more regarding this matter. I believe there are several more pleasurable situations ahead for folks who browse through your blog post.

  32. You can certainly see your expertise within the work
    you write. The world hopes for even more passionate writers like you
    who aren’t afraid to mention how they believe.
    All the time go after your heart.

Leave a Reply

Your email address will not be published.