Plus500 Ltd (DI) (PLUS)

Sector:

Financials

Index:

FTSE 250

1,805.00p
   
  • Change Today:
    -4.00p
  • 52 Week High: 1,854.00
  • 52 Week Low: 1,286.00
  • Currency: UK Pounds
  • Shares Issued: 78.27m
  • Volume: 115,947
  • Market Cap: £1,412.71m

Plus500 makes Zruia CEO as customer gains ebb

By Sean Farrell

Date: Tuesday 07 Jul 2020

LONDON (ShareCast) - (Sharecast News) - Plus500 appointed David Zruia as chief executive as the contracts for difference platform reported bumper first-half trading and customer gains returned to normal levels after a costly spike.
Zruia has run the FTSE 250 company on an interim basis since Asaf Elimelech stepped down abruptly in April. Zruia joined in 2010 and became chief operating officer in 2013.

Total revenue in the six months to the end of June more than tripled to $564.2m (£452) from $148m, including $247.6m in the second quarter, as volatile markets encouraged customers to trade on shares, currencies and commodities. Plus500 had a record number of customers as it added 115,225 new customers in the second quarter compared with 26,234 a year earlier.

Customer income jumped to a record $323.4m in the second quarter from $93m a year earlier. Plus500 said at the end of the first half its customer trading performance returned to insignificant historical levels.

The company's shares fell heavily on 8 June when customer gains on trades placed on its platform cut second-quarter revenue to $102.5m after share and oil prices rallied. Plus500 shares rose 4.6% to £13.97 at 08:06 BST on Tuesday.

Zruia said: "Having been part of the Plus500 team for almost 10 years, I am honoured to be given the opportunity to become CEO of the company. I believe that Plus500 is in an extremely strong position, both operationally and financially, to deliver future growth for our shareholders.

"This position is highlighted by our exceptionally strong performance during the first half of 2020. Given our performance in the first half, we remain very confident about the prospects for the company."

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

PLUS Market Data

Currency UK Pounds
Share Price 1,805.00p
Change Today -4.00p
% Change -0.22 %
52 Week High 1,854.00
52 Week Low 1,286.00
Volume 115,947
Shares Issued 78.27m
Market Cap £1,412.71m

PLUS Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
77.12% above the market average77.12% above the market average77.12% above the market average77.12% above the market average77.12% above the market average
21.90% above the sector average21.90% above the sector average21.90% above the sector average21.90% above the sector average21.90% above the sector average
Price Trend
77.83% above the market average77.83% above the market average77.83% above the market average77.83% above the market average77.83% above the market average
67.24% above the sector average67.24% above the sector average67.24% above the sector average67.24% above the sector average67.24% above the sector average
Income
51.32% above the market average51.32% above the market average51.32% above the market average51.32% above the market average51.32% above the market average
24.24% below the sector average24.24% below the sector average24.24% below the sector average24.24% below the sector average24.24% below the sector average
Growth
91.64% below the market average91.64% below the market average91.64% below the market average91.64% below the market average91.64% below the market average
81.48% below the sector average81.48% below the sector average81.48% below the sector average81.48% below the sector average81.48% below the sector average

What The Brokers Say

Strong Buy 4
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 5
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

PLUS Dividends

  Latest Previous
  Final Special
Ex-Div 29-Feb-24 24-Aug-23
Paid 11-Jul-24 09-Nov-23
Amount 39.11¢ 32.19¢

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 49,134 @ 1,805.00p
16:35 65 @ 1,805.00p
16:35 109 @ 1,805.00p
16:35 199 @ 1,805.00p
16:35 371 @ 1,805.00p

PLUS Key Personnel

Chair Jacob A. Frenkel

Top of Page